WillScot Corporation Announces First Quarter Results and Updates 2020 Outlook

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Go back to WillScot Corporation Announces First Quarter Results and Updates 2020 Outlook

WillScot Corporation (WSC) Misses Q1 EPS by 11c, Revenues Miss; Lowers FY20 Revenue Outlook

May 1, 2020 6:10 AM EDT

WillScot Corporation (NASDAQ: WSC) reported Q1 EPS of ($0.03), $0.11 worse than the analyst estimate of $0.08. Revenue for the quarter came in at $255.8 million versus the consensus estimate of $258.49 million.

First Quarter 2020 Financial Highlights1,4

Revenues of $255.8 million, representing an 0.8% (or $2.1 million) year over year increase, driven by growth in core leasing and services revenues of $12.2 million, or 5.4%.Modular space average monthly rental rate increased to $653, a 13.6% increase year over year, driven by a 14.2% increase year over year in the Modular - US segment.Adjusted EBITDA of $89.5 million represents a 7.3% (or $6.1... More