WillScot Holdings Corporation - Form 8-K Filing

WillScot Holdings Corporation has announced a Network Optimization Plan, a multi-year initiative approved on December 18, 2025. This plan involves exiting approximately 725 acres of leased real estate over the next four years, closing 115 branch and drop lot locations, and abandoning rental fleet units with a net book value of up to $315 million. The company expects this to reduce annual real estate costs by $25 million to $30 million while maintaining market coverage and customer service. Significant costs include approximately $303 million in non-cash accelerated depreciation in Q4 2025 and estimated unit disposal costs of $40 million to $50 million through 2029. Net cash costs of approximately $20 million are anticipated in 2026, with expected accretive profitability from 2027 onwards. The company also reported approximately $41 million in incremental rental equipment depreciation for the eleven months ended November 30, 2025, due to the disposal of certain rental equipment. The filing also includes standard forward-looking statements and an exhibit list.