WillScot Holdings Corporation reported record revenues of $2,396 million for the full year 2024, representing a 1.3% increase from fiscal year 2023. Adjusted EBITDA reached $1,063 million for the full year. For the fourth quarter of 2024, Adjusted EBITDA margins were 47.3%, and Adjusted Free Cash Flow was $137 million, achieving a 22.7% margin.
The company reported fourth-quarter net income of $89.2 million, or $0.48 per share, with adjusted earnings per share of $0.49. These results were achieved despite consistent end-market headwinds, underscoring the resilience of WillScot's business model and operational flexibility.
For the full year 2025, WillScot provided an outlook with revenue at a midpoint of $2.38 billion and Adjusted EBITDA at a midpoint of $1,063 million. This guidance reflects an uncertain macroeconomic backdrop but anticipates modest top-line growth in the second half of the year.
The company's outlook also reflects its ability to flex its cost structure as the macro environment changes. Management sees numerous organic and inorganic investment opportunities that are expected to drive increasing leasing revenue into 2026, focusing on growth and shareholder value creation.
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