WillScot Mobile Mini Board of Directors Replenishes Share Repurchase Authorization to $1 Billion
04 Mai 2023 - 10:01PM
WillScot Mobile Mini Board of Directors Replenishes Share
Repurchase Authorization to $1 Billion
WillScot Mobile Mini Holdings Corp. (“WillScot Mobile Mini” or the
“Company”) (Nasdaq: WSC), the North American leader in innovative
flexible space and storage solutions, today announced that its
Board of Directors has replenished the Company’s share repurchase
authorization to $1.0 billion as of May 3, 2023.
Brad Soultz, Chief Executive Officer, commented,
"As our cash flow has continued to accelerate, we have remained
steadfast in execution against the capital allocation framework we
introduced at our November 2021 Investor Day. First, we will
continue to fund our organic growth trajectory, which is
underpinned by our $1 billion portfolio of idiosyncratic growth
levers. Second, we have and expect to continue to invest in smart
and highly accretive acquisitions. Finally, we have allocated
the balance of our available capital towards leverage maintenance
and returns to shareholders. Over the last 12 months as of
March 31, 2023, we repurchased 22.4 million of our common shares
for $895 million, representing a 9.5% reduction in our economic
share count and a powerful economic return for our shareholders. In
support of the continuation of our current capital allocation
framework, our Board of Directors proactively replenished our $1.0
billion share repurchase authorization.”
About WillScot Mobile Mini
WillScot Mobile Mini trades on the Nasdaq stock
exchange under the ticker symbol “WSC.” Headquartered in Phoenix,
Arizona, the Company is a leading business services provider
specializing in innovative flexible space and storage solutions.
WillScot Mobile Mini services diverse end markets across all
sectors of the economy from a network of approximately 240 branch
locations and additional drop lots throughout the United States,
Canada, and Mexico.
Additional Information and Where to Find
It
Additional information can be found on the
company's website at www.willscotmobilemini.com.
Contact
Information |
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Investor
Inquiries: |
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Media
Inquiries: |
Nick Girardi |
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Jake Saylor |
investors@willscotmobilemini.com |
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jake.saylor@willscot.com |
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