WILLSCOT MOBILE MINI Reports 16.4% Revenue Increase and 14.0% Net Income Increase in Q4 FY 2022

Earnings report

On February 21, 2023, WILLSCOT MOBILE MINI ($NASDAQ:WSC) reported its financial results for the fourth quarter of fiscal year 2022. During this quarter, they saw a 16.4% increase in total revenue, coming in at USD 86.4 million compared to the same period in the previous year.

Additionally, the company reported a 14.0% increase in net income compared to the same period, reaching USD 590.5 million. This quarter marks the sixth consecutive quarter of increasing revenue for WILLSCOT MOBILE MINI, with double digit growth in both total revenue and net income. These extraordinary results demonstrate the strength of WILLSCOT MOBILE MINI’s business model and its ability to capitalize on market opportunities.

Share Price

On Tuesday, WILLSCOT MOBILE MINI reported a 16.4% increase in revenues and 14.0% increase in net income for the fourth quarter of fiscal year 2022. The company’s stock opened at $51.6 and closed at $51.5, down by 0.7% from a previous closing price of 51.8. The increase can be attributed to higher than expected demand from customers and an improved focus on cost-efficiency initiatives. These initiatives included streamlining processes, automating certain procedures, and driving more customer loyalty through better customer service and more customer-friendly policies. WILLSCOT MOBILE MINI also experienced an increase in orders for its mobile mini products.

This was attributed to the company’s ability to keep up with the ever-changing needs of customers, as well as the introduction of new and innovative products. The results were praised by analysts and investors alike, who noted the impressive year-over-year growth in both sales and net income as a clear sign of the company’s progress. With continued focus on growing its customer base and product offerings, WILLSCOT MOBILE MINI appears poised to continue its success in the upcoming fiscal year. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for WSC. More…

Cash Flow Snapshot

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Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for WSC. More…

Key Ratios Snapshot

Some of the financial key ratios for WSC are shown below. More…

Analysis

At GoodWhale, we take a thorough approach to analyzing the financials of WILLSCOT MOBILE MINI. After our analysis, we have determined that WILLSCOT MOBILE MINI is a medium risk investment, both from a financial and business aspect. We have also detected two risk warnings in the income sheet and balance sheet. To view these warnings, please register for free on our website (goodwhale.com). We strive to give investors the best information and analysis tools to make well-informed decisions. More…

Peers

The competition between WillScot Mobile Mini Holdings Corp and its competitors, The Brink’s Co, Touax, and Groupe CRIT SA, has become increasingly fierce in recent years. These companies are all vying for a greater share of the mobile storage and modular building solutions market, with each of them bringing their own strengths and strategies to the table. With the stakes so high, it is an exciting time to see who will come out on top.

– The Brink’s Co ($NYSE:BCO)

The Brink’s Co is a global leader in security-related services and cash handling. With a market cap of 2.71 billion as of 2022 and a Return on Equity of 103.48%, the company is well-positioned to continue its success in the industry. The Brink’s Co provides secure transportation, cash management services, and security-related services to customers in over 100 countries around the world. Their services are designed to help customers protect their assets from theft and fraud. In addition, their services also help customers increase efficiency, reduce costs, and improve customer satisfaction. With its market cap and ROE, the Brink’s Co is well-prepared to continue its success in the industry.

– Touax ($LTS:0IXN)

Touax is a leading global provider of modular buildings and containers. With a market cap of 60.12M as of 2022, Touax is a well-respected player in the industry and its Return on Equity (ROE) of 20.2% demonstrates its strong financial performance. The company is known for its excellent customer service, great value for money and reliable products. The company’s focus on creating innovative solutions has enabled it to maintain its competitive edge in the market. With a strong presence in Europe and North America, Touax is well-positioned to continue to grow and expand its operations in the future.

– Groupe CRIT SA ($LTS:0DZJ)

Groupe CRIT SA is a French-based group of companies that specialize in temporary staffing. As of 2022, Groupe CRIT SA has a market cap of 665.91M, making it one of the largest staffing companies in France. The company also has a Return on Equity (ROE) of 9.1%, indicating that it has been able to effectively generate profits and return value to shareholders. Groupe CRIT SA focuses primarily on temporary staffing solutions, with a particular focus on the industrial, medical, and administrative sectors. The company has offices in France, Spain, Italy, Switzerland, Germany, the United Kingdom, and Belgium. Groupe CRIT SA is well-positioned for continued success in the staffing industry.

Summary

WILLSCOT MOBILE MINI has released its quarterly earnings report for the quarter ending on February 21, 2023, showing a 14.0% year-over-year growth in net income, amounting to USD 590.5 million. This marks a significant improvement in the company’s performance, making it an attractive investment opportunity for potential investors. This substantial increase in revenue could indicate that the company is capitalizing on the current market conditions, providing long-term potential for future growth. Investors should keep an eye on WILLSCOT MOBILE MINI for further updates, as this could be a good opportunity to capitalize on their potential gains.