WillScot Mobile Mini on growth path in 2022
By Belinda Smart01 March 2022
North American company WillScot Mobile Mini Holdings Corp, which specialises in innovative flexible work space and portable storage solutions, is predicting 10% to 15% growth in 2022 compared to 2021.
In its fourth quarter and full year 2021 results, the company confirmed “momentum in all operating segments” resulted in fourth quarter revenue of $518 million, net income of $74 million, and Adjusted EBITDA of $211 million; full year 2021 revenue of $1,895 million, net income of $160 million, and Adjusted EBITDA of $740 million.
The company invested $147 million seven acquisitions in the second half of 2021, including American Mobile Leasing, Équipe Container Services and Saf-T-Box, LP.
Another acquisition was that of LA based Portable Storage Accommodation.
It also affirmed a full-year 2022 outlook of $810 million to $850 million adjusted EBITDA, “reflecting robust demand across all end markets”, representing 10% to 15% growth versus 2021.
Brad Soultz, Chief Executive Officer of WillScot Mobile Mini Holdings, commented,
“Our team’s results and achievements in 2021 underscore our unique position; we operate in a category of one; we are extending our market leadership position by executing idiosyncratic growth initiatives that are within our control; and we are compounding that growth with smart M&A.
“Given the trajectory upon which we exited 2021 and supportive end markets, I am confident that 2022 will be no less exciting for our business.”