WillScot Holdings Corp
For the period ended Jun 30, 2025. Filed Jul 31, 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.
Jun 30, 2025 · Filed Jul 31, 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 EndedJune 30, | Six Months EndedJune 30, | |||
|---|---|---|---|---|
| (in thousands, except share and per share amounts) | 2025 | 2024 | 2025 | 2024 |
| Revenues: | ||||
| Leasing and services revenue: | ||||
| Leasing | $442,916 | $458,592 | $877,306 | $919,193 |
| Delivery and installation | 108,452 | 108,147 | 197,113 | 208,509 |
| Sales revenue: | ||||
| New units | 21,620 | 21,378 | 44,057 | 34,877 |
| Rental units | 16,095 | 16,473 | 30,158 | 29,192 |
| Total revenues | 589,083 | 604,590 | 1,148,634 | 1,191,771 |
| Costs: | ||||
| Costs of leasing and services: | ||||
| Leasing | 95,338 | 98,248 | 183,408 | 200,642 |
| Delivery and installation | 88,154 | 81,170 | 161,950 | 159,012 |
| Costs of sales: | ||||
| New units | 13,552 | 13,358 | 28,750 | 21,631 |
| Rental units | 7,525 | 9,085 | 15,694 | 15,961 |
| Depreciation of rental equipment | 88,444 | 75,611 | 162,396 | 150,519 |
| Gross profit | 296,070 | 327,118 | 596,436 | 644,006 |
| Other operating expenses: | ||||
| Selling, general and administrative | 145,023 | 180,793 | 302,169 | 349,107 |
| Other depreciation and amortization | 24,188 | 18,135 | 47,328 | 36,055 |
| Impairment loss on intangible asset | — | 132,540 | — | 132,540 |
| Currency (gains) losses, net | (79) | (42) | 144 | 35 |
| Other expense, net | 38 | 924 | 461 | 1,555 |
| Operating income (loss) | 126,900 | (5,232) | 246,334 | 124,714 |
| Interest expense, net | 58,977 | 55,548 | 117,446 | 112,136 |
| Income (loss) before income tax | 67,923 | (60,780) | 128,888 | 12,578 |
| Income tax expense (benefit) | 19,984 | (13,929) | 37,894 | 3,189 |
| Net income (loss) | $47,939 | $(46,851) | $90,994 | $9,389 |
| Earnings (loss) per share: | ||||
| Basic | $0.26 | $(0.25) | $0.50 | $0.05 |
| Diluted | $0.26 | $(0.25) | $0.49 | $0.05 |
| Weighted average shares: | ||||
| Basic | 182,468,243 | 189,680,091 | 183,071,055 | 189,908,812 |
| Diluted | 183,439,165 | 189,680,091 | 184,367,127 | 192,409,616 |
Condensed Consolidated Statements of Comprehensive Income (Loss)
| Three Months EndedJune 30, | Six Months EndedJune 30, | |||
|---|---|---|---|---|
| (in thousands) | 2025 | 2024 | 2025 | 2024 |
| Net income (loss) | $47,939 | $(46,851) | $90,994 | $9,389 |
| Other comprehensive income (loss): | ||||
| Foreign currency translation adjustment, net of income tax expense of $0 | 16,278 | (4,154) | 16,439 | (9,702) |
| Net (loss) gain on derivatives, net of income tax (benefit) expense of $(1,298) and $535 for the three months ended June 30, 2025 and 2024, respectively, and $(3,991) and $5,050 for the six months ended June 30, 2025 and 2024, respectively | (3,922) | 1,624 | (12,063) | 15,164 |
| Total other comprehensive income (loss) | 12,356 | (2,530) | 4,376 | 5,462 |
| Total comprehensive income (loss) | $60,295 | $(49,381) | $95,370 | $14,851 |
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