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This will be supplemented by four and a half months of contribution from Mod Space’s operations, resulting in our updated Adjusted EBITDA guidance of for the 2018 fiscal year.” Soultz continued, “While acquisition activity is obviously accelerating our growth, our combined pro forma leasing fundamentals remain strong and supportive of continued organic growth.Inclusive of Mod Space, , and Tyson, Williams Scotsman’s pro forma modular average rental rates in our Modular – U. segment were up 11.6%, modular units on rent were up 1.0%, and modular utilization was up 280 basis points year-over-year in the second quarter.
Such statements are based on current expectations only, and are subject to certain risks, uncertainties and assumptions, many of which are beyond our control.
Earnings guidance is generally provided along with a company’s quarterly earnings reports and is often discussed during analyst meetings.
The information guidance statements provide is typically based on sales projections, market conditions, and company spending.
The words “estimates,” “expects,” “anticipates,” “believes,” “forecasts,” “plans,” “intends,” “may,” “will,” “should,” “shall” and variations of these words and similar expressions identify forward-looking statements, which are generally not historical in nature.
Forward-looking statements are subject to a number of risks, uncertainties, assumptions and other important factors, many of which are outside our control, which could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements.We are particularly excited about the opportunity to expand the penetration of Williams Scotsman’s ‘Ready to Work’ solutions across all 130,000 of our modular space assets.