WSC experienced a dramatic swing from $28.1M net income to -$53.0M net loss, driven by a 40% surge in interest expense and significant operational decline.
The 288% deterioration in profitability combined with a 40% spike in interest costs suggests WSC is facing mounting financial pressure, likely from higher debt levels or rising rates. The company's shift from reporting Tank and Pump discontinued operations to only UK Storage Solutions indicates recent divestitures may not have sufficiently addressed underlying financial stress.
WSC's financial profile deteriorated significantly with net income swinging from positive $28.1M to a -$53.0M loss, primarily driven by interest expense surging 40% to $205.0M while operating income fell 31% and gross profit declined 11%. Despite strong operating cash flow growth of 36% to $762.0M, stockholders' equity contracted 16% to $856.3M, suggesting the company is burning through shareholder value. The combination of rising debt costs, declining operational performance, and shrinking equity base signals mounting financial stress despite improved cash generation.
Net income declined 288.4% — review whether driven by operations, interest costs, or non-recurring items.
Cash position surged 62.1% — strong cash generation or capital raise providing significant financial cushion.
Interest expense surged 40.2% — significant debt increase or rising rates materially impacting earnings.
Operating cash flow surged 35.7% — exceptional cash generation, highest quality earnings signal.
Capital expenditure jumped 32% — major investment cycle underway; assess returns on deployment.
Operating income deteriorated sharply — investigate whether driven by one-time charges or structural cost issues.
Equity decreased 15.9% — buybacks or losses reducing book value, monitor solvency ratios.
Gross margin compression — rising input costs, pricing pressure, or unfavorable product mix shift.
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