WillScot lifts 2026 Adjusted EBITDA forecast to $920 mln
Company increases 2026 Net CAPEX outlook to $375 mln
Revenue growth drivers
Large projects and events - Growth in delivery and installation revenue was driven by large complex installation activity and a significant event project
Modular unit activation - Year-over-year modular unit activation growth and a return to leasing revenue growth were attributed to large project and event activity, and enterprise accounts and verticals strategies
Elevated variable costs - Margin performance reflected higher variable costs supporting modular space unit activation growth and the revenue mix impact of increased delivery and installation revenue
Quarterly revenue beats estimates
US temporary space solutions provider's Q2 revenue grew, beating analyst expectations
Company raised 2026 outlook for revenue, Adjusted EBITDA and net CAPEX on commercial momentum
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 7 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the corporate financial services peer group is "buy"
Wall Street's median 12-month price target for WillScot Holdings Corporation is $29.00, about 9.2% above its August 5 closing price of $26.56
The stock recently traded at 22 times the next 12-month earnings vs. a P/E of 20 three months ago
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