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Dec 31, 2021
WillScot Mobile Mini Q4 2021 Earnings Report
WillScot Mobile Mini's financial performance in Q4 2021 showed revenue growth and strategic investments.
Key Takeaways
WillScot Mobile Mini Holdings reported a strong fourth quarter and full year 2021, driven by commercial momentum and strategic acquisitions. Q4 revenue reached $518 million, with net income of $74 million and Adjusted EBITDA of $211 million. The company reaffirmed its full-year 2022 Adjusted EBITDA outlook of $810 million to $850 million.
Q4 revenue reached $518 million, net income was $74 million, and Adjusted EBITDA was $211 million.
Invested $147 million in seven acquisitions during the second half of 2021, expanding storage and modular unit offerings.
Generated $303 million in Free Cash Flow for the full year 2021, reinvesting for growth and returning capital to shareholders.
Reaffirmed full-year 2022 Adjusted EBITDA outlook of $810 million to $850 million, reflecting robust demand across all end markets.
WillScot Mobile Mini
WillScot Mobile Mini
WillScot Mobile Mini Revenue by Segment
Revenue by Segment
Leasing Revenue
CapyFin.comDelivery and Installation Revenue
CapyFin.comNew Units Sales Revenue
CapyFin.comRental Units Sales Revenue
CapyFin.com Forward Guidance
WillScot Mobile Mini reaffirmed its full-year 2022 Adjusted EBITDA outlook of $810 million to $850 million.
Positive Outlook
- Confident in achieving the higher end of the revenue range.
- Expecting margins to expand as recent acquisitions ramp up.
- Investing in human capital to support top-line growth aspirations.
- Making specific investments in inventory and customer relationship management processes.
- Targeting a $500 million Free Cash Flow run-rate milestone in the second half of 2022.
Challenges Ahead
- Recent acquisitions were dilutive to margins in Q4.
- Ongoing investments in human capital will impact margins.
- Specific investments in inventory and CRM technology will affect margins.
- The guidance is subject to risks and uncertainties.
- Information reconciling forward-looking Adjusted EBITDA to GAAP financial measures is unavailable without unreasonable effort.
Revenue & Expenses
Visualization of income flow from segment revenue to net income