Login

MOBILE MINI INC

No Longer Reporting

The company has not filed an annual or quarterly report since its Q1 FY2020 10-Q, filed May 6, 2020. Its latest SEC filing is a SC 13G/A from Feb 10, 2021.

The sections below describe the company as of the FY2019 annual report.

What Did They Do?

Rents portable storage containers and ground-level offices to businesses, and provides specialty containment equipment and services to industrial and project-based customers.

How Did They Make Money?

Storage customers pay monthly rent, generally billed in advance; Tank & Pump customers rent by the day, week or month and receive bills at least monthly after use. Customers also buy new and used units, and some parts and supplies, billed in advance or when they take possession; invoices are generally due on receipt.

FY2019 revenue

Who Were Their Customers?

Construction, retail and commercial customers rent storage directly through local branches or the national sales center; industrial and energy customers work with Tank & Pump branches and national-account staff for equipment and services.

Customers above 10% of revenue, FY2019
of revenue from one customer

Did Revenues Turn Into Profits?

Yes. It kept 14 cents of every revenue dollar as net income in FY2019 and turned 33 cents into free cash flow.

Operating income, FY2019
25% of revenue
▲ +333% vs FY2018 ($35.5M, 6%)
Net income, FY2019
14% of revenue
▲ Now profitable vs FY2018 (−$8.1M, −1%)
Free cash flow, FY2019
33% of revenue
▲ +39% vs FY2018 ($143.2M, 24%)

How Were They Changing?

Since the FY2019 annual report
Latest quarter: Q1 FY2020, the three months to Mar 31, 2020
Revenue
▼ 0%
vs $149.7M in Q1 FY2019
Net income
▼ −54%
vs $18.1M in Q1 FY2019
  • Jul 1, 2020 Merger closed, ending Mobile Mini shareholders’ rights Former shareholders retained the right to receive merger consideration; Mobile Mini requested Nasdaq suspension and removal from listing.

Grew. Revenue grew 15% in 4 years, from $530.8M in FY2015 to $612.6M in FY2019, about 4% a year.

Managed services The older report describes renting and selling Mobile Mini's units; the latest adds managed services, arranging other rental companies' products and services for customers and generating rental revenue without investing in more fleet.

Create Account

Sign up for free to unlock this feature.

Already have an account? Sign in

Premium Feature

This feature requires a premium subscription to unlock unlimited historical data and advanced analysis tools.

Premium includes:

  • Unlimited historical financial data
  • Advanced analytics and insights
  • Priority support