WillScot announced on February 25, 2026 that it will roll out its fencing and perimeter‑security services across the United States, extending its portfolio of turnkey site‑setup solutions to include protective barriers at the start of construction projects.
The move is intended to give the company a stronger foothold in the early stages of project planning, allowing it to bundle fencing with its modular building and portable storage offerings. By integrating perimeter security, WillScot can capture a larger share of a customer’s site‑setup spend and create a new entry point that is expected to drive demand for its core modular and storage solutions.
The expansion comes as the company reports a challenging Q4 2025 period, with revenue of $566 million, down 6.1 % year‑over‑year, and a net loss of $187 million. Adjusted EBITDA stood at $250 million, a 44.2 % margin, while leasing revenues fell 5.9 % to $437 million. The company also disclosed a $302 million non‑cash restructuring charge related to its network‑optimization plan, which aims to cut annual real‑estate cost increases by $25‑$30 million over four years.
Analysts reacted to the earnings miss and the company’s conservative 2026 outlook—projected revenue of $2.175 billion and adjusted EBITDA of $900 million—by downgrading the stock and lowering price targets. The high debt‑to‑equity ratio, reported at 3.69, was cited as a risk factor that may limit financial flexibility in a slower‑growth environment.
Tim Boswell, President and CEO, said the nationwide rollout “strengthens our ability to support customers from the very start of their projects. By bringing perimeter security directly into our offering, we’re making it easier for customers to plan, scale, and protect their sites, while unlocking new ways to deliver the full value of our modular and storage solutions across the markets we serve.”
While the fencing expansion is a significant operational milestone, it is part of a broader strategy to deepen customer relationships and improve operating efficiency. The company’s network‑optimization plan and ongoing cost‑control initiatives are expected to offset the short‑term impact of the expansion, positioning WillScot to capture incremental revenue from its integrated site‑setup solutions as demand for modular and storage services stabilizes.
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