Cost-Savings InitiativesThe company highlighted cost-savings initiatives resulting in $40m of annualized savings due to efficiencies and streamlined processes.
Market ExpansionWSC has been expanding into adjacent markets like cold storage, ClearSpan, and fencing, presenting logical synergies with the core modular & storage business.
Share RepurchaseWillScot announced that its board increased the existing share repurchase program to $1bn, which should support the stock.