WillScot Corporation (NASDAQ:WSC) Q3 2019 Earnings Conference Call Transcript

Nov 08, 2019 • 10:00 am ET

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WillScot Corporation (NASDAQ:WSC) Q3 2019 Earnings Conference Call Transcript

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Presentation
Operator
Operator

Good morning ladies and gentlemen and welcome to the WillScot Third Quarter 2019 Conference Call. [Operator Instructions] I would now like to turn the conference over to your host Mr. Matt Jacobsen Vice President of Finance.

Please go ahead sir.

Executive
Matthew Jacobsen

Thank you and good morning. Before we begin I'd like to remind you we will discuss forward-looking statements as defined under the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those forward-looking statements as a result of various factors including those discussed in our press release and in the risk factors identified in our 2018 Form 10-K filed with the SEC and our Form 10-Q that will be filed today. While we may update forward-looking statements in the future we disclaim any obligation to do so. You should not place undue reliance on these forward-looking statements all of which speak only as of today. We would like to remind you that some of the statements and responses to your questions in this conference call may include forward-looking statements.

As such they are subject to future events and uncertainties that could cause our actual results to differ materially from these statements. WillScot assumes no obligation and does not intend to update any such forward-looking statements. The press release we issued last night and the presentation for today's call are posted on the Investor Relations website. A copy of the release has also been included in an 8-K that we submitted to the SEC. We will make a replay of this conference call available via webcast on the company website. For financial information that has been expressed on a non-GAAP basis we have included reconciliations to the comparable GAAP information. Please refer to the tables and slide presentation accompanying today's earnings release. Lastly this morning we are filing our 10-Q with the SEC for the third quarter of 2019. The 10-Q will be available through the SEC or on the Investor Relations section of our website. Now with me today I've got Brad Soultz our President and CEO; and Tim Boswell our CFO. So I'll kick off today's call with a brief overview of the company summarize our third quarter results and provide an update on some of our key performance indicators. Tim will then provide additional detail on the financial results for the third quarter and discuss our outlook for the rest of the year before we open up the call for questions.

With that I'll turn the call over to Brad.

Executive
Bradley L. Soultz

Thank you Matt. I'd like to welcome everyone to WillScot's third quarter 2019 conference call. Please turn to slide six of our investor presentation as I would first like to highlight 4 key aspects of our financial performance indicative of the transformation we've undertaken and the strong momentum with which we'll be entering 2020. First we generated $272 million of revenue which is up 24% over the same period in 2018. While as expected on a pro forma basis our consolidated revenue was down 9%