Jun 2026 (Q2 FY26) — Aug 6, 2026
WillScot Q2 FY26 — Organic Growth Achieved Amidst Strong Large Project Demand
Read the full callWillScot (WSC) earnings
- Jun 2026
- Jun 2026 (Q2 FY26)
- Dec 2025
WillScot earnings: last reported Thu, 6 Aug 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 612 | +3.9% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 19.2 | −2.3 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 47.0 | −2.0% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
Guidance
What management said, and what became of it
15 of 17 judged targets kept · 15 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Q2 FY26 adjusted EBITDA guidance | approximately $223 million | Mar 2026 | Adjusted EBITDA for the quarter was $228 million, exceeding our outlook of $223 million | Achieved |
| FY26 adjusted EBITDA guidance | approximately $900 million | Dec 2025 | We have increased our adjusted EBITDA outlook to approximately $920 million | Revised Up |
| FY26 enterprise accounts revenue growth guidance | mid- to high single-digit revenue growth | Dec 2025 | enterprise account revenue up 21% year-over-year in the quarter | On Track |
2 of WillScot Holdings Corp's 32 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 29 more targets are in the full ledger.
Claimed
- Achieved organic top-line growth in Q2 FY26, a key priority for the year.
- Total revenue increased 4% year-over-year to $612 million.
- Modular activations were up 16% year-over-year, with modular pending orders up 13% year-over-year.
- Enterprise account revenue grew 21% year-over-year in the quarter.
- Adjusted EBITDA of $228 million exceeded the company's outlook of $223 million.
Qualified
- Overall nonresidential construction square footage is still declining.
- Adjusted EBITDA margin compressed by 500 basis points year-over-year to 37.2% due to upfront investments and revenue mix.
- Headwinds persist among more transactional product lines, particularly in portable storage units on rent.
- Free cash flow was down year-over-year in Q2 due to increased capital expenditures.
- The World Cup event contributed 750 units on rent growth, which will not recur.
Price
$16.38 +1.17% · +$0.19
Performance −25.9% 1Y
1Y: $22.1 on 14 Oct 2025 → $16.38. High $29.07 (25 Jun 2026), low $14.98 (19 Nov 2025).
- Previous close
- $16.19
- 52-week range
- $14.98 – $29.07
- One year
- −25.88%
Overview
- Symbol
- WSC
- Sector
- Industrials
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
15 of 17 judged targets kept · 15 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Q2 FY26 adjusted EBITDA guidance | approximately $223 million | Mar 2026 | Adjusted EBITDA for the quarter was $228 million, exceeding our outlook of $223 million | Achieved |
| FY26 adjusted EBITDA guidance | approximately $900 million | Dec 2025 | We have increased our adjusted EBITDA outlook to approximately $920 million | Revised Up |
| FY26 enterprise accounts revenue growth guidance | mid- to high single-digit revenue growth | Dec 2025 | enterprise account revenue up 21% year-over-year in the quarter | On Track |
Claimed
- Achieved organic top-line growth in Q2 FY26, a key priority for the year.
- Total revenue increased 4% year-over-year to $612 million.
- Modular activations were up 16% year-over-year, with modular pending orders up 13% year-over-year.
- Enterprise account revenue grew 21% year-over-year in the quarter.
- Adjusted EBITDA of $228 million exceeded the company's outlook of $223 million.
Qualified
- Overall nonresidential construction square footage is still declining.
- Adjusted EBITDA margin compressed by 500 basis points year-over-year to 37.2% due to upfront investments and revenue mix.
- Headwinds persist among more transactional product lines, particularly in portable storage units on rent.
- Free cash flow was down year-over-year in Q2 due to increased capital expenditures.
- The World Cup event contributed 750 units on rent growth, which will not recur.
The full ledger
Open WillScot Holdings Corp’s full ledger
A free account opens 5 company ledgers a month. All 32 tracked commitments, with each call’s wording and source.
Call summaries
Mar 2026 (Q1 FY26) — May 7, 2026
WillScot Holdings Corporation Q1 FY26 — Strong Project Activity Drives Raised Outlook
Read the full callEvery analysed call
WillScot earnings calls (WSC)
Financials
What the filings say
Net profit, year on year: −2% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 601 | 603 | 560 | 589 | 567 | 566 | 549 | 612 |
| Operating profit | -35 | 174 | 119 | 127 | 119 | -184 | 97 | 117 |
| Operating margin | −5.9% | 28.9% | 21.3% | 21.5% | 21.0% | −32.5% | 17.6% | 19.2% |
| Interest | 56 | — | — | — | — | — | — | — |
| Profit before tax | -91 | 115 | 61 | 68 | 60 | -245 | 43 | 64 |
| Net profit | -70 | 89 | 43 | 48 | 43 | -187 | 28 | 47 |
| EPS ($ per share) | -0.37 | — | 0.23 | 0.26 | 0.24 | — | 0.16 | 0.26 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | — | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Reserves | -1,683 | -1,825 | -1,751 | -1,591 | -1,252 | -775 | -747 | -800 |
| Total liabilities | 2,050 | 2,342 | 3,508 | 3,777 | 4,262 | 4,877 | 5,016 | 4,960 |
| Fixed assets | 184 | — | 304 | 312 | 305 | 341 | 363 | 390 |
| Total assets | 2,752 | 2,898 | 5,572 | 5,774 | 5,828 | 6,138 | 6,035 | 5,816 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 37 | 173 | 305 | 540 | 745 | 761 | 562 | 762 |
| Cash from investing | -1,217 | -153 | -125 | -384 | -309 | -350 | -362 | -417 |
| Cash from financing | 1,180 | -26 | -159 | -168 | -429 | -419 | -200 | -341 |
| Net cash flow | -0 | -6 | 22 | -12 | 5 | -7 | -2 | 6 |
| Capital expenditure | -5 | -8 | -16 | -30 | -44 | -22 | -18 | -24 |
| Free cash flow | 33 | 164 | 288 | 509 | 701 | 739 | 543 | 738 |
WSC revenue by segment
| Segment | Q2 FY2024 | Q3 FY2024 | Q4 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q1 FY2026 | Q2 FY2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Reportable | — | — | — | — | 100% | 100% | 100% | 100% | +3.9% |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
Revenue by region
Q2 FY2026 · share of revenue
- CA 5%
- MX 1%
As WSC cuts its regions in its filings; they can nest, so they need not add to 100%.
Insider filings
53 filings between Nov 13, 2025 and Oct 7, 2026.
Open market
decisions to buy or sellPurchases
None
No insider bought shares.
Sales
$4.21M
3 sales by 1 insider
Compensation
not trading decisions- 9
- Award — granted as compensation
- 17
- Option exercise — converted options into shares
- 17
- Tax withheld — shares kept back by the company to cover tax
Also filed: 4 other filings, 3 gifts.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Soultz Bradley Lee | — | $4.21M | May 13, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Oct 7, 2026 | SLAGER DONALD W Director | Award | 6,397 | $0 |
| Sep 4, 2026 | JACKMAN WORTHING Director | Tax withheld | 10,736 | $214.5K |
| Sep 4, 2026 | JACKMAN WORTHING Director | Option exercise | 25,652 | — |
| Jul 1, 2026 | Boswell Timothy D President & CEO | Tax withheld | 97,651 | $2.67M |
| Jul 1, 2026 | Boswell Timothy D President & CEO | Option exercise | 233,334 | — |
| Jun 4, 2026 | Zarcone Dominick P Director | Award | 6,317 | $0 |
| Jun 4, 2026 | Upchurch Michael W Director | Award | 6,317 | $0 |
| Jun 4, 2026 | Holthaus Gerard E Director | Award | 6,317 | $0 |
| Jun 4, 2026 | SAGANSKY JEFFREY Director | Award | 6,317 | $0 |
| Jun 4, 2026 | Johnson Natalia Director | Award | 6,317 | $0 |
| Jun 4, 2026 | Owen Rebecca L Director | Award | 6,317 | $0 |
| Jun 4, 2026 | DAVIS ERIKA T Director | Award | 6,317 | $0 |
| May 13, 2026 | Soultz Bradley Lee Director | Sale | 4,317 | $111.9K |
| May 12, 2026 | Soultz Bradley Lee Director | Sale | 65,043 | $1.76M |
| May 12, 2026 | Soultz Bradley Lee Director | Other | 37,054 | — |
| May 12, 2026 | Soultz Bradley Lee Director | Other | 37,054 | — |
| May 12, 2026 | Soultz Bradley Lee Director | Sale | 86,421 | $2.33M |
| May 12, 2026 | Soultz Bradley Lee Director | Gift | 39,791 | — |
| May 12, 2026 | Soultz Bradley Lee Director | Gift | 39,791 | — |
| Mar 1, 2026 | Soultz Bradley Lee Director | Tax withheld | 2,807 | $60.7K |
| Mar 1, 2026 | Jacobsen Matthew T Chief Financial Officer | Tax withheld | 403 | $8.7K |
| Mar 1, 2026 | Boswell Timothy D President & CEO | Tax withheld | 1,591 | $34.4K |
| Mar 1, 2026 | Soultz Bradley Lee Director | Option exercise | 9,499 | — |
| Mar 1, 2026 | Boswell Timothy D President & CEO | Option exercise | 3,800 | — |
| Mar 1, 2026 | Jacobsen Matthew T Chief Financial Officer | Option exercise | 862 | — |
| Feb 24, 2026 | Soultz Bradley Lee Director | Tax withheld | 1,965 | $46.6K |
| Feb 24, 2026 | Soultz Bradley Lee Director | Option exercise | 9,569 | — |
| Feb 24, 2026 | Soultz Bradley Lee Director | Option exercise | 6,651 | — |
| Feb 24, 2026 | Soultz Bradley Lee Director | Tax withheld | 2,416 | $55.1K |
| Feb 24, 2026 | Soultz Bradley Lee Director | Tax withheld | 2,880 | $68.3K |
| Feb 24, 2026 | Soultz Bradley Lee Director | Option exercise | 6,933 | — |
| Feb 24, 2026 | Boswell Timothy D President & CEO | Option exercise | 2,660 | — |
| Feb 24, 2026 | Jacobsen Matthew T Chief Financial Officer | Tax withheld | 992 | $23.5K |
| Feb 24, 2026 | Boswell Timothy D President & CEO | Tax withheld | 1,131 | $26.8K |
| Feb 24, 2026 | Jacobsen Matthew T Chief Financial Officer | Option exercise | 2,126 | — |
| Feb 24, 2026 | Jacobsen Matthew T Chief Financial Officer | Tax withheld | 282 | $6.7K |
| Feb 24, 2026 | Jacobsen Matthew T Chief Financial Officer | Option exercise | 603 | — |
| Feb 24, 2026 | Gorcyca Felicia Chief Human Resources Officer | Tax withheld | 505 | $12.0K |
| Feb 24, 2026 | Gorcyca Felicia Chief Human Resources Officer | Option exercise | 1,594 | — |
| Feb 24, 2026 | Boswell Timothy D President & CEO | Tax withheld | 2,206 | $52.3K |
| Feb 24, 2026 | Boswell Timothy D President & CEO | Option exercise | 4,678 | — |
| Feb 22, 2026 | Boswell Timothy D President & COO | Tax withheld | 1,308 | $29.8K |
| Feb 22, 2026 | Jacobsen Matthew T Chief Financial Officer | Option exercise | 899 | — |
| Feb 22, 2026 | Gorcyca Felicia Chief Human Resources Officer | Tax withheld | 366 | $8.3K |
| Feb 22, 2026 | Boswell Timothy D President & COO | Option exercise | 2,773 | — |
| Feb 22, 2026 | Jacobsen Matthew T Chief Financial Officer | Tax withheld | 420 | $9.6K |
| Feb 22, 2026 | Gorcyca Felicia Chief Human Resources Officer | Option exercise | 1,156 | — |
| Dec 31, 2025 | Soultz Bradley Lee Chief Executive Officer | Tax withheld | 79,050 | $1.49M |
| Dec 31, 2025 | Soultz Bradley Lee Chief Executive Officer | Option exercise | 300,000 | — |
| Dec 31, 2025 | Soultz Bradley Lee Chief Executive Officer | Award | 3,295 | $0 |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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