WillScot Mobile Mini on growth path in 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.

WillScot Mobile Mini headquarters. (Photo: WillScot Mobile Mini website.)

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.”