Latest news with #TimBoswell
Yahoo
6 days ago
- Business
- Yahoo
WillScot Introduces Innovative Power Solution – Solar Power by WillScot
PHOENIX, June 04, 2025 (GLOBE NEWSWIRE) -- WillScot Holdings Corporation ('WillScot' or the 'Company') (Nasdaq: WSC), a leader in innovative temporary space solutions, announced Solar Power by WillScot, a proprietary power solution that redefines how energy is delivered —bringing clean, reliable power to virtually any site, and unlocking new possibilities for how and where people work. Solar Power by WillScot was designed to provide immediate energy production and battery storage wherever WillScot's temporary space solutions are deployed. A video highlighting Solar Power by WillScot can be viewed here. Solar Power by WillScot is the first solar energy solution purpose-built for and fully integrated with WillScot's modular space and storage solutions — delivering clean, quiet, and scalable power wherever it is needed. Whether used as a standalone energy source or in combination with generators or the grid, this innovative power and battery solution gives people the flexibility to power their space or storage solutions sustainably, while reducing costs relative to comparable power generation and storage alternatives, and without compromising efficiency or comfort. Tim Boswell, President and Chief Operating Officer, commented, 'At WillScot, we have a long history as the leading innovators in our industry, providing turnkey space solutions for our customers, and helping them mobilize their projects right from the start.' Boswell added, 'With our Solar Power by WillScot offering, customers can power their temporary space from nearly any location, reduce emissions, lower operating costs, and save valuable time and resources, all supported by our best-in-class local service network.' Solar Power by WillScot is available now in select WillScot branch locations in the U.S. with plans for expansion to additional markets. About WillScot Listed on the Nasdaq stock exchange under the ticker symbol 'WSC,' WillScot is the premier provider of highly innovative and turnkey space solutions in North America. The Company's comprehensive range of products includes modular office complexes, mobile offices, classrooms, temporary restrooms, portable storage containers, protective buildings, and climate-controlled units, and clearspan structures, as well as a curated selection of furnishings, appliances, and other supplementary services, ensuring turnkey solutions for its customers. Headquartered in Phoenix, Arizona, and operating from a network of approximately 260 branch locations and additional drop lots across the United States, Canada, and Mexico, WillScot's business services are essential for diverse customer segments spanning all sectors of the economy. Additional Information and Where to Find It Additional information can be found on the company's website at Contact Information Media inquiries: Juliana Welling Investor inquiries: Charlie Wohlhuter investors@ Solar Power by WillScotWork your next project from nearly any location, Right From the Start, with Solar Power by WillScot: a customizable source of energy for temporary space. Deploy Solar Power by WillScot at your jobsite for convenience, flexibility, and sustainability. A photo accompanying this announcement is available at
Fox Sports
07-05-2025
- Automotive
- Fox Sports
WillScot Named Official Partner of NTT INDYCAR SERIES, IMS
INDYCAR Penske Entertainment announced May 7 a partnership with WillScot Holdings Corporation, a leader in innovative temporary space solutions, that will see the company become an Official Partner of INDYCAR and Indianapolis Motor Speedway. Through the multiyear partnership, WillScot will provide temporary turnkey space solutions, including mobile offices, storage containers, climate-controlled storage, clearspan structures, restroom facilities, fencing solutions and other hospitality spaces for use at race events throughout NTT INDYCAR SERIES and IMS seasons. 'We are uniquely positioned to provide all the turnkey space solutions needed at large-scale events like these and are thrilled to partner with Penske Entertainment as the preferred supplier during NTT INDYCAR SERIES and IMS events,' said Tim Boswell, WillScot president and chief operating officer. 'This partnership emphasizes WillScot's ongoing commitment to delivering turnkey space solutions across many industries, including the professional events sector, that help customers operate more efficiently, safely and profitably while delivering an excellent fan experience.' WillScot is the premier provider of highly innovative and turnkey space solutions in North America. The company's comprehensive range of products includes modular office complexes, mobile offices, classrooms, temporary restrooms, portable storage containers, protective buildings and climate-controlled units and clearspan structures, as well as a curated selection of furnishings, appliances and other supplementary services, ensuring turnkey solutions for its customers. Headquartered in Phoenix and operating from a network of approximately 260 branch locations and additional drop lots across the United States, Canada and Mexico, WillScot's business services are essential for diverse customer segments spanning all sectors of the economy. 'We are pleased to welcome WillScot to the NTT INDYCAR SERIES,' Penske Entertainment Corp. President and CEO Mark Miles said. 'Whether at Indianapolis Motor Speedway or traveling to other race venues, turnkey space solutions ensure we can offer our fans the best experiences possible.' The next event for the NTT INDYCAR SERIES is the Sonsio Grand Prix on the road course at IMS. Live coverage begins at 4:30 p.m. ET Saturday, May 10 on FOX. Live coverage of the 109th Running of the Indianapolis 500 presented by Gainbridge will begin at 10 a.m. ET on Sunday, May 25 on FOX. recommended in this topic
Yahoo
17-04-2025
- Business
- Yahoo
WillScot Holdings Corporation (WSC): A Bear Case Theory
We came across a bearish thesis on WillScot Holdings Corporation (WSC) on Substack by Keith Dalrymple. In this article, we will summarize the bears' thesis on WSC. WillScot Holdings Corporation (WSC)'s share was trading at $23.21 as of April 16th. WSC's trailing and forward P/E were 161.53 and 15.80 respectively according to Yahoo Finance. Aerial shot of a modular space surrounded by poratable storage units. WillScot Holdings Corporation (WSC) recent investor day and unexpected $500 million debt offering have raised serious concerns about the company's liquidity, fleet condition, and future strategy. While management had previously indicated they would refinance the maturing $525 million 2025 notes using their Asset-Based Lending (ABL) facility—citing $1.7 billion in borrowing capacity at a lower interest rate—they instead opted for a second lien note offering at 6.625%. This sharp deviation suggests that ABL lenders may have reassessed the collateral value of WSC's aging fleet and reduced the company's access to credit, effectively pushing WSC into the high-yield junk market. The timing of this shift, which followed a series of public critiques about WSC's deteriorating fleet condition, supports the idea that lenders may be growing wary of the asset base that backs the ABL line. Investor day remarks from President and CFO Tim Boswell only added to the skepticism. His detailed discussion of WSC's 'idle fleet' being 'parked' for future remanufacturing was interpreted by many as a veiled admission that much of the fleet is no longer rental-ready. Instead of generating near-term cash flow, the fleet requires material capital expenditures to be viable again, which undermines its utility as collateral. Boswell's effort to frame this as a capital-efficient advantage fell flat, as it contradicted prior messaging about the fleet's immediate monetization potential and suggested the assets were effectively scrap with uncertain recovery value. This pivot away from emphasizing utilization—a key metric in the equipment rental industry—further signals that management is distancing itself from traditional benchmarks, which may be revealing in itself. Management's statement that the company doesn't 'price based on utilization' and its focus on remanufacturing idle units paints a picture of a company facing capital constraints and asset degradation. While the debt deal staves off a near-term liquidity crisis, the higher rate, speculative credit rating, and withdrawal of cheaper funding speak to diminished confidence in WSC's underlying business health. The equity value is now questionable in light of limited fleet monetization potential, tighter lender scrutiny, and the risk that stock buybacks—funded by new debt—are no longer aligned with lender interests. In total, WSC's recent moves suggest not just a tactical refinancing but a strategic retreat from earlier financial narratives, leaving investors to question what the company's assets are truly worth and whether the core business model remains intact. WillScot Holdings Corporation (WSC) is not on our list of the 30 Most Popular Stocks Among Hedge Funds. As per our database, 58 hedge fund portfolios held WSC at the end of the fourth quarter which was 52 in the previous quarter. While we acknowledge the risk and potential of WSC as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than WSC but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock. Disclosure: None. This article was originally published at Insider Monkey. Sign in to access your portfolio
