v3.25.2
Segment Reporting - Summarized Financial Information for Company's Reportable Segments (Detail) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Dec. 31, 2024
Segment Reporting Information [Line Items]          
Rental revenues $ 125,985 $ 121,176 $ 246,098 $ 241,508  
Rental related services revenues 37,483 34,358 71,399 63,938  
Total revenues 235,616 212,611 431,032 400,438  
Depreciation of rental equipment 21,426 22,165 42,931 44,531  
Rental related services 25,477 24,990 49,790 45,776  
Other 31,519 27,920 59,171 56,930  
Costs of sales 46,480 34,121 71,990 56,518  
Total costs of revenues 124,902 109,196 223,882 203,755  
Gross profit     207,150    
Gross profit 110,714 103,415 207,150 196,683  
Wages and benefits [1]     44,888 42,729  
Depreciation and amortization [1]     8,089 7,805  
Marketing and administrative expenses [1]     16,801 15,657  
Allocated corporate services [1],[2]     33,830 32,498  
Other segment items [1],[3]     804 777  
Total expenses [1]     104,412 99,467  
Other income, net 0 0 0 (9,281) [1]  
Income from operations 57,171 54,412 102,738 [1] 106,497 [1]  
Interest expense (income) allocation [1]     15,954 25,741  
Foreign currency exchange (gain) loss (81) 31 (86) [1] 163 [1]  
WillScot Mobile Mini transaction costs 0 12,367 0 21,721 [4]  
Income before provision for income taxes [1]     86,870 80,593  
Total segment gross profit     207,150 196,683  
Income before provision for income taxes 49,457 28,977 86,870 58,872  
Rental equipment acquisitions     53,496 136,326  
Accounts receivable, net (period end) 233,801 217,379 233,801 217,379 $ 219,342
Rental equipment, at cost (period end) 2,020,746 2,008,906 2,020,746 2,008,906 1,999,195
Rental equipment, net book value (period end) 1,393,682 1,407,322 1,393,682 1,407,322 $ 1,387,659
Sales [Member]          
Segment Reporting Information [Line Items]          
Revenues 69,775 54,414 108,701 89,483  
Other [Member]          
Segment Reporting Information [Line Items]          
Revenues 2,373 2,663 4,834 5,509  
Mobile Modular [Member]          
Segment Reporting Information [Line Items]          
Rental revenues     160,404 154,535  
Rental related services revenues     61,647 53,053  
Total revenues 155,988 144,546 287,906 272,131  
Depreciation of rental equipment     21,294 19,870  
Rental related services     40,190 35,608  
Other     44,802 43,938  
Costs of sales     42,926 39,584  
Total costs of revenues     149,212 139,000  
Gross profit     138,694    
Gross profit       133,131  
Wages and benefits [1]     29,734 28,201  
Depreciation and amortization [1]     7,101 6,758  
Marketing and administrative expenses [1]     9,598 8,829  
Allocated corporate services [1],[2]     23,949 22,620  
Other segment items [1],[3]     383 446  
Total expenses [1]     70,765 66,854  
Other income, net [1]       (6,220)  
Income from operations [1]     67,929 72,499  
Interest expense (income) allocation [1]     12,914 19,971  
Income before provision for income taxes [1]     55,015 52,528  
Rental equipment acquisitions     34,479 118,300  
Accounts receivable, net (period end) 177,549 170,966 177,549 170,966  
Rental equipment, at cost (period end) 1,443,314 1,398,475 1,443,314 1,398,475  
Rental equipment, net book value (period end) 1,071,846 1,058,041 $ 1,071,846 $ 1,058,041  
Utilization (period end) [5]     73.10% 78.10%  
Average utilization [5]     74.20% 78.60%  
Mobile Modular [Member] | Sales [Member]          
Segment Reporting Information [Line Items]          
Revenues     $ 62,974 $ 61,256  
Mobile Modular [Member] | Other [Member]          
Segment Reporting Information [Line Items]          
Revenues     2,881 3,287  
Portable Storage [Member]          
Segment Reporting Information [Line Items]          
Rental revenues     33,014 36,230  
Rental related services revenues     8,025 9,363  
Total revenues 23,346 24,022 44,612 48,782  
Depreciation of rental equipment     2,070 1,965  
Rental related services     8,237 8,932  
Other     3,445 2,995  
Costs of sales     1,879 1,484  
Total costs of revenues     15,631 15,377  
Gross profit     28,981    
Gross profit       33,405  
Wages and benefits [1]     6,933 7,035  
Depreciation and amortization [1]     749 801  
Marketing and administrative expenses [1]     3,352 3,058  
Allocated corporate services [1],[2]     3,742 4,082  
Other segment items [1],[3]     325 299  
Total expenses [1]     15,101 15,275  
Other income, net [1]       (1,319)  
Income from operations [1]     13,880 19,450  
Interest expense (income) allocation [1]     1,852 2,867  
Income before provision for income taxes [1]     12,028 16,583  
Rental equipment acquisitions     618 7,403  
Accounts receivable, net (period end) 12,857 12,231 12,857 12,231  
Rental equipment, at cost (period end) 244,261 242,107 244,261 242,107  
Rental equipment, net book value (period end) 220,048 221,486 $ 220,048 $ 221,486  
Utilization (period end) [5]     61.80% 64.50%  
Average utilization [5]     60.60% 67.80%  
Portable Storage [Member] | Sales [Member]          
Segment Reporting Information [Line Items]          
Revenues     $ 2,956 $ 2,478  
Portable Storage [Member] | Other [Member]          
Segment Reporting Information [Line Items]          
Revenues     617 711  
TRS-RenTelco [Member]          
Segment Reporting Information [Line Items]          
Rental revenues     52,680 50,743  
Rental related services revenues     1,727 1,522  
Total revenues 36,416 32,670 71,435 66,433  
Depreciation of rental equipment     19,567 22,696  
Rental related services     1,363 1,236  
Other     10,924 9,997  
Costs of sales     8,343 5,658  
Total costs of revenues     40,197 39,587  
Gross profit     31,238    
Gross profit       26,846  
Wages and benefits [1]     5,810 5,210  
Depreciation and amortization [1]     35 53  
Marketing and administrative expenses [1]     2,678 2,732  
Allocated corporate services [1],[2]     6,139 5,796  
Other segment items [1],[3]     96 32  
Total expenses [1]     14,758 13,823  
Other income, net [1]       (1,742)  
Income from operations [1]     16,480 14,765  
Interest expense (income) allocation [1]     2,410 4,121  
Foreign currency exchange (gain) loss [1]     (86) 163  
Income before provision for income taxes [1]     14,156 10,481  
Rental equipment acquisitions     18,399 10,623  
Accounts receivable, net (period end) 23,085 20,333 23,085 20,333  
Rental equipment, at cost (period end) 333,171 368,324 333,171 368,324  
Rental equipment, net book value (period end) 101,788 127,795 $ 101,788 $ 127,795  
Utilization (period end) [5]     64.80% 55.80%  
Average utilization [5]     63.00% 56.40%  
TRS-RenTelco [Member] | Sales [Member]          
Segment Reporting Information [Line Items]          
Revenues     $ 15,692 $ 12,657  
TRS-RenTelco [Member] | Other [Member]          
Segment Reporting Information [Line Items]          
Revenues     1,336 1,511  
Enviroplex [Member]          
Segment Reporting Information [Line Items]          
Total revenues 19,866 11,373 27,079 [6] 13,092 [6]  
Costs of sales [6]     18,842 9,792  
Total costs of revenues [6]     18,842 9,792  
Gross profit [6]     8,237    
Gross profit [6]       3,300  
Wages and benefits [1],[6]     2,411 2,283  
Depreciation and amortization [1],[6]     204 193  
Marketing and administrative expenses [1],[6]     1,173 1,038  
Total expenses [1],[6]     3,788 3,515  
Income from operations [1],[6]     4,449 (215)  
Interest expense (income) allocation [1],[6]     (1,222) (1,218)  
Income before provision for income taxes [1],[6]     5,671 1,003  
Accounts receivable, net (period end) [6] $ 20,310 $ 13,849 20,310 13,849  
Enviroplex [Member] | Sales [Member]          
Segment Reporting Information [Line Items]          
Revenues [6]     $ 27,079 $ 13,092  
[1] The Significant Segment Expense categories and amounts align with the segment-level information that is regularly provided to the CODM.
[2] Allocated corporate services costs are comprised of expenses incurred by the Company which are not directly incurred by each business segment as a part of their normal operations. These allocated indirect corporate costs primarily include wages and benefits, depreciation of corporate capital assets, information technology, legal, accounting and other administrative expenses.
[3] Other segment items for each reportable segment is primarily comprised of credit losses.
[4] During the six months ended June 30, 2024, the Company incurred $21,721 of transaction costs attributed to the terminated merger with WillScot Mobile Mini.
[5] Utilization is calculated each month by dividing the cost of rental equipment on rent by the total cost of rental equipment excluding new equipment inventory and accessory equipment. The average utilization for the period is calculated using the average costs of rental equipment.
[6] Gross Enviroplex sales revenues were $27,079 and $13,093 for the six months ended June 30, 2025 and 2024, respectively. There were no inter-segment sales to Mobile Modular in the six months ended June 30, 2025 and $2 of inter-segment sales to Mobile Modular in the six months ended June 30, 2024, which required elimination in consolidation.