WillScot Holdings Corp
For the period ended Mar 31, 2025. Filed May 1, 2025.
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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, 2025 · Filed May 1, 2025
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
Condensed Consolidated Statements of Operations
| Three Months EndedMarch 31, | ||
|---|---|---|
| (in thousands, except share data) | 2025 | 2024 |
| Revenues: | ||
| Leasing and services revenue: | ||
| Leasing | $434,390 | $460,601 |
| Delivery and installation | 88,661 | 100,362 |
| Sales revenue: | ||
| New units | 22,437 | 13,499 |
| Rental units | 14,063 | 12,719 |
| Total revenues | 559,551 | 587,181 |
| Costs: | ||
| Costs of leasing and services: | ||
| Leasing | 88,070 | 102,394 |
| Delivery and installation | 73,796 | 77,842 |
| Costs of sales: | ||
| New units | 15,198 | 8,273 |
| Rental units | 8,169 | 6,876 |
| Depreciation of rental equipment | 73,952 | 74,908 |
| Gross profit | 300,366 | 316,888 |
| Other operating expenses: | ||
| Selling, general and administrative | 157,146 | 168,314 |
| Other depreciation and amortization | 23,140 | 17,920 |
| Currency losses, net | 223 | 77 |
| Other expense, net | 423 | 631 |
| Operating income | 119,434 | 129,946 |
| Interest expense, net | 58,469 | 56,588 |
| Income before income tax | 60,965 | 73,358 |
| Income tax expense | 17,910 | 17,118 |
| Net income | $43,055 | $56,240 |
| Earnings per share: | ||
| Basic | $0.23 | $0.30 |
| Diluted | $0.23 | $0.29 |
| Weighted average shares: | ||
| Basic | 183,680,565 | 190,137,533 |
| Diluted | 185,301,787 | 193,065,392 |
Condensed Consolidated Statements of Comprehensive Income
| Three Months EndedMarch 31, | ||
|---|---|---|
| (in thousands) | 2025 | 2024 |
| Net income | $43,055 | $56,240 |
| Other comprehensive (loss) income: | ||
| Foreign currency translation adjustment, net of income tax expense of $0. | 161 | (5,548) |
| Net (loss) gain on derivatives, net of income tax (benefit) expense of $(2,693) and $4,515 for the three months ended March 31, 2025 and 2024, respectively. | (8,141) | 13,540 |
| Total other comprehensive (loss) income | (7,980) | 7,992 |
| Total comprehensive income | $35,075 | $64,232 |
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