NASDAQ$WSC
WillScot Mobile Mini Holdings Corp. · Q4 2021 earnings
Q4 2021 earnings · · Investor relations
Briefing
WillScot Mobile Mini's financial performance in Q4 2021 showed revenue growth and strategic investments.
WillScot Mobile Mini Holdings reported a strong fourth quarter and full year 2021, driven by commercial momentum and strategic acquisitions. Q4 revenue reached $518 million, with net income of $74 million and Adjusted EBITDA of $211 million. The company reaffirmed its full-year 2022 Adjusted EBITDA outlook of $810 million to $850 million.
- Q4 revenue reached $518 million, net income was $74 million, and Adjusted EBITDA was $211 million.
- Invested $147 million in seven acquisitions during the second half of 2021, expanding storage and modular unit offerings.
- Generated $303 million in Free Cash Flow for the full year 2021, reinvesting for growth and returning capital to shareholders.
- Reaffirmed full-year 2022 Adjusted EBITDA outlook of $810 million to $850 million, reflecting robust demand across all end markets.
Headline financials
Revenue & EPS history
WillScot Mobile Mini · Revenue · Quarterly
$518M
Revenue by segment
WillScot Mobile Mini · $438M total across 4 segments · Q4 2021
- Modular space leasing$310M+14.4%70.7%
- Delivery and installation$99.8M—22.8%
- New unit sales$15.1M—3.4%
- Rental unit sales$13.2M—3.0%
Forward guidance
WillScot Mobile Mini reaffirmed its full-year 2022 Adjusted EBITDA outlook of $810 million to $850 million.
Tailwinds
- Confident in achieving the higher end of the revenue range.
- Expecting margins to expand as recent acquisitions ramp up.
- Investing in human capital to support top-line growth aspirations.
- Making specific investments in inventory and customer relationship management processes.
- Targeting a $500 million Free Cash Flow run-rate milestone in the second half of 2022.
Headwinds
- Recent acquisitions were dilutive to margins in Q4.
- Ongoing investments in human capital will impact margins.
- Specific investments in inventory and CRM technology will affect margins.
- The guidance is subject to risks and uncertainties.
- Information reconciling forward-looking Adjusted EBITDA to GAAP financial measures is unavailable without unreasonable effort.
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 2021
-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
| Quarter | Report date | Reaction (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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