WillScot Holdings Corporation reported its first quarter 2025 financial results, demonstrating a decrease in sales to $559.6 million from $587.2 million in the same period in 2024. The company's net income also declined to $43.1 million, compared to $56.2 million the previous year. Adjusted net income was reported at $43.8 million, down from $68 million in the first quarter of 2024. Adjusted EBITDA stood at $228.8 million, a decrease from $248 million year-over-year. The gross profit margin slightly decreased to 53.7% from 54.0%, and the adjusted EBITDA margin fell to 40.9% from 42.2%. The diluted earnings per share were $0.23, down from $0.29 in the prior year. The company also highlighted its continued investment in its fleet to support customer needs and reaffirmed its full-year outlook for 2025. WillScot returned $45 million to shareholders through share repurchases and dividends, reflecting its commitment to enhancing shareholder value.
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