WILLSCOT CORPORATION ANNOUNCES FOURTH QUARTER AND FULL YEAR 2019 RESULTS AND PROVIDES 2020 OUTLOOK

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Go back to WILLSCOT CORPORATION ANNOUNCES FOURTH QUARTER AND FULL YEAR 2019 RESULTS AND PROVIDES 2020 OUTLOOK

WillScot Corporation (WSC) Reports Q4 Revenues Beat; Provides FY20 Revenue Outlook

March 2, 2020 6:08 AM EST

WillScot Corporation (NASDAQ: WSC) reported Q4 revenue for the quarter came in at $278 million versus the consensus estimate of $271.64 million.

Fourth Quarter 2019 Financial Highlights1,2

Revenues of $278.0 million, representing an 8.0% (or $20.6 million) year over year increase, driven by growth in core leasing and services revenues of $17.5 million, or 7.7%.Modular space average monthly rental rate increased to $641, a 14.1% increase year over year.Adjusted EBITDA of $98.2 million represents a 33.6% (or $24.7 million) year over year increase.Adjusted EBITDA margin of 35.3% increased 670 basis points ("bps") year over year.Approximately 80% of the... More