WillScot: Q1 Earnings Insights

Shares of WillScot WSC were unaffected at $11.65 after the company reported Q1 results.

Quarterly Results

Earnings per share increased 66.67% year over year to ($0.03), which missed the estimate of $0.09.

Revenue of $255,821,000 up by 0.32% from the same period last year, which missed the estimate of $258,490,000.

Looking Ahead

WillScot lowered FY20 sales guidance from $1.1 billion-$1.2 billion to $1 billion-$1.1 billion. 

The company lowered FY20 adjusted EBITDA forecast from $410 million-$430 million to $350 million-$400 million.

How To Listen To The Conference Call

Date: May 01, 2020

Time: 12:00 PM ET

Webcast URL: https://edge.media-server.com/mmc/p/j37rdzs2

Price Action

Company's 52-week high was at $19.79

52-week low: $7.45

Price action over last quarter: down 29.39%

Company Overview

WillScot Corp operates in the specialty rental services market providing modular space and portable storage solutions for construction, education, healthcare, government, retail, commercial, transportation, security and energy sectors. The company's modular leasing and sales business is comprised of two operating segments: US and Other North America. The US modular operating segment consists of the contiguous 48 states and Hawaii. The Other North America operating segment consists of Alaska, Canada and Mexico.