$20.900
-0.040 (-0.19%)At close
WSC News
WSC Events
Adjusts FY26 EBITDA to $920M
Raises FY26 adjusted EBITDA to $920M from $915M. Sees FY26 net cap-ex of $375M. "Based on first half 2026 results and current commercial demand, we are raising our 2026 outlook to $2.3 billion in revenue and $920 million in Adjusted EBITDA," said CFO Matt Jacobsen.
Company Reports Q2 Revenue of $612M
Reports Q2 revenue $612M, consensus $585.40M. Reports Q2 leasing and services revenue increased 6.2% year-over-year, driven by large complex installation activity and a significant event project. "Our second quarter 2026 results reflect continued progress across our key commercial and operational priorities," said CEO Tim Boswell.
Company Reports Q1 Revenue of $549M, Exceeding Expectations
Reports Q1 revenue $549M, consensus $518.17M. Tim Boswell, CEO, commented, "Our first quarter 2026 results were encouraging, with clear progress across our commercial and operational priorities for the year. We are seeing a steady increase in demand from larger project opportunities, most notably in the data center, power generation and utility, diversified manufacturing, and events sectors, that align well with both our value proposition and our strategic focus on enterprise accounts, new verticals, and our expanded offerings. Order and activation trends continued to strengthen through April, which combined with the growing volume of larger projects, is giving us better visibility into the second half of the year and is consistent with our longer-term strategy to drive higher quality revenue mix. Operationally, our teams are mobilizing to support increased activity levels by executing our previously announced Network Optimization Plan, rolling out our route optimization and dispatch platform in the field, continuing to optimize centralized shared services, and activating fleet to increase availability and minimize lead times across the network. Each of these initiatives supports our ability to capture immediate market opportunities while improving long-term profitability and the customer experience. The strengthening commercial activity supports our increased 2026 outlook for revenue, adjusted EBITDA and capital expenditures, and we think there is a credible path to inflect leasing revenues to year-over-year growth in the second half of 2026. We remain focused on advancing initiatives that are within our control to strengthen our competitive positioning, serve our customers, and drive long-term shareholder value creation. I am incredibly grateful to our team for their focus on clean and consistent execution."
US Stocks Drop Amid Middle East Tensions; Trump Announces Maritime Trade Security Measures
The major averages closed broadly lower amid widening hostilities in the Middle East, but came off their earlier lows after President Donald Trump stated in a Truth Social post that he has ordered the Development Finance Corporation to provide political risk insurance and guarantees for the financial security of maritime trade through the Gulf, adding that the U.S. Navy will begin escorting tankers through the Strait of Hormuz, if needed.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Targetreportedand provided guidance for Q1 and FY26Best Buyreportedand increased its quarterly dividendMongoDBreported better-than-expected Q4 earnings and revenue butPinterestannounced afrom Elliott Investment Management, saying it expects to use the proceeds to repurchase sharesAppleannounced awith the M5 chip and announced new M5 Pro and M5 Max chips2. WALL STREET CALLS:Blockto Buy at HSBCMongoDBto Neutral at BairdPalo Alto Networksto Buy from Sell at AreteuniQurereceived two more, from Wells Fargo and Mizuho, after the company said the FDA "strongly recommended" a new Huntington's disease studyWall Streetof recent IPOs Once Upon a Farmand SpyGlass Pharma3. AROUND THE WEB:Verizonconsidered pulling back on its NFL sponsorship deal, WSJ reportsSenate Democrats are preparing legislation that would break up U.S. meatpacking cocmccpanies, WSJ saysMetawill form a new applied AI engineering group in its Reality Labs division, WSJ reportsFederal Communications Commission, FCC, chair Brendan Carr has signaled the watchdog does not plan to block Paramount's$110B deal to buy Warner Bros, FT saysDF Research, representing the opinions of Keith Dalrymple and Dalrymple Finance, issued a cautious note on WillScot4. MOVERS:Battalion Oilgains afterto raise approximately $15M at a price of $5.50 per shareZiff Davishigher after entering aits Connectivity division to Accenturefor $1.2B in cashPlug Powerincreases after appointingTheravance Biopharmafalls after announcing it will wind down itsThredUPlower afterand providing guidance for FY265. EARNINGS/GUIDANCE:Upload Softwareand provided guidance for Q1 and FY26Antalpha, with CFO Paul Liang commenting that the company "finished 2025 on a solid footing"Paysafe, with EPS beating consensusCignabacked itsas it announced a change in CEOOn Holdingand provided guidance for FY26INDEXES:The Dow fell 403.51, or 0.83%, to 48,501.27, the Nasdaq lost 232.17, or 1.02%, to 22,516.69, and the S&P 500 declined 64.99, or 0.94%, to 6,816.93.
Middle East Conflict Escalates, Major Indices Down Nearly 1.5%
The three top indexes were each down nearly 1.5% near noon following fresh military strikes and widening hostilities in the Middle East, triggering concerns about prolonged conflict and its potential to disrupt global energy markets. Iran's Strait of Hormuz, the globe's most vital transit route for crude oil, has been closed, with Reuters reporting that the Iranian Revolutionary Guard commander said Iran would set ablaze ships attempting to pass through the strait. Oil prices are up about 4% at midday following the news, while gold prices are dropping nearly 5% as the commodity sees continued volatility.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Targetreportedand provided guidance for Q1 and FY26Best Buyreportedand increased its quarterly dividendMongoDBreported better-than-expected Q4 earnings and revenue butPinterestannounced afrom Elliott Investment Management, saying it expects to use the proceeds to repurchase sharesAppleannounced aand announced new M5 Pro and M5 Max chips2. WALL STREET CALLS:Blockto Buy at HSBCMongoDBto Neutral at BairdPalo Alto Networksto Buy from Sell at AreteuniQurereceived, from Wells Fargo and Mizuho, after the company said the FDA "strongly recommended" a new Huntington's disease studyWall Streetof recent IPOs Once Upon a Farmand SpyGlass Pharma3. AROUND THE WEB:Federal Communications Commission, FCC, chair Brendan Carr has signaled the watchdog does not plan to block Paramount's$110B deal to buy Warner Bros, FT saysA Waymorobotaxi briefly blocked an ambulance near the scene of a mass shooting in Austin while en route to pick up a passenger, an incident confirmed by both Waymo and EMS officials, Axios reportsHims'pharmacy partner will reintroduce a compounded pill version of GLP-1 drug Wegovy that was pulled from the market last month, Endpoints News saysDF Research, representing the opinions of Keith Dalrymple and Dalrymple Finance, issued a cautious note on WillScotU.S. officials are weighing imposing caps on the number of H200 chips Nvidiacan export to any single Chinese company, Bloomberg says4. MOVERS:Battalion Oilgains after entering into a definitive agreement toat a price of $5.50 per shareZiff Davishigher after entering aits Connectivity division to Accenturefor $1.2B in cashPlug Powerincreases after appointingTheravance Biopharmafalls after announcing it willprogram after Phase 3 resultsThredUPlower afterand providing guidance for FY265. EARNINGS/GUIDANCEUpload Softwareand provided guidance for Q1 and FY26Antalpha, with CFO Paul Liang commenting that the company "finished 2025 on a solid footing"Paysafe, with EPS beating consensusCignafor FY26 as it announced a change in CEOOn Holdingand provided guidance for FY26INDEXES:Near midday, the Dow was down 1.45%, or 710.52, to 48,194.26, the Nasdaq was down 1.38%, or 313.63, to 22,435.23, and the S&P 500 was down 1.35%, or 91.83, to 6,788.43.
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