Earnings Releases·Nov 5, 2026, 4:14 PM ET

WillScot Holdings Corporation — Third Quarter 2026 Earnings Summary

Revenue grew 6.1% year-over-year to $601.3 million and net income rose 19.2% to $51.6 million, while Adjusted EBITDA declined 4.0% to $233.6 million due to higher variable costs and delivery/installation revenues.
Full-year 2026 guidance was raised to $2.340 billion for revenue and $400 million for Net CAPEX, while Adjusted EBITDA guidance remained flat at $920 million; early 2027 outlook targets mid-single digit Adjusted EBITDA growth.
The company paid down $57 million of debt and returned $0.07 per share in quarterly dividends, with net debt at $3.434 billion and leverage at 3.7x, expected to approach 3.0x by the end of 2027.
Modular units-on-rent increased 1.2% year-over-year driven by a 12% acceleration in activation growth, and Enterprise Account revenue surged 15%, though data center build-out pace remains a key risk for 2027.