WillScot exits 108 locations, disposes $312M in fleet under Network Optimization Plan

Filed August 6, 2026 · Period ending June 30, 2026 · Compared to 10-Q Jul 31, 2025 · ~2 min read

Key Changes

• high

  Initiated multi-year Network Optimization Plan to exit 108 branch and drop-lot locations (25% of leased acreage) and dispose of $312.1M in rental fleet (53,000 units). Through June 30, 2026, disposed of ~34,000 units and recorded $319.7M in restructuring charges; expects completion by 2029.

  MD&A: Network Optimization Plan verify on EDGAR →
• high

  Total fleet declined 16% YoY to 304,000 units (from 363,000), with modular space down 13% and portable storage down 18%. Branch count fell from ~260 to ~240 locations, consistent with the optimization plan's footprint reduction.

  MD&A: Fleet size reduction verify on EDGAR →
• high

  Share repurchases collapsed 90% in dollar terms: repurchased 352,900 shares for $7.3M in H1 2026 vs. 2.6M shares for $71.9M in H1 2025. Remaining authorization fell from $750M to $717.1M, reflecting the pullback in capital returned via buybacks.

  MD&A: Share repurchase activity verify on EDGAR →