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Dec 31, 2024
WillScot Mobile Mini Q4 2024 Earnings Report
WillScot reported strong Q4 2024 results with steady revenue and profitability despite headwinds.
Key Takeaways
WillScot generated $603 million in revenue for Q4 2024, with an adjusted EBITDA margin of 47.3%. The company reported net income of $89 million and diluted EPS of $0.48. Adjusted Free Cash Flow came in at $137 million. Management highlighted stable demand and growth in average rental rates, despite a slight decrease in units on rent.
Revenue for Q4 2024 was $603 million, slightly down from the previous year.
Net income reached $89 million, with diluted EPS at $0.48.
Adjusted EBITDA was $285 million, with a 47.3% margin.
Adjusted Free Cash Flow was $137 million, reflecting strong cash generation.
Revenue by Segment
Forward Guidance
WillScot expects revenue between $2.275 billion and $2.475 billion for FY 2025, with continued growth in average rental rates and expansion of product offerings.
Positive Outlook
- Expected revenue growth in the second half of 2025.
- Continued increase in average monthly rental rates.
- Expanded product offerings to drive additional leasing revenue.
- Strong free cash flow generation supports shareholder returns.
- Quarterly cash dividend program initiated.
Challenges Ahead
- Moderating year-over-year headwinds in units on rent.
- Potential impact of macroeconomic uncertainty on demand.
- Rising costs could pressure margins.
- Increased debt levels and interest expenses.
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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