Welcome to our dedicated page for Triton International news (Ticker: TRTN), a resource for investors and traders seeking the latest updates and insights on Triton International stock.
Triton International Limited (symbol: TRTN) is a leading global leasing company specializing in marine intermodal cargo containers. Established in 1980, Triton has become the largest owner-lessor of these containers worldwide. The company prides itself on its superior quality fleet, which includes dry van, refrigerated, flat rack, and open top equipment. Triton's fleet is recognized for being one of the youngest and most uniform in the industry.
Through its extensive network of regional service subsidiaries, agents, and depots, Triton offers unparalleled customer service. The company is committed to meeting the diverse needs of its clients by providing equipment in high-demand locations with flexible and competitive lease terms. Triton's experienced staff ensures the consistent availability and maintenance of its fleet, making it a reliable partner for businesses worldwide.
In addition to its core leasing operations, Triton is actively engaged in various projects aimed at expanding its market presence and enhancing service quality. The company's strategic partnerships and innovative solutions contribute to its robust financial condition and sustained growth. Triton's dedication to quality and customer satisfaction has earned it a selective lessee portfolio, further cementing its status as an industry leader.
For the latest updates and news about Triton International Limited, stay tuned to this page.
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.
Triton International Limited (NYSE:TRTN) will host its second quarter 2022 earnings conference call on July 28, 2022, at 8:30 a.m. Eastern Time. The earnings announcement will be available at 7:00 a.m. that same day on www.trtn.com. Triton is the world’s largest lessor of intermodal freight containers, with a fleet exceeding 7 million twenty-foot equivalent units (TEU), engaged in the acquisition, leasing, re-leasing, and sale of various intermodal containers and chassis.
Triton International Limited (NYSE: TRTN) announced the retirement of CFO John Burns at the end of 2022 after over 25 years with the company. Burns will assist in the transition until a new CFO is appointed, with Korn Ferry engaged for the search. The company's chairman praised Burns for his leadership during a period of growth and shareholder returns. Triton is the world's largest lessor of intermodal freight containers, operating a fleet of over 7 million TEUs. The company cautions that forward-looking statements involve risks, including economic uncertainties and market conditions.
Triton International Limited (NYSE:TRTN) announced that CEO Brian Sondey will participate in a fireside chat at the UBS Global Industrials and Transportation Conference on June 7, 2022, at 2:40 p.m. Eastern Time. The event will be available as a live webcast and archived replay on Triton's investor website. Triton is the world's largest lessor of intermodal freight containers, operating a fleet of over 7 million TEU for leasing and sales.
Triton International Limited (NYSE:TRTN) announced that its Chairman and CEO, Brian Sondey, will participate in a fireside chat at the Wells Fargo Industrials Conference on May 5, 2022, at 10:40 a.m. Eastern Time. The event will be available for live webcast and archived replay on Triton's website. Triton is the largest lessor of intermodal freight containers globally, with a fleet exceeding 7 million twenty-foot equivalent units (TEUs), involved in the acquisition, leasing, and sale of various types of containers and chassis.
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