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) successfully completed an offering of $690.1 million in Fixed Rate Asset-Backed Series 2021-1 Class A Notes with a yield of 1.904%, and $34.9 million in Class B Notes with a yield of 2.604%. The offering raised over $3.5 billion since August 2020, supporting the company’s capital expenditure program. The notes are backed by containers and assets, rated 'A' and 'BBB' respectively, maturing in 2046. Proceeds will be used for corporate purposes, including repaying debt.
Triton International Limited (NYSE:TRTN) announced the retirement of David A. Coulter from its Board of Directors effective April 27, 2021. Coulter has served on the board since 2015 and has been integral in guiding the company’s growth. The Board is actively seeking a new director to continue enhancing its diverse leadership. Triton, the world's largest lessor of intermodal freight containers, operates a fleet of 6.2 million TEUs and focuses on acquisition, leasing, and selling various container types.
Triton International Limited (NYSE:TRTN) announced that CEO Brian Sondey will present at the BofA Securities SMID Cap Ideas 2021 Virtual Conference on February 23, 2021, at 1:25 p.m. ET. The presentation will be available via a live webcast on Triton’s investor website, ensuring public access to key insights.
Triton is the largest lessor of intermodal freight containers globally, managing a fleet of 6.2 million twenty-foot equivalent units (TEU). The company engages in the acquisition, leasing, and sale of various container types.
Triton International Limited (TRTN) reported a net income of $115.2 million in Q4 2020, achieving $1.70 per diluted share, marking a 49.1% increase from Q3. For the full year, net income totaled $288.4 million or $4.16 per share. Container demand surged, with a fleet utilization rate of 98.9% as of December 31, 2020. Triton declared a $0.57 quarterly dividend, payable on March 26, 2021. The company ordered approximately $1.7 billion in new containers for 2021, with strong leasing demand expected to continue.
Triton International Limited (NYSE: TRTN) announced a successful offering of $479.1 million in Fixed Rate Asset-Backed Series 2021-1 Class A Notes with a yield of 1.658%, and $23.8 million in Series B Notes at 2.558%. The offering, backed by a pool of containers, reflects strong demand and capitalizes on low interest rates. Proceeds will be used for general corporate purposes, including debt repayment. The Series A Notes are rated 'A' and the Series B Notes 'BBB' by S&P Global Ratings, maturing in 2046.
Triton International Limited (NYSE:TRTN) will host its fourth quarter and full year 2020 earnings conference call on February 16, 2021, at 8:30 a.m. ET. The earnings announcement will be released at 7:00 a.m. that day and will be accessible via the company's website. Triton International remains the world’s largest lessor of intermodal freight containers, operating a fleet exceeding 6.0 million TEU. The conference call will be available both live and as an archive for investors.
Triton International Limited (NYSE: TRTN) hosted a virtual investor day on November 9, 2020, detailing its strong operating and financial performance. The company highlighted a significant rebound in global trade, expecting a 25% increase in Adjusted EPS for Q4 2020. Key points discussed included Triton’s competitive advantages, strong cash flow, and disciplined capital allocation. With a fleet of 6.1 million TEUs, Triton remains the largest lessor of intermodal freight containers, poised for growth amid favorable market trends.
Triton International Limited (NYSE: TRTN) announced a virtual investor day scheduled for November 9, 2020, at 10:30 a.m. ET. The management team will present an overview of the business, highlight operational and financial achievements, and discuss value creation strategies, followed by a Q&A session. Interested individuals can pre-register, access the live webcast, or view an archived replay on Triton's website at www.trtn.com. Triton is the world's largest lessor of intermodal freight containers, operating a fleet of 6.1 million TEUs.
Triton International Limited (NYSE: TRTN) reported a net income of $45.9 million or $0.67 per diluted share for Q3 2020, influenced by a $24.3 million write-off and $8.6 million non-cash tax expense. Adjusted net income rose 32.6% to $78.1 million, or $1.14 per diluted share. Leasing revenues totaled $327.8 million. The company announced a 10% dividend increase to $0.57 per share, payable on December 23, 2020. Container utilization also improved to 97.4%.
Triton International Limited (NYSE:TRTN) will conduct its third quarter 2020 earnings conference call on October 23, 2020, at 8:30 a.m. ET. The earnings announcement and presentation will be released at 7:00 a.m. on the same day. An archive of the Webcast will be available one hour post-call on www.trtn.com. Triton is recognized as the world’s largest lessor of intermodal freight containers, managing a fleet of over 6 million TEUs.
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