Construction and Engineering
Company Overview of Algeco Scotsman, Inc.
Algeco Scotsman, Inc. designs, manufactures, leases, maintains, and sells prefabricated modular space, secure portable storage, and remote workforce accommodation management solutions. It offers re-locatable accommodation, including portable cabins, modular buildings, secure storage, portable toilets, temporary kitchens, temporary fencing, and fast track building solutions. The company also offers constructed modules, non-residential factory-built mobile offices, mobile offices, storage containers, custom modular buildings, permanent modular structures, modular and transportable buildings for temporary and permanent uses. It serves civil construction, industry, commerce, healthcare, educatio...
901 South Bond Street
Baltimore, MD 21231
Founded in 2007
Key Executives for Algeco Scotsman, Inc.
Chief Financial Officer and Executive Vice President
Algeco Chief Executive Officer
President of European Business Unit
Compensation as of Fiscal Year 2017.
Algeco Scotsman, Inc. Key Developments
Algeco Scotsman Reports Earnings Results for the First Quarter Ended March 31, 2016
May 13 16
Algeco Scotsman reported earnings results for the first quarter ended March 31, 2016. For the first quarter, the company reported adjusted EBITDA in constant currency of $90.9 million, which is up $0.5 million over the same period last year. Adjusted EBITDA was $88.6 million at actual foreign exchange rates, which is up $3.2 million over last year despite some foreign exchange headwinds. Gross capital expenditures were $31.7 million compared to $68.7 million in the same period prior year. As of March 31, 2016, total net debt was $3 billion.
Algeco Scotsman, Inc. Announces Earnings Results for the Fourth Quarter and Full Year 2015; Provides Earnings Guidance for the Year 2016
Mar 31 16
Algeco Scotsman, Inc. announced earnings results for the fourth quarter and full year 2015. For the fourth quarter, the company reported adjusted EBITDA in constant currency was $117.9 million, which is up $10.5 million over the same period last year. Net capital expenditure was $250 million at reported foreign exchange rates. As mentioned last quarter, the company had a $20 million project that was fully funded with project financing. Net capital expenditure at reported foreign exchange rates would have been approximately $230 million. The company had a $3.7 million increase in revenues year-over-year, which is an increase of 6.3%.
For the year, the company reported gross capex of $295 million, driven by investment in South Texas Family Residential Center, Increased Fleet Refurbishment in the U.S., the $20 Million Project in North Texas that was funded with Project Financing, and the company invested in Germany to meet demand for Asylum-Seeker Housing. Total net debt was $3 billion.
For the year 2016, the company expects EBITDA to be $250 million, $260 million, somewhere in that range. Interest is $205 million. CapEx is will be free cash flow negative.
Jean-Marc Germain Resigns as CEO of Algeco Scotsman, Inc, Effective April 30, 2016
Mar 31 16
Jean-Marc Germain, CEO of Algeco Scotsman, Inc. notified company that he will be resigning effective April 30, 2016. However, he will remain in an advisory role with Algeco until July 2016, and will work with his successor to ensure a smooth transaction.
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