WSC

Key takeaways

• Revenue rose 3.9% to $612.2 million, the first year-over-year increase in five quarters, driven by a6.2% increase in average monthly rental rates and a12.3% rise in delivery and installation revenue tied to large complex project activity.
• Average units on rent fell just1.9% year over year — a deceleration from the7.3% decline in Q12026 and the11.3% annual decline in FY2025 — suggesting the multi-year volume contraction may be stabilizing.
• Gross margin was50.0%, down0.2 points year over year but roughly flat sequentially, as higher leasing revenue and delivery gross profit were offset by a $12.8 million increase in rental equipment depreciation and higher variable costs.