WillScot’s Logistics Overhaul Is Paying Off—Will In-Sourcing Help Build Margins In 2025? 

WillScot Mobile Mini Holdings Corp. (WillScot) recently reported its first-quarter financial performance for 2025, showcasing outcomes that align with its anticipated objectives and reaffirming its full-year outlook. Nevertheless, the company is operating in a macroeconomic climate characterized by uncertainties, impacting various end markets it serves. On the positive side, the company’s adjusted EBITDA margin stood at 41% in the first quarter, with an adjusted free cash flow of $145 million, marking a 26% margin. This financial stability allowed WillScot to return $45 million to shareholders. The order book, a key indicator of future revenue, showed a 7% year-over-year increase in both modular and storage product lines, indicating a sustainable demand outlook in the near term.