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Triton International (TRTN) provides essential marine intermodal container leasing solutions to global logistics partners. This news hub offers investors and industry professionals timely updates on corporate developments shaping the container leasing market.
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Triton International Limited (NYSE:TRTN) announced its first quarter 2023 earnings release scheduled for May 2, 2023. Notably, this release will not be accompanied by an earnings conference call due to the pending acquisition by Brookfield Infrastructure, as previously disclosed on April 12, 2023. Triton International is recognized as the world’s largest lessor of intermodal freight containers, managing a fleet exceeding 7 million twenty-foot equivalent units (TEU). The company's global operations encompass the acquisition, leasing, re-leasing, and sale of various intermodal containers and chassis.
Triton International Limited (NYSE: TRTN) has announced its acquisition by Brookfield Infrastructure Partners (NYSE: BIP) in a cash and stock deal valued at approximately
Triton International Limited (NYSE: TRTN) has announced its acquisition by Brookfield Infrastructure Partners (NYSE: BIP) in a deal valued at approximately $4.7 billion, representing a total enterprise value of $13.3 billion. Shareholders will receive $85 per share, with $68.50 in cash and $16.50 in Brookfield Infrastructure Corporation (BIPC) shares. This consideration reflects a 35% premium over Triton’s closing share price on April 11, 2023. The transaction has been unanimously approved by Triton's Board of Directors and is expected to close in the fourth quarter of 2023, pending shareholder and regulatory approvals. Triton will maintain its current quarterly dividend until closing, after which its shares will be delisted from the NYSE.
Triton International Limited (NYSE:TRTN) announced the nomination of Terri A. Pizzuto to its Board of Directors, to be included in the proxy statement for the Annual General Meeting on April 27, 2023. Pizzuto brings extensive experience from her role as Executive VP and CFO at Hub Group, Inc., and a long tenure at Arthur Andersen. Her addition is part of Triton’s commitment to Board diversity and succession planning, with a slate of nominees that includes nine independent candidates and three women. If elected, she will also serve on the Audit Committee.
Triton International Limited (NYSE:TRTN) will host its fourth quarter and full year 2022 earnings conference call on February 14, 2023, at 8:30 a.m. Eastern Time. The earnings announcement will be available at 7:00 a.m. that day on their website at www.trtn.com. The call will be Webcast, with an archive available one hour after the live event. For phone access, dial in 15 minutes early at 1-877-418-5277 (Domestic) or 1-412-717-9592 (International). Triton is the world's largest lessor of intermodal freight containers, boasting a fleet of over 7 million twenty-foot equivalent units (TEU).
Triton International Limited (NYSE: TRTN) has announced an increase in its share repurchase authorization to $400 million. This move comes after the company has already repurchased nearly 8.5 million shares for $514 million, reducing the share count by approximately 13% in 2022. The increased buyback aims to enhance shareholder value and reflects Triton’s strong balance sheet and robust cash flows. The repurchase program has no termination date and will primarily be funded through cash generated from operations.
Triton International Limited (NYSE: TRTN) announced the appointment of Michael Pearl as Chief Financial Officer, effective January 1, 2023. Mr. Pearl, who has been with Triton since 2009 and served as Senior Vice President and Treasurer, will succeed John Burns, who is retiring after over 25 years. Pearl's background includes significant contributions to Triton’s capital structure and financial management. The transition is aimed at ensuring continued growth and value creation for shareholders.
Triton International Limited (NYSE:TRTN) will host its third quarter 2022 earnings conference call on November 1, 2022, at 8:30 a.m. Eastern Time. The earnings announcement will be released at 7:00 a.m. on the same day and available on www.trtn.com. Investors can join via a live Webcast or by phone, with domestic and international dial-in numbers provided. Triton is the largest lessor of intermodal freight containers globally, managing over 7 million TEUs.