WillScot (NASDAQ:WSC) Posts Earnings Results, Beats Estimates By $0.01 EPS

WillScot (NASDAQ:WSC) posted its quarterly earnings data on Thursday. The company reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.01, FiscalAI reports. WillScot had a negative net margin of 3.00% and a positive return on equity of 21.62%. The firm had revenue of $601.34 million for the quarter, compared to analysts’ expectations of $586.11 million. During the same quarter last year, the company posted $0.30 EPS. The business’s quarterly revenue was up 6.1% on a year-over-year basis.

Here are the key takeaways from WillScot’s conference call:

• Q3 revenue rose 6% year over year to $601 million, ahead of expectations, and adjusted EBITDA of $234 million also exceeded the company’s outlook. WillScot raised its 2026 revenue forecast to $2.34 billion while maintaining adjusted EBITDA guidance at $920 million.
• Modular activity is improving: units on rent grew 1.2% year over year, activations rose 12%, and the modular pending order book was up more than 20%. Management sees a volume tailwind entering 2027 and expects low-single-digit organic revenue growth and mid-single-digit organic EBITDA growth, while noting uncertainty around future data center project starts.
• Near-term margins remain pressured by upfront activation, transfer, logistics, and delivery-and-installation costs, so stronger activity is not immediately flowing through to EBITDA. Portable storage leasing revenue fell 7% year over year, and management expects storage volumes to remain down.
• The company invested $123 million in net capital expenditures during Q3, with more than 90% of incremental fleet already rented or assigned to customer orders. Despite higher growth investment, WillScot repaid $57 million of debt in the quarter, ended at 3.7x leverage, and said it expects leverage to approach 3x by the end of 2027.

WillScot Price Performance

WSC stock opened at $17.84 on Friday. WillScot has a 1 year low of $14.91 and a 1 year high of $29.77. The company has a market cap of $3.23 billion, a P/E ratio of 17.87, a PEG ratio of 1.12 and a beta of 1.37. The firm has a 50-day moving average of $18.02 and a 200 day moving average of $21.82. The company has a debt-to-equity ratio of 3.80, a current ratio of 0.81 and a quick ratio of 0.74.

WillScot Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 16th. Shareholders of record on Wednesday, December 2nd will be issued a $0.07 dividend. The ex-dividend date is Wednesday, December 2nd. This represents a $0.28 annualized dividend and a yield of 1.6%. WillScot’s dividend payout ratio is -73.68%.

Key WillScot News

Here are the key news stories impacting WillScot this week:

• Positive Sentiment: Q3 adjusted earnings of $0.29 per share topped the $0.28 consensus, while revenue of $601.34 million exceeded estimates of $586.11 million and rose 6.1% year over year. The company also said it exceeded its Q3 outlook for revenue and adjusted EBITDA, and its updated 2026 outlook slightly exceeded expectations. WillScot Reports Third Quarter 2026 Results
• Neutral Sentiment: WillScot declared a quarterly dividend of $0.07 per share, payable December 16, equivalent to $0.28 annually and a yield of about 1.6%. WillScot Declares Quarterly Cash Dividend
• Negative Sentiment: The early 2027 outlook points to low-single-digit organic revenue growth and mid-single-digit organic EBITDA growth, alongside higher fleet investment. That measured pace and spending requirement may have tempered the market’s reaction to the Q3 beat. Q3 EPS also slipped from $0.30 a year earlier. WillScot signals 2027 growth outlook

Analyst Ratings Changes

WSC has been the subject of several research reports. Robert W. Baird cut their target price on shares of WillScot from $28.00 to $21.00 and set a “neutral” rating for the company in a research report on Monday, October 12th. Jefferies Financial Group reiterated a “hold” rating and issued a $20.00 price objective on shares of WillScot in a report on Friday. Weiss Ratings reissued a “sell (d)” rating on shares of WillScot in a report on Monday, August 17th. UBS Group dropped their target price on WillScot from $29.00 to $18.00 and set a “neutral” rating for the company in a research report on Friday, October 16th. Finally, Barclays upped their target price on WillScot from $24.00 to $26.00 and gave the stock an “equal weight” rating in a research note on Monday, August 10th. Three equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $24.25.

WillScot Company Profile

WillScot Holdings Corporation (NASDAQ: WSC) provides flexible workspace and storage solutions primarily to customers across North America. The company offers modular buildings, mobile offices, portable classrooms, storage units and other temporary or permanent space solutions for businesses, schools, construction sites, health care organizations, government agencies and other institutions.

In addition to renting and selling modular space and portable storage products, WillScot provides related services such as delivery, installation, relocation, site improvements, furnishings and facility services.