WillScot Holdings Corp
For the period ended Sep 30, 2025. Filed Nov 6, 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.
Sep 30, 2025 · Filed Nov 6, 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 (Unaudited)
| Three Months EndedSeptember 30, | Nine Months EndedSeptember 30, | |||
|---|---|---|---|---|
| (in thousands, except share and per share amounts) | 2025 | 2024 | 2025 | 2024 |
| Revenues: | ||||
| Leasing and services revenue: | ||||
| Leasing | $434,224 | $455,578 | $1,311,530 | $1,374,771 |
| Delivery and installation | 98,517 | 114,765 | 295,630 | 323,274 |
| Sales revenue: | ||||
| New units | 18,370 | 17,850 | 62,427 | 52,727 |
| Rental units | 15,730 | 13,239 | 45,888 | 42,431 |
| Total revenues | 566,841 | 601,432 | 1,715,475 | 1,793,203 |
| Costs: | ||||
| Costs of leasing and services: | ||||
| Leasing | 97,551 | 96,050 | 280,959 | 296,692 |
| Delivery and installation | 82,058 | 91,775 | 244,008 | 250,787 |
| Costs of sales: | ||||
| New units | 13,806 | 9,665 | 42,556 | 31,296 |
| Rental units | 8,174 | 6,246 | 23,868 | 22,207 |
| Depreciation of rental equipment | 83,634 | 76,212 | 246,030 | 226,731 |
| Gross profit | 281,618 | 321,484 | 878,054 | 965,490 |
| Other operating expenses: | ||||
| Selling, general and administrative | 137,699 | 153,343 | 439,868 | 502,450 |
| Other depreciation and amortization | 24,424 | 23,108 | 71,752 | 59,163 |
| Termination fee | — | 180,000 | — | 180,000 |
| Impairment loss on intangible asset | — | — | — | 132,540 |
| Currency losses (gains), net | 100 | (129) | 244 | (94) |
| Other expense, net | 589 | 380 | 1,050 | 1,935 |
| Operating income (loss) | 118,806 | (35,218) | 365,140 | 89,496 |
| Interest expense, net | 58,466 | 55,823 | 175,912 | 167,959 |
| Income (loss) before income tax | 60,340 | (91,041) | 189,228 | (78,463) |
| Income tax expense (benefit) | 17,008 | (20,566) | 54,902 | (17,377) |
| Net income (loss) | $43,332 | $(70,475) | $134,326 | $(61,086) |
| Earnings (loss) per share: | ||||
| Basic | $0.24 | $(0.37) | $0.74 | $(0.32) |
| Diluted | $0.24 | $(0.37) | $0.73 | $(0.32) |
| Weighted average shares outstanding: | ||||
| Basic | 182,003,961 | 188,281,346 | 182,711,448 | 189,362,364 |
| Diluted | 182,772,186 | 188,281,346 | 183,831,571 | 189,362,364 |
Condensed Consolidated Statements of Comprehensive Income (Loss) (Unaudited)
| Three Months EndedSeptember 30, | Nine Months EndedSeptember 30, | |||
|---|---|---|---|---|
| (in thousands) | 2025 | 2024 | 2025 | 2024 |
| Net income (loss) | $43,332 | $(70,475) | $134,326 | $(61,086) |
| Other comprehensive (loss) income: | ||||
| Foreign currency translation adjustments, net of income tax expense of $0 | (5,820) | 1,952 | 10,619 | (7,750) |
| Net loss on derivatives, net of income tax benefit of $236 and $8,183 for the three months ended September 30, 2025 and 2024, respectively, and $4,227 and $3,134 for the nine months ended September 30, 2025 and 2024, respectively | (712) | (24,570) | (12,775) | (9,406) |
| Total other comprehensive loss | (6,532) | (22,618) | (2,156) | (17,156) |
| Total comprehensive income (loss) | $36,800 | $(93,093) | $132,170 | $(78,242) |
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