{
  "url": "https://struct.news/briefs/willscot-grew-sales-then-spent-its-way-to-a-thinner-operating-margin",
  "title": "WillScot grew sales, then spent its way to a thinner operating margin",
  "summary": "Net capex rose 43.1% to $113.7 million in three months, even as portable-storage demand fell 6.7%.",
  "published_at": "2026-08-06T21:03:38.854376+00:00",
  "publisher": "Struct",
  "usage": "Figures are as reported by the company. Quote with attribution to the source filing.",
  "company": {
    "name": "WillScot Holdings Corporation",
    "ticker": "WSC",
    "cik": "1647088",
    "sector": "Industrials",
    "industry": "Rental & Leasing Services"
  },
  "source_filing": {
    "form": "10-Q",
    "filed": "2026-08-06",
    "accession": "0001647088-26-000056",
    "url": "https://www.sec.gov/Archives/edgar/data/1647088/000164708826000056/wsc-20260630.htm"
  },
  "comparison_filing": {
    "form": "10-Q",
    "filed": "2025-07-31",
    "url": "https://www.sec.gov/Archives/edgar/data/1647088/000164708825000046/wsc-20250630.htm"
  },
  "reported_figures": [
    {
      "group": "The filing in three numbers",
      "label": "Revenue",
      "value": 2281446000,
      "display": "$2.3B",
      "unit": "usd",
      "period": "2025-12-31",
      "detail": null,
      "source": {
        "kind": "sec_filing",
        "label": "Filed company results",
        "form": "10-Q",
        "accession": "0001647088-26-000056",
        "filing_date": "2026-08-06"
      }
    },
    {
      "group": "The filing in three numbers",
      "label": "Revenue YoY",
      "value": -4.769843529163287,
      "display": "-4.8%",
      "unit": "percent",
      "period": "2025-12-31",
      "detail": null,
      "source": {
        "kind": "jodie_calculation",
        "label": "Calculated from filed company results",
        "form": "10-Q",
        "accession": "0001647088-26-000056",
        "filing_date": "2026-08-06"
      }
    },
    {
      "group": "The filing in three numbers",
      "label": "Operating margin",
      "value": 7.953464600959216,
      "display": "+8.0%",
      "unit": "percent",
      "period": "2025-12-31",
      "detail": null,
      "source": {
        "kind": "jodie_calculation",
        "label": "Calculated from filed company results",
        "form": "10-Q",
        "accession": "0001647088-26-000056",
        "filing_date": "2026-08-06"
      }
    }
  ],
  "watch_next": [
    {
      "type": "capital_investment",
      "statement": "Net capex rose 43.1% to $113.7 million in the three months, primarily from higher rental-equipment spending tied to capacity for large projects.",
      "importance": "medium",
      "evidence": "\"Net CAPEX increased $38.8 million, or 43.1%, to $113.7 million for the three months ended June 30, 2026 from $75.0 million for the three months ended June 30, 2025, primarily driven by the increase in capital expenditures for rental equipment.\"",
      "source_date": "2026-08-06"
    },
    {
      "type": "demand",
      "statement": "Portable-storage average units on rent fell 7.244 units, or 6.7%, in the three months, while modular-space demand also weakened with non-residential construction starts.",
      "importance": "medium",
      "evidence": "\"Portable storage average units on rent decreased by 7,244 units, or 6.7%, for the three months ended June 30, 2026 driven by lower demand.\"",
      "source_date": "2026-08-06"
    }
  ],
  "related_tickers": [
    "WSC"
  ],
  "disclaimer": "Descriptive reporting of filed results. Not investment advice, and contains no forecast or recommendation."
}