Williams Scotsman International, Inc. Reports Record Fourth Quarter and Annual Results

Baltimore, MD - February 9, 2007 - Williams Scotsman International, Inc. (NASDAQ: WLSC), a leading provider of modular space solutions, reported today its financial results for the fourth quarter and year ended December 31, 2006.

• We achieved an increase in total revenues for 2006 of 15% on strong performance from all customer sectors and geographic regions
• Increased EBITDA to $224 million for the year and $57.1 million for the fourth quarter
• Net income of $49 million for the year and $11.0 million for the fourth quarter resulting in earnings per share of $1.15 and $0.25 for the year and fourth quarter, respectively
• For 2007, we expect to grow net income in the range of 18% to 23 %, and increase earnings per share in the range of 13% to 18 % on a comparable basis with 2006, after excluding the favorable impact of tax adjustments made in 2006.

Gerry Holthaus, Chairman, President and CEO, commented, "Our financial performance in 2006 exceeded our expectations as we achieved record earnings results for the year. Our leasing business continues to show strong results as indicated by our 18% improvement in revenue and a 2.8 percentage point increase in gross margins from the prior year. We are focused on our continued efforts to sustain and build relationships in areas such as the education, healthcare and government arenas which have had a positive effect on both our leasing and sales performance. We are also excited about our expansion in our foreign markets, which increase our geographic diversity, with our recent acquisitions in Spain and Mexico and the continued growth experienced in Canada. Our success in 2006 could not have been accomplished without the dedication and industry expertise of our Williams Scotsman employees throughout the Company.

We are excited about our 2006 results and look forward to continued growth for Williams Scotsman into 2007 and beyond as we continue to drive the expansion of our business platform."

About Williams Scotsman International, Inc.

Full Release in pdf with complete details on Fourth Quarter and Annual Results