WillScot (NASDAQ:WSC) Releases Earnings Results, Beats Estimates By $0.03 EPS

WillScot (NASDAQ:WSC) released its quarterly earnings results on Thursday. The company reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.03, FiscalAI reports. The business had revenue of $612.15 million during the quarter, compared to analysts’ expectations of $585.43 million. WillScot had a positive return on equity of 21.51% and a negative net margin of 3.00%.The company’s revenue was up 3.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.27 EPS.

Here are the key takeaways from WillScot’s conference call:

• Q2 exceeded expectations: Revenue rose 4% year over year to $612 million, while adjusted EBITDA reached $228 million, above the company’s $223 million outlook. Leasing and services revenue increased 6%, with delivery and installation revenue up more than 25%.
• Large-project demand is strengthening: Modular activations increased 16% year over year, or approximately 10% excluding World Cup activity, and the modular pending order book was up 13%. Management cited improving win rates, higher-quality projects, longer durations, stronger pricing, and growing enterprise-account revenue.
• Full-year outlook was raised: WillScot now expects approximately $2.3 billion of 2026 revenue and $920 million of adjusted EBITDA, increases of $50 million and $15 million, respectively, from its prior outlook. The company expects substantial sequential margin expansion in the second half as activation costs and World Cup-related delivery activity moderate.
• Investment is rising to support future growth: Net CapEx guidance increased to approximately $375 million, focused on new units and refurbishment for projects extending into early 2027. Management emphasized attractive returns and investment flexibility, but acknowledged that higher spending will reduce near-term free cash flow and that major projects can be delayed.
• Demand remains uneven and margins are currently pressured: Transactional and smaller-project activity continues to face headwinds, while Q2 adjusted EBITDA margin fell to 37.2% due to higher leasing and transfer costs, revenue mix, sales investment, and credit-loss provisions. Excluding the World Cup, combined modular storage and value-added product leasing revenue was essentially flat year over year.

WillScot Stock Down 5.6%

Shares of NASDAQ:WSC opened at $24.37 on Friday. WillScot has a fifty-two week low of $14.91 and a fifty-two week high of $29.77. The firm’s 50 day moving average price is $26.81 and its 200 day moving average price is $23.16. The company has a quick ratio of 0.72, a current ratio of 0.79 and a debt-to-equity ratio of 4.00. The stock has a market cap of $4.41 billion, a price-to-earnings ratio of -64.13, a price-to-earnings-growth ratio of 1.54 and a beta of 1.33.

WillScot Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Wednesday, September 2nd will be issued a $0.07 dividend. The ex-dividend date of this dividend is Wednesday, September 2nd. This represents a $0.28 annualized dividend and a yield of 1.1%. WillScot’s dividend payout ratio (DPR) is -73.68%.

Wall Street Analyst Weigh In

A number of research firms have commented on WSC. Wall Street Zen raised shares of WillScot from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Robert W. Baird set a $26.00 price target on shares of WillScot in a research note on Friday, May 8th. Barclays boosted their price target on shares of WillScot from $22.00 to $24.00 and gave the company an “equal weight” rating in a research note on Friday, May 15th. Weiss Ratings restated a “sell (d)” rating on shares of WillScot in a report on Wednesday, May 20th. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $29.00 price objective on shares of WillScot in a research report on Friday, May 8th. Three analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $26.25.

Insider Buying and Selling

In other WillScot news, Director Bradley Lee Soultz sold 86,421 shares of the business’s stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $26.99, for a total transaction of $2,332,502.79. Following the completion of the transaction, the director owned 197,595 shares in the company, valued at $5,333,089.05. The trade was a 30.43% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In the last ninety days, insiders have sold 155,781 shares of company stock worth $4,205,113. Insiders own 3.40% of the company’s stock.

Institutional Investors Weigh In On WillScot

Institutional investors have recently modified their holdings of the company. Parallel Advisors LLC increased its holdings in WillScot by 149.9% in the fourth quarter. Parallel Advisors LLC now owns 2,064 shares of the company’s stock valued at $39,000 after buying an additional 1,238 shares during the last quarter. Danske Bank A S purchased a new stake in WillScot during the 3rd quarter worth about $44,000. Advisors Asset Management Inc. lifted its holdings in WillScot by 160.4% during the 4th quarter. Advisors Asset Management Inc. now owns 2,961 shares of the company’s stock worth $56,000 after buying an additional 1,824 shares during the last quarter. CIBC Private Wealth Group LLC lifted its holdings in WillScot by 130.3% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 2,766 shares of the company’s stock worth $58,000 after buying an additional 1,565 shares during the last quarter. Finally, Pacer Advisors Inc. acquired a new position in shares of WillScot during the 4th quarter worth about $71,000. 95.81% of the stock is owned by hedge funds and other institutional investors.

Key WillScot News

Here are the key news stories impacting WillScot this week:

• Positive Sentiment: WillScot reported second-quarter adjusted earnings of $0.28 per share, above the $0.24–$0.25 analyst consensus and up from $0.27 a year earlier. Revenue rose 3.9% year over year to $612.15 million, exceeding estimates near $585 million. WillScot Q2 earnings beat estimates
• Positive Sentiment: Management raised its full-year outlook, signaling approximately $2.3 billion in 2026 revenue, as demand from large projects supports growth. The stronger project pipeline may improve fleet utilization and revenue visibility over time. WillScot 2026 revenue outlook

About WillScot

WillScot (NASDAQ: WSC) is a leading North American provider of modular space and portable storage solutions. The company designs, manufactures, leases and sells temporary and permanent modular buildings to serve sectors such as education, healthcare, construction, industrial and government. Its modular space offerings range from single‐unit office trailers and classrooms to complex multi‐unit configurations tailored to diverse project requirements.

In addition to modular structures, WillScot offers a broad portfolio of portable storage containers and related services, including site logistics, customization, delivery and installation.