WillScot Q4 Revenue Beats by 3.9% but EPS Drops 12.9%
WillScot posted $565.97 million in Q4 revenue, beating estimates by 3.9% but down 6.1% year-over-year, while EPS of $0.29 missed forecasts by 12.9% and fell from $0.49 a year earlier. Leasing revenue declined 5.9% to $437.49 million, with delivery and installation at $93.26 million.
1. Q4 Financial Results
WillScot reported Q4 revenue of $565.97 million, down 6.1% year-over-year but 3.94% above estimates, and delivered EPS of $0.29, a 12.91% shortfall from consensus and a decline from $0.49 a year earlier.
2. Segment Performance
Leasing and services revenue fell 5.9% to $437.49 million against estimates of $426.38 million, delivery and installation revenue dropped 2.5% to $93.26 million, and sales revenue for new units plunged 28.7% to $15.51 million.
3. Investor Outlook
Shares rose 2.2% over the past month; however, a Zacks Rank #4 reflects underperformance expectations. Consensus projects $0.20 EPS on $525.9 million next quarter and $1.14 on $2.19 billion full-year revenue.