WillScot Holdings Corporation (WSC) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

and an over 30% year-over-year increase in commission payouts. And that is despite a continued 6% year-over-year decline of non-residential construction starts square footage and continued contraction of the architectural billings index in the quarter. So while we have not seen stabilization across all of our local markets, the favorable mix of end-market activity combined with better internal execution are providing commercial momentum. Operationally, I'm very proud of how our field and central teams are executing across multiple priorities. We are on track with our network optimization efforts, including real estate and fleet dispositions, while simultaneously supporting elevated activity levels and fleet investments in high demand product categories. We are increasing work order volumes to drive unit availability and reduce lead times. The ability to reactivate large volumes of vital equipment quickly and cost effectively in a rising demand environment is a significant competitive advantage, while we also make meaningful and deliberate new fleet investments to further differentiate our offering long term. And we mobilize this capacity with in-house expertise better than anyone in the industry. Continuing to develop these capabilities, we are rolling out enhanced dispatch and route optimization tools across the field. These tools are improving utilization of our drivers and trucking fleet, as well as our service and setup teams, reducing average miles per route, and enhancing the customer experience through more effective omnichannel communication. And we are focused on improving service levels across all customer touchpoints to improve the experience and ease of doing business while reducing our cost to serve. And we're doing all of this safely. Our recordable inc...