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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.
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 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.
- Uncertainty surrounding future acquisitions and their contributions.
Revenue & Expenses
Visualization of income flow from segment revenue to net income