WillScot Holdings Corporation Class A (WSC)

In November 2025, WillScot reported its Q3 results and issued a conservative full-year outlook, leading to a stock decline. Analyst ratings included DA Davidson maintaining a "Buy" rating, Morgan Stanley downgrading to "Equal-Weight", and Baird upgrading to "Outperform". In Q4 2025, revenue was down 2% year-over-year due to lower seasonal storage demand. On May 7, 2026, the company reported strong Q1 2026 results, surpassing expectations, with revenue of $549 million and an EPS of $0.21, causing the stock price to jump 18.8% on May 8, 2026. WillScot raised its full-year 2026 revenue outlook to $2.25 billion and its adjusted EBITDA forecast to $915 million. The stock price increased by 49.2% from $18.83 at the beginning of 2026 to $28.10 by May 8, 2026, trading between $14.91 and $31.88 over the past 52 weeks.

Demand for WillScot Holdings Corp.'s products and services exhibits seasonality, as seen in the Q4 2025 revenue being affected by lower seasonal storage demand and the updated 2025 outlook considering seasonal retail demand. The company anticipates a positive shift in leasing revenue during the second half of 2026, driven by improving commercial demand. WillScot serves diverse end markets, including construction, education, manufacturing, retail, healthcare, and entertainment, all of which can have varying demand cycles.

WillScot Holdings Corp. is a leading business services provider specializing in flexible workspace and portable storage solutions, operating in the Finance/Rental/Leasing sector and the Other Commercial Services industry. The company designs, delivers, and services on-site, on-demand space solutions, functioning as a rental company for temporary space and storage products. Its offerings include modular office complexes, mobile offices, classrooms, blast-resistant modules, clearspan structures, sanitation solutions, portable storage containers, and climate-controlled containers and trailers, along with furniture rental, transportation and logistics, storage and facilities services, and commercial real estate services.

WillScot Holdings Corp. operates across the United States, Canada, Mexico, and the United Kingdom, maintaining a network of approximately 260 to 280 branch locations and additional drop lots. As of December 31, 2024, WillScot managed a lease fleet comprising over 362,000 total units, including more than 152,000 modular space units and over 210,000 portable storage units.

In the past year, WillScot Holdings Corp. unified all its constituent brands under the single WillScot brand, introducing a new tagline, "Right From the Start," and launching an updated digital experience. The company is recognized as a premier provider of modular offices, storage containers, and related services, and no significant negative events impacting its brand reputation were identified.

WillScot Holdings Corp. is predominantly owned by institutional investors, with holdings ranging from approximately 51.05% to over 95%. Major institutional shareholders include Fmr Llc, BlackRock, Inc., Vanguard Group Inc, and JPMorgan Chase & Co. Insiders hold between 2.52% and 3.10% of the stock.