GlobeNewswire·Nov 5, 2026, 4:05 PM ET

WillScot Reports Third Quarter 2026 Results

WillScot Holdings Corporation reported third quarter 2026 revenue of $601 million, exceeding its prior outlook.
The company generated adjusted EBITDA of $234 million with a 38.8% margin, representing a 160 basis point sequential increase.
Leasing revenue grew 4% year-over-year while delivery and installation revenue surged 22.7% year-over-year.
Modular space units-on-rent increased 1.2% year-over-year, driven by a 12% acceleration in activation growth.
Enterprise Account revenue rose 15% year-over-year in the quarter.
Net cash provided by operating activities reached $198 million, up 4% year-over-year, resulting in $78 million in adjusted free cash flow.
The company invested $123 million in net CAPEX to support new rental equipment and refurbishments.
WillScot paid down $57 million of outstanding debt during the quarter.
The full year 2026 revenue outlook was raised to $2.340 billion while maintaining the adjusted EBITDA outlook at $920 million.
Early 2027 guidance anticipates mid-single digit percentage growth in adjusted EBITDA.
Management expects leverage to approach 3.0x as the company exits 2027.
Total debt stood at $3.449 billion with no debt maturities until August 2028.
Net debt to adjusted EBITDA ratio was 3.7x based on the last twelve months of adjusted EBITDA.
A quarterly cash dividend of $0.07 per share was paid on September 16, 2026.