2024-02-20 23:01:08 ET
WillScot Mobile Mini Holdings Corp. (WSC)
Q4 2023 Earnings Conference Call
February 20, 2024, 05:30 AM ET
Company Participants
Nick Girardi - Senior Director, Treasury and IR
Brad Soultz - CEO
Tim Boswell - President and CFO
Conference Call Participants
Tim Mulrooney - William Blair
Ronan Kennedy - Barclays
Seth Weber - Wells Fargo
Andrew Wittmann - Robert W. Baird
Scott Schneeberger - Oppenheimer & Co.
Faiza Alwy - Deutsche Bank
Steven Ramsey - Thompson Research
Philip Non-GAAP - Jefferies
Brent Thielman - D.A. Davidson
Angel Castillo - Morgan Stanley
Presentation
Operator
Welcome to the Fourth Quarter 2023 WillScot Mobile Mini Earnings Conference Call. My name is Amy, and I will be your operator for today's call. At this time, all participants are in a listen-only mode. Later we will conduct the question-and-answer session. Please note that this conference is being recorded.
I will now turn the call over to Nick Girardi, Senior Director of Treasury and Investor Relations. Nick, you may begin.
Nick Girardi
Good afternoon and good evening, and welcome to the WillScot Mobile Mini fourth quarter 2023 earnings call. Participants on today's call include Brad Soultz, Chief Executive Officer; and Tim Boswell, President and Chief Financial Officer. Today's presentation material may be found on the Investor Relations section of the WillScot Mobile Mini website.
Slides 2 and 3 contain our Safe Harbor statement. We will be making forward-looking statements during the presentation and our Q&A session. Our business and operations are subject to a variety of risks and uncertainties, many of which are beyond our control. As a result, our actual results may differ materially from today's comments. For a more complete description of the factors that could cause actual results to differ and other possible risks, please refer to the safe harbor statements in our presentation and our filings with the SEC.
With that, I'll turn the call over to Brad Soultz.
Brad Soultz
Thanks, Nick. Good afternoon, everyone, and thank you for joining us today. I'm Brad Soultz, CEO of WillScot Mobile Mini.
Starting on Slide 6. 2023 was a record year for our company. We built a platform to deliver consistent, predictable compounding returns, irrespective of market conditions, and the strength of that platform was abundantly clear. We are ahead of expectations financially, eclipsing $1 billion of adjusted EBITDA faster than we expected. We delivered $577 million of free cash flow, which is $3 free cash flow per share, return on invested capital of 18%, and we grew earnings per share from continuing ops by 35% to $1.69. All of these metrics are company records. These compounding returns, along with our clear line of sight to continued growth, sets us up for years of long-term value creation....
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WillScot Mobile Mini Holdings Corp. (WSC) Q4 2023 Earnings Call Transcript