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Dec 31, 2019
WillScot Mobile Mini Q4 2019 Earnings Report
WillScot Mobile Mini reported Q4 2019 results, featuring a merger announcement and strong financial performance.
Key Takeaways
WillScot Corporation reported an 8.0% increase in revenues to $278.0 million for Q4 2019, driven by growth in core leasing and services. The company's net income increased by $19.3 million to $8.9 million, and free cash flow increased by $63.8 million to $43.7 million, marking a transition to net profitability and cash generation. WillScot also announced a merger with Mobile Mini.
Revenues increased by 8.0% year over year to $278.0 million.
Modular space average monthly rental rate increased by 14.1% year over year.
Adjusted EBITDA increased by 33.6% year over year to $98.2 million.
Free Cash Flow increased by $63.8 million year over year to $43.7 million.
Revenue by Segment
Forward Guidance
WillScot provided its 2020 outlook, including total revenue between $1.1 billion and $1.2 billion, adjusted EBITDA between $410 million and $430 million, and net CAPEX between $160 million and $180 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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