WillScot Mobile Mini (NASDAQ:WSC) Misses Q3 Revenue Estimates, Stock Drops

• Revenue: $566.8 cardinal vs expert estimates of $580.3 cardinal (5.8% year-on-year decline, 2.3% miss)

• Adjusted EPS: $0.30 vs expert estimates of $0.29 (3.9% beat)

• Adjusted EBITDA: $243.3 cardinal vs expert estimates of $247.4 cardinal (42.9% margin, 1.6% miss)

• Revenue Guidance for Q4 CY2025 is $545 cardinal astatine the midpoint, beneath expert estimates of $583.8 million

• EBITDA guidance for the afloat year is $970 cardinal astatine the midpoint, beneath expert estimates of $995.3 million

• Operating Margin: 21%, up from -5.9% successful the aforesaid 4th past year

• Free Cash Flow was $122.2 million, up from -$3.81 cardinal successful the aforesaid 4th past year

• Market Capitalization: $3.79 billion

Brad Soultz, Chief Executive Officer of WillScot, commented, “Our 3rd 4th 2025 fiscal results were mixed. We delivered beardown currency flow, and the squad remains focused connected executing the maturation and operational excellence initiatives we outlined successful March astatine our 2025 Investor Day. Our lawsuit work squad made important advancement improving our collections processes wherever we are realizing meaningful improvements successful lawsuit restitution and dependable improvements successful days income outstanding, arsenic good arsenic a impermanent summation successful accounts receivable write-offs. Leasing revenues excluding write-offs were unchangeable sequentially, with favorable complaint and premix offsetting year-over-year measurement headwinds. With that interaction of accrued write-offs mostly confined to 2025, we are focused connected the areas successful our portfolio wherever we judge beardown request and our differentiated products and services volition thrust maturation into 2026, peculiarly successful Enterprise Accounts and much differentiated work offerings. With ongoing uncertainty astir the marketplace trajectory, we stay agile successful presumption of controlling what we tin control, specifically adjusting our outgo operation and implementing our operating betterment initiatives to support our escaped currency travel and instrumentality profile. I privation to convey our full squad for its steadfast dedication and hard-work which are the cornerstones to providing worth to our customers and shareholders.”