NASDAQ$WSC

WillScot Mobile Mini Holdings Corp. · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

WillScot Mobile Mini reported Q4 2019 results, featuring a merger announcement and strong financial performance.

WillScot Corporation reported an 8.0% increase in revenues to $278.0 million for Q4 2019, driven by growth in core leasing and services. The company's net income increased by $19.3 million to $8.9 million, and free cash flow increased by $63.8 million to $43.7 million, marking a transition to net profitability and cash generation. WillScot also announced a merger with Mobile Mini.

  • Revenues increased by 8.0% year over year to $278.0 million.
  • Modular space average monthly rental rate increased by 14.1% year over year.
  • Adjusted EBITDA increased by 33.6% year over year to $98.2 million.
  • Free Cash Flow increased by $63.8 million year over year to $43.7 million.

Headline financials

Total Revenue

$278M

Previous: $257M+8.0%
EPS (adj)

$0.07

Previous: -$0.11+163.6%
Capital Expenditures

$1.74M

Previous: $1.53M+13.7%
Free Cash Flow

$43.7M

Previous: $20M+118.1%
Net Income

$8.9M

Previous: -$9.57M+193.0%
Operating Income

$118M

Previous: -$4.3M+2831.2%
Gross Profit

$101M

Previous: $103M-1.5%
Cash & Equivalents

$3.05M

Previous: $8.96M-66.0%
Total Assets

$2.9B

Previous: $2.75B+5.3%
Stock-Based Comp

$1.68M

Previous: $1.21M+38.6%

Revenue & EPS history

WillScot Mobile Mini · Revenue · Quarterly

$278M

Q4 2019+8%vs Q4 2018
Beat estimate in 5 of 10 quarters(50%)
ActualEstimate

Revenue by segment

WillScot Mobile Mini · $1.06B total across 4 segments · Q4 2019

  • Modular space leasing
    $744M
  • Delivery and installation
    $220M
  • New unit sales
    $59.1M
  • Rental unit sales
    $40.3M

Forward guidance

WillScot provided its 2020 outlook, including total revenue between $1.1 billion and $1.2 billion, adjusted EBITDA between $410 million and $430 million, and net CAPEX between $160 million and $180 million.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2019

Historical avgQ4 2019

-0.3%

Avg return

Earnings day

-0.9%

Avg return

5 days after

-0.6%

Avg return

30 days after

43%

17 / 40 earnings

Positive

+10.4%

Q2 2020

Best reaction

-15.4%

Q3 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.2%+11.2%+12.5%
Q4 2025+3.0%-1.1%-23.0%
Q3 2025-1.4%-5.6%-10.9%
Q1 2025+6.5%+3.4%+5.2%
Q4 2024-8.8%-12.1%-23.1%
Q3 2024-15.4%-5.9%-2.4%
Q2 2024-13.4%-15.4%-6.0%
Q1 2024+2.0%+7.0%+7.7%
Q4 2023-2.9%-3.7%-6.9%
Q3 2023-10.0%-9.7%+8.0%
Q2 2023-12.1%-11.8%-15.1%
Q1 2023+4.7%+4.8%+3.8%
Q4 2022-5.1%-3.1%-13.0%
Q3 2022+5.2%+6.9%+12.6%
Q2 2022+5.9%+7.0%+3.8%
Q1 2022+2.2%-0.3%+3.9%
Q4 2021+4.0%-4.1%+10.5%
Q3 2021+4.1%+8.7%+13.4%
Q2 2021+1.2%-0.7%+3.7%
Q1 2021-2.7%-5.2%-3.6%
Q4 2020+0.4%-1.5%-0.9%
Q3 2020+9.5%+14.3%+17.0%
Q2 2020+10.4%+10.7%+7.8%
Q1 2020-5.7%-7.5%+14.5%
Q4 2019-5.9%-16.5%-45.3%
Q3 2019-0.2%+1.3%+8.4%
Q2 2019-2.9%-11.7%-12.4%
Q1 2019+6.5%+1.5%+0.1%
Q4 2018+7.0%+5.3%+14.7%
Q3 2018+6.4%+1.2%-21.5%
Q2 2018-2.7%-1.5%+4.9%
Q1 2018-1.2%-0.8%-5.9%
Q2 2017-1.5%-1.1%-1.1%
Q3 2017+0.0%-1.0%+14.4%
Q1 2017+0.0%+0.5%+0.2%
Q2 2016+0.0%+0.5%+0.5%
Q4 2016+0.0%+0.5%+0.5%
Q3 2016-0.5%+0.0%+0.0%
Q4 2015+0.0%
Q3 2015-0.3%

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