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Sep 30, 2020
WillScot Mobile Mini Q3 2020 Earnings Report
WillScot Mobile Mini Holdings announced Q3 2020 results, demonstrated post-merger earnings potential, and updated the 2020 outlook.
Key Takeaways
WillScot Mobile Mini Holdings reported a successful third quarter, marked by the merger of WillScot and Mobile Mini. The company saw significant revenue growth and margin expansion, driven by strong performance in the NA Modular and NA Storage segments. The company is optimistic about future growth opportunities and its ability to expand the platform.
Delivered nearly 10% pro forma Adjusted EBITDA growth and 400 basis points of pro forma margin expansion versus prior year.
Grew both Revenue and Adjusted EBITDA sequentially from Q2.
Drove pricing across core Modular and Storage segments and generated over $91 million of free cash flow excluding merger-related transaction costs.
Sequential improvements in new order and delivery volumes through Q3 and into November
Forward Guidance
Management adjusted the Company's outlook for full year 2020.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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