WillScot Mobile Mini Holdings Corp
For the period ended Mar 31, 2024. Filed May 2, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 2, 2024
WSC$19.89-3.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Operations for the and
Condensed Consolidated Statements of Operations
| Three Months Ended March 31, | ||
|---|---|---|
| (in thousands, except share data) | 2024 | 2023 |
| Revenues: | ||
| Leasing and services revenue: | ||
| Leasing | $460,601 | $439,951 |
| Delivery and installation | 100,362 | 106,630 |
| Sales revenue: | ||
| New units | 13,499 | 10,657 |
| Rental units | 12,719 | 8,230 |
| Total revenues | 587,181 | 565,468 |
| Costs: | ||
| Costs of leasing and services: | ||
| Leasing | 102,394 | 97,515 |
| Delivery and installation | 77,842 | 75,007 |
| Costs of sales: | ||
| New units | 8,273 | 6,208 |
| Rental units | 6,876 | 4,454 |
| Depreciation of rental equipment | 74,908 | 59,156 |
| Gross profit | 316,888 | 323,128 |
| Other operating expenses: | ||
| Selling, general and administrative | 167,568 | 150,870 |
| Other depreciation and amortization | 17,920 | 17,173 |
| Lease impairment expense and other related charges | 746 | 22 |
| Currency losses, net | 77 | 6,775 |
| Other expense (income), net | 631 | (3,359) |
| Operating income | 129,946 | 151,647 |
| Interest expense, net | 56,588 | 44,866 |
| Income from continuing operations before income tax | 73,358 | 106,781 |
| Income tax expense from continuing operations | 17,118 | 30,510 |
| Income from continuing operations | 56,240 | 76,271 |
| Discontinued operations: | ||
| Income from discontinued operations before income tax | — | 4,003 |
| Gain on sale of discontinued operations | — | 176,078 |
| Income tax expense from discontinued operations | — | 45,468 |
| Income from discontinued operations | — | 134,613 |
| Net income | $56,240 | $210,884 |
| Earnings per share from continuing operations: | ||
| Basic | $0.30 | $0.37 |
| Diluted | $0.29 | $0.36 |
| Earnings per share from discontinued operations: | ||
| Basic | $— | $0.65 |
| Diluted | $— | $0.64 |
| Earnings per share: | ||
| Basic | $0.30 | $1.02 |
| Diluted | $0.29 | $1.00 |
| Weighted average shares: | ||
| Basic | 190,137,533 | 206,092,169 |
| Diluted | 193,065,392 | 209,663,985 |
Condensed Consolidated Statements of Comprehensive Income
| Three Months EndedMarch 31, | ||
|---|---|---|
| (in thousands) | 2024 | 2023 |
| Net income | $56,240 | $210,884 |
| Other comprehensive income (loss): | ||
| Foreign currency translation adjustment, net of income tax expense of $0. | (5,548) | 7,934 |
| Net gain (loss) on derivatives, net of income tax expense (benefit) of $4,515 and $(222) for the three months ended March 31, 2024 and 2023, respectively. | 13,540 | (667) |
| Total other comprehensive income | 7,992 | 7,267 |
| Total comprehensive income | $64,232 | $218,151 |
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