WSC Earnings Prediction
The chart below shows how WSC performed 10 days before and after its earnings report, based on data from the past quarters. Typically, WSC sees a -1.85% change in stock price 10 days leading up to the earnings, and a -0.06% change 10 days following the report. On the earnings day itself, the stock moves by -0.89%. This data can give you a slight idea of what to expect for the next quarter's release.
WSC Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
601.43M
-0.56%
-0.52%
Gross Margin
49.61%
-6.77%
-2.93%
Operating Margin
24.74%
-16.76%
9.52%
Net Margin
-11.72%
-177.46%
51.23%
EPS
-0.37
-180.43%
48.00%
No Data Available
WSC Earnings Analysis
WillScot Mobile Mini Holdings Corp. Class A Common Stock Corporation (WSC.O) Earnings Conference Call
Positive
Record Adjusted EBITDA Margins: Adjusted EBITDA margins reached record levels at 44.4%.
Record Cash Flow and Returns: Adjusted free cash flow and return on invested capital were also at record levels.
Strong Q3 Performance: The company executed well in Q3 despite a challenging market environment.
Free Cash Flow Increase: Free cash flow per share increased by 13% to $3.12 over the last 12 months.
Strong Demand and Customer Sentiment: The company has continued to see steady demand from larger projects and strong customer sentiment among national accounts.
Negative
Non-Residential Construction Trends: Non-residential construction starts square footage was up 14% year-over-year in the quarter and are now tracking 15% below 2019 levels.
Order Activity Delays: We saw delays in a lot of the encouraging order activity in our pipeline in Q2, which both impacted the quarter and makes us more cautious towards the end of the year.
Revenue Decline Analysis: Revenue of $601 million declined 1% year-over-year, driven primarily by volume headwinds impacting both storage leasing revenues and delivery and installation revenues, which were down 13% and 1%, respectively.
Broken Deal Costs Impact: We incurred approximately $203 million of broken deal costs, including the McGrath termination fee, and we have backed these out of the adjusted financial metrics to isolate our operating performance.
Share Count Reduction and Returns: We have reduced our share count by approximately 3.3% and returned $286 million to shareholders.
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WSC Earning Call Sentiment
WillScot Holdings Corporation (WSC) Q3 2024 Earnings Call Transcript
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WSC.O
0.24%Positive
The earnings call summary and Q&A reveal mixed signals. Financial performance shows slight revenue decline but stable EBITDA and strong free cash flow growth. Positive shareholder return plans and increased repurchase authority are offset by volume headwinds in storage leasing and unclear guidance on pricing and recovery timelines. The Q&A session highlighted concerns about volume headwinds and vague management responses, slightly dampening sentiment. Overall, the mixed financial results, cautious guidance, and shareholder returns suggest a neutral outlook for the stock price in the short term.