WillScot Holdings Corporation announced first quarter 2025 revenues of $560 million and Adjusted EBITDA of $229 million, both consistent with expectations. The company generated $145 million of Adjusted Free Cash Flow, achieving a 26% margin, demonstrating strong cash generation.
The company reaffirmed its previously issued full year 2025 outlook, indicating confidence in its financial projections despite macroeconomic uncertainty. WillScot's pending order book was up 7% year-over-year, supporting expected new lease activation levels in the second quarter.
WillScot returned $45 million to shareholders during the quarter through share repurchases and quarterly cash dividends. The company also invested $62 million of Net CAPEX in its fleet to support customer demand and future growth priorities, balancing capital allocation.
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