WillScot Holdings exceeded Q3 2026 revenue and EBITDA targets

Results of Operations and Financial Condition

On November 5, 2026, WillScot Holdings Corporation issued a press release announcing financial results for the third quarter ended September 30, 2026¹, a copy of which is attached as Exhibit 99.1 and incorporated by reference in this Item 2.02².

The information in this Item 2.02 and Exhibit 99.1 attached hereto shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended³, or otherwise subject to the liabilities of that Section, nor shall it be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended, except as expressly set forth by specific reference in such filing.

Financial Statements and Exhibits

(d) Exhibits

Exhibit

No. Exhibit Description

99.1⁴

Press Release, dated November 5 , 2026, announcing financial results for the third quarter ended September 30, 202 6⁴

104 Cover Page Interactive Data File⁴ (embedded within the Inline XBRL document)

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

WillScot Holdings Corporation

By: /s/ Matthew T. Jacobsen⁵

Dated: November 5, 2026 Name: Matthew T. Jacobsen⁵

Title: Executive Vice President, Chief Financial Officer⁵

WILLSCOT REPORTS THIRD QUARTER 2026 RESULTS

Exceeded Q3 2026 Outlook for Revenue and Adjusted EBITDA

Provides Early 2027 Outlook for Adjusted EBITDA Growth and Deleveraging Expectations

SCOTTSDALE, November 5, 2026 - WillScot Holdings Corporation ("WillScot" or the "Company") (Nasdaq: WSC), a leader in innovative temporary space solutions, today announced third quarter 2026 results, including key performance highlights and market updates, an update to its 2026 full year outlook, and early thoughts on 2027 Adjusted EBITDA growth and deleveraging.

Q3 2026 1

• Generated revenue of $601 million, gross profit margin percentage of 50.7%, and net income of $52 million.⁶

• Reported Adjusted Net Income of $53 million and Adjusted EBITDA of $234 million at a 38.8% margin⁷, up 160 basis points sequentially from the second quarter 2026.

• Reported diluted and Adjusted Diluted Earnings Per Share of $0.28 and $0.29, respectively.⁷

• Generated leasing and services revenue of $573 million, up 7.5% year-over-year⁸ with a 4.0% increase in leasing revenue and a 22.7% increase in delivery and installation revenue⁹.

• Modular space units-on-rent increased 1.2% year-over-year¹⁰, accelerated by 12% year-over-year activation growth in the quarter.

• Generated Net cash provided by operating activities of $198 million¹⁰, up 4% year-over-year, and Adjusted Free Cash Flow of $78 million.

• Invested $123 million in Net CAPEX¹¹, prioritizing new rental equipment and refurbishments in highly utilized product lines to support major project activity and Enterprise Accounts.

• Paid down $57 million of outstanding debt.¹¹

• Increased previously issued full year 2026 outlook for revenue and Net CAPEX to reflect increased commercial activity. Maintained the outlook for Adjusted EBITDA based on the expectation for sustained variable costs to support demand in the fourth quarter 2026 and into 2027.

Tim Boswell, President and Chief Executive Officer of WillScot, commented, "Our third quarter results exceeded our expectations for revenue and Adjusted EBITDA. Leasing revenue increased 4% and delivery and installation revenue increased 23% year-over-year. Modular activations increased year-over-year for the fourth consecutive quarter, driving a positive inflection in units-on-rent. And revenue from Enterprise Accounts was up 15% year-over-year in the quarter. Together, we believe these are strong indicators that momentum is building in the business, our differentiated value proposition is resonating in the market, and our revenue mix is shifting in favor of our highest value offerings with our top customers."

Boswell continued, "Margins and return on invested capital both increased sequentially in the quarter. We continue to see a higher mix of delivery, installation, and activation activity, which are short-term margin headwinds, but consistent with our increased volume growth expectations through the fourth quarter and into 2027. We continue to execute methodically across multiple levers in our field and centralized operations to further improve margins and the customer experience."

Boswell concluded, "We are supporting continued strong order activity with organic growth investments in our most highly utilized fleet categories where we see attractive returns and lease durations. These investments are strengthening our leasing revenue run-rate heading into next year, while continuing to generate strong free cash flow in the quarter. Overall, our improving run-rate, organic growth investments, and margin initiatives support mid-single digit percentage growth in Adjusted EBITDA in 2027. We believe this is a balanced initial outlook given potential risks to the pace of data center build-outs and potential upside if strength in modular activation activity continues or the demand profile broadens. We are excited about these fundamental improvements to our business trajectory and intend to execute against these opportunities on behalf of our shareholders."

Matt Jacobsen, Chief Financial Officer of WillScot, commented, "Third quarter 2026 revenues of $601 million and Adjusted EBITDA of $234 million exceeded our outlook due to continued strong leasing and services revenue growth. Adjusted EBITDA margins expanded 160 basis points sequentially in the third quarter while absorbing increased variable costs and higher-than-

1 expected delivery and installation revenues to support 12% year-over-year growth in modular unit activations. The acceleration of modular activation growth over the prior quarters resulted in an earlier-than-expected inflection to year-over-year modular units-on-rent growth in the third quarter."

Jacobsen continued, "Incorporating year-to-date 2026 results and ongoing activation levels, we are raising our 2026 outlook for revenue to $2.340 billion and maintaining Adjusted EBITDA at $920 million¹². Relative to our prior guidance, our expectations for modular activations and delivery and installation revenues in the fourth quarter have increased meaningfully. With these increases and the continued growth in our order book, we expect unit work order production levels to remain elevated. This combination is strengthening our leasing revenue run-rate heading into 2027 while reducing the seasonal sequential margin expansion that would be typical in the fo