Triton International Limited engages in the acquisition, leasing, re-leasing, and sale of various types of intermodal containers and chassis to shipping lines, and freight forwarding companies and manufacturers. It operates in two segments, Equipment Leasing and Equipment Trading. The company primarily leases dry, refrigerated, special, and tank containers; and chassis used for the transportation of intermodal containers, as well as provides maritime container management services. As of December 31, 2020, its total fleet consisted of 3.7 million containers and chassis representing 6.2 million twenty-foot equivalent units or 7.0 million cost equivalent units. The company also purchases containers from shipping line customers and other sellers, as well as resells these containers to container retailers and users. It operates in Asia, Europe, the Americas, Bermuda, and internationally. The company was founded in 1980 and is based in Hamilton, Bermuda.
IPO Year: 2016
Exchange: NYSE
Website: tritoninternational.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
4/8/2022 | $53.00 | Buy → Underperform | BofA Securities |
PORTLAND, Tenn., Aug. 12, 2024 (GLOBE NEWSWIRE) -- Shoals Technologies Group, Inc. (NASDAQ:SHLS), a global leader in electrical balance of systems (EBOS) solutions for the energy transition market, today announced that its Board of Directors has appointed Niharika Taskar Ramdev to the Board, effective August 9, 2024. The Board also appointed Ms. Ramdev to be a member of the Audit Committee of the Board. Ms. Ramdev replaces Peter Wilver, who resigned from the Board of Directors as of August 9, 2024. Shoals thanks Mr. Wilver for his service to the Company and its stockholders. "We are grateful to Pete for his outstanding contribution to Shoals and are excited to welcome Niharika to the Boar
Friday, November 18, 2022 – Triton International Limited (NYSE:TRTN) today announced that Michael Pearl has been appointed Triton's Chief Financial Officer, effective January 1, 2023. Mr. Pearl currently serves as Triton's Senior Vice President, Treasurer. He will succeed John Burns, who as previously announced, will retire at the end of 2022 after more than 25 years with Triton. Mr. Burns will remain with Triton in a consulting role following his retirement to ensure a smooth transition. Mr. Pearl joined Triton in 2009 and has led the company's Treasury function since 2016. He played an integral role in helping to drive the successful Triton-TAL merger integration and has also been respon
August 23, 2021 – Triton International Limited (NYSE:TRTN) today announced that it has appointed Niharika Taskar Ramdev to its Board of Directors, effective immediately. With the appointment of Ms. Ramdev, Triton's Board consists of 10 directors. Ms. Ramdev is a seasoned finance executive with global experience and has worked in the United States, India, China and Singapore. She spent over two decades of her career with General Motors, having served as Chief Financial Officer of the Global Cadillac division from 2018 to 2019, Chief Financial Officer of General Motors International from 2015 to 2018, Vice President of Finance and Treasurer from 2014 to 2015 and Chief Financial Officer for G
HAMILTON, Bermuda--(BUSINESS WIRE)--March 1, 2021 –Triton International Limited (NYSE:TRTN) today announced that David A. Coulter will retire from the Board of Directors at the expiration of his current term at the Company’s annual general meeting on April 27, 2021. Mr. Coulter has been a director since 2015, having previously served as a director of Triton Container International Limited since 2011. “On behalf of the Board and management, I want to thank David for his combined 10 years of dedicated service to Triton. His deep financial knowledge, leadership experience, sound judgment and passion for our business have been a source of invaluable counsel and have helped guide our
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BofA Securities downgraded Triton International from Buy to Underperform and set a new price target of $53.00
B. Riley Securities resumed coverage of Triton International with a rating of Buy and set a new price target of $70.00
B. Riley reiterated coverage of Triton International with a rating of Buy and set a new price target of $70.00 from $63.00 previously
B. Riley reiterated coverage of Triton International with a rating of Buy and set a new price target of $63.00 from $56.00 previously
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September 28, 2023—Triton International Limited (NYSE:TRTN) ("Triton" or the "Company") today announced the completion of its acquisition by Brookfield Infrastructure Partners L.P. ("BIP") (NYSE:BIP, TSX:BIP), through its subsidiary Brookfield Infrastructure Corporation ("BIPC") and its institutional partners (collectively, "Brookfield Infrastructure"). The Company will continue to operate under the Triton name, maintain its global presence, and be led by Chief Executive Officer Brian M. Sondey and its current executive leadership team. "Today marks an exciting new chapter for Triton. This transaction provides significant value to our shareholders, and with the support and resources of
September 27, 2023—Triton International Limited (NYSE:TRTN) ("Triton") announced today the preliminary results of the elections made by holders of Triton common shares regarding the form of consideration they wish to receive in exchange for their Triton common shares in connection with the pending acquisition of Triton by Brookfield Infrastructure Partners L.P. ("BIP") (NYSE:BIP, TSX:BIP), through its subsidiary Brookfield Infrastructure Corporation ("BIPC") and its institutional partners (collectively, "Brookfield Infrastructure") (the "Merger"), which is expected to close on September 28, 2023, subject to customary closing conditions. The Merger is described (a) in the proxy statement / j
August 24, 2023—Triton International Limited (NYSE:TRTN) ("Triton" or the "Company") announced that its shareholders have voted to approve the acquisition of the Company by Brookfield Infrastructure Partners L.P. ("BIP") (NYSE:BIP, TSX:BIP), through its subsidiary Brookfield Infrastructure Corporation ("BIPC") and its institutional partners (collectively, "Brookfield Infrastructure") at a special general meeting of shareholders held earlier today. "This is another important step forward for our transaction with Brookfield Infrastructure, and we are pleased to have received overwhelming support from Triton's shareholders," said Brian M. Sondey, Chairman and Chief Executive Officer of Trito
August 1, 2023 – Triton International Limited (NYSE:TRTN) ("Triton") today reported results for the second quarter of 2023. Highlights: Net income attributable to common shareholders for the second quarter of 2023 was $128.7 million or $2.34 per diluted share, a decrease of 19.3% from the second quarter of 2022 and a decrease of 4.1% from the first quarter of 2023. Net income for the second quarter of 2023 included $2.6 million of transaction and other merger related costs associated with the pending transaction with Brookfield Infrastructure. Adjusted net income for the second quarter of 2023 was $131.3 million or $2.38 per diluted share, a decrease of 18.5% from the second quarter
July 25, 2023 - Triton International Limited (NYSE:TRTN) ("Triton") today announced that it plans to release its second quarter 2023 earnings before market open on August 1, 2023. On April 12, 2023, Triton announced it had entered into a definitive agreement to be acquired by Brookfield Infrastructure. In light of the pending transaction, Triton will not hold an earnings conference call to discuss its second quarter results. About Triton International Limited Triton International Limited is the world's largest lessor of intermodal freight containers. With a container fleet of over 7 million twenty-foot equivalent units ("TEU"), Triton's global operations include acquisition, leasing,
July 7, 2023--Triton International Limited (NYSE:TRTN) ("Triton") announced that it has set August 24, 2023 as the date for the special general meeting of shareholders (the "Special Meeting") to approve the previously announced acquisition of Triton by Brookfield Infrastructure Partners L.P. ("BIP") (NYSE:BIP, TSX:BIP), through its subsidiary Brookfield Infrastructure Corporation ("BIPC") and its institutional partners (collectively, "Brookfield Infrastructure"). The Special Meeting will be held virtually at 12 PM ET at www.virtualshareholdermeeting.com/TRTN2023SM. The record date for the Special Meeting has been set as July 3, 2023. Holders of Triton's common and preference shares at the
May 2, 2023 - Triton International Limited (NYSE:TRTN) ("Triton") today reported results for the first quarter of 2023. Highlights Net income attributable to common shareholders for the first quarter of 2023 was $136.8 million or $2.44 per diluted share, a decrease of 12.2% from the first quarter of 2022 and a decrease of 6.5% from the fourth quarter of 2022. Adjusted net income for the first quarter of 2023 was $136.1 million or $2.42 per diluted share, a decrease of 12.3% from both the first and fourth quarters of 2022. Adjusted return on equity was 22.5% for the three months ended March 31, 2023. Utilization averaged 97.6% in the first quarter of 2023 and was 97.1% as of April
April 25, 2023 - Triton International Limited (NYSE:TRTN) today announced that it plans to release its first quarter 2023 earnings before market open on May 2, 2023. As previously announced on April 12, 2023, Triton has entered into a definitive agreement to be acquired by Brookfield Infrastructure. In light of the pending transaction, Triton will not hold an earnings conference call to discuss its first quarter results. About Triton International Limited Triton International Limited is the world's largest lessor of intermodal freight containers. With a container fleet of over 7 million twenty-foot equivalent units ("TEU"), Triton's global operations include acquisition, leasing, re-l
Triton common shareholders to receive consideration valued at $85 per share, including $68.50 in cash and $16.50 in class A shares of Brookfield Infrastructure Corporation Represents a 35% premium to Triton's closing share price on April 11, 2023 and a 34% premium to the 30-day volume-weighted average share price BROOKFIELD, NEWS, April 12, 2023 (GLOBE NEWSWIRE) -- Triton International Limited (NYSE:TRTN) ("Triton" or the "Company") and Brookfield Infrastructure Partners L.P. ("BIP") (NYSE:BIP, TSX:BIP), through its subsidiary Brookfield Infrastructure Corporation ("BIPC") and its institutional partners (collectively, "Brookfield Infrastructure"), jointly announce a definitive agreemen
Triton common shareholders to receive consideration valued at $85 per share, including $68.50 in cash and $16.50 in class A shares of Brookfield Infrastructure Corporation Represents a 35% premium to Triton's closing share price on April 11, 2023 and a 34% premium to the 30-day volume-weighted average share price HAMILTON, Bermuda, April 12, 2023 /PRNewswire/ -- Triton International Limited (NYSE:TRTN) ("Triton" or the "Company") and Brookfield Infrastructure Partners L.P. ("BIP") (NYSE:BIP, TSX:BIP), through its subsidiary Brookfield Infrastructure Corporation ("BIPC") and its institutional partners (collectively, "Brookfield Infrastructure"), jointly announce a definitive agreement for
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PORTLAND, Tenn., Aug. 12, 2024 (GLOBE NEWSWIRE) -- Shoals Technologies Group, Inc. (NASDAQ:SHLS), a global leader in electrical balance of systems (EBOS) solutions for the energy transition market, today announced that its Board of Directors has appointed Niharika Taskar Ramdev to the Board, effective August 9, 2024. The Board also appointed Ms. Ramdev to be a member of the Audit Committee of the Board. Ms. Ramdev replaces Peter Wilver, who resigned from the Board of Directors as of August 9, 2024. Shoals thanks Mr. Wilver for his service to the Company and its stockholders. "We are grateful to Pete for his outstanding contribution to Shoals and are excited to welcome Niharika to the Boar
September 28, 2023—Triton International Limited (NYSE:TRTN) ("Triton" or the "Company") today announced the completion of its acquisition by Brookfield Infrastructure Partners L.P. ("BIP") (NYSE:BIP, TSX:BIP), through its subsidiary Brookfield Infrastructure Corporation ("BIPC") and its institutional partners (collectively, "Brookfield Infrastructure"). The Company will continue to operate under the Triton name, maintain its global presence, and be led by Chief Executive Officer Brian M. Sondey and its current executive leadership team. "Today marks an exciting new chapter for Triton. This transaction provides significant value to our shareholders, and with the support and resources of
September 27, 2023—Triton International Limited (NYSE:TRTN) ("Triton") announced today the preliminary results of the elections made by holders of Triton common shares regarding the form of consideration they wish to receive in exchange for their Triton common shares in connection with the pending acquisition of Triton by Brookfield Infrastructure Partners L.P. ("BIP") (NYSE:BIP, TSX:BIP), through its subsidiary Brookfield Infrastructure Corporation ("BIPC") and its institutional partners (collectively, "Brookfield Infrastructure") (the "Merger"), which is expected to close on September 28, 2023, subject to customary closing conditions. The Merger is described (a) in the proxy statement / j
BROOKFIELD, NEWS, Sept. 19, 2023 (GLOBE NEWSWIRE) -- Brookfield Infrastructure Partners L.P. ("BIP") (NYSE:BIP, TSX:BIP), through its subsidiary Brookfield Infrastructure Corporation ("BIPC") and its institutional partners (collectively, "Brookfield Infrastructure"), and Triton International Limited (NYSE:TRTN) ("Triton") announced today that, following clearance from the Committee on Foreign Investment in the United States (CFIUS) on September 18, 2023, all regulatory approvals required to complete the previously announced acquisition of Triton by Brookfield Infrastructure have now been received. The parties currently anticipate the transaction will close on September 28, 2023, subject to
September 19, 2023 -- Brookfield Infrastructure Partners L.P. ("BIP") (NYSE:BIP, TSX:BIP), through its subsidiary Brookfield Infrastructure Corporation ("BIPC") and its institutional partners (collectively, "Brookfield Infrastructure"), and Triton International Limited (NYSE:TRTN) ("Triton") announced today that, following clearance from the Committee on Foreign Investment in the United States (CFIUS) on September 18, 2023, all regulatory approvals required to complete the previously announced acquisition of Triton by Brookfield Infrastructure have now been received. The parties currently anticipate the transaction will close on September 28, 2023, subject to customary closing conditions co
August 24, 2023—Triton International Limited (NYSE:TRTN) ("Triton" or the "Company") announced that its shareholders have voted to approve the acquisition of the Company by Brookfield Infrastructure Partners L.P. ("BIP") (NYSE:BIP, TSX:BIP), through its subsidiary Brookfield Infrastructure Corporation ("BIPC") and its institutional partners (collectively, "Brookfield Infrastructure") at a special general meeting of shareholders held earlier today. "This is another important step forward for our transaction with Brookfield Infrastructure, and we are pleased to have received overwhelming support from Triton's shareholders," said Brian M. Sondey, Chairman and Chief Executive Officer of Trito
August 1, 2023 – Triton International Limited (NYSE:TRTN) ("Triton") today reported results for the second quarter of 2023. Highlights: Net income attributable to common shareholders for the second quarter of 2023 was $128.7 million or $2.34 per diluted share, a decrease of 19.3% from the second quarter of 2022 and a decrease of 4.1% from the first quarter of 2023. Net income for the second quarter of 2023 included $2.6 million of transaction and other merger related costs associated with the pending transaction with Brookfield Infrastructure. Adjusted net income for the second quarter of 2023 was $131.3 million or $2.38 per diluted share, a decrease of 18.5% from the second quarter
July 25, 2023 - Triton International Limited (NYSE:TRTN) ("Triton") today announced that it plans to release its second quarter 2023 earnings before market open on August 1, 2023. On April 12, 2023, Triton announced it had entered into a definitive agreement to be acquired by Brookfield Infrastructure. In light of the pending transaction, Triton will not hold an earnings conference call to discuss its second quarter results. About Triton International Limited Triton International Limited is the world's largest lessor of intermodal freight containers. With a container fleet of over 7 million twenty-foot equivalent units ("TEU"), Triton's global operations include acquisition, leasing,
July 7, 2023--Triton International Limited (NYSE:TRTN) ("Triton") announced that it has set August 24, 2023 as the date for the special general meeting of shareholders (the "Special Meeting") to approve the previously announced acquisition of Triton by Brookfield Infrastructure Partners L.P. ("BIP") (NYSE:BIP, TSX:BIP), through its subsidiary Brookfield Infrastructure Corporation ("BIPC") and its institutional partners (collectively, "Brookfield Infrastructure"). The Special Meeting will be held virtually at 12 PM ET at www.virtualshareholdermeeting.com/TRTN2023SM. The record date for the Special Meeting has been set as July 3, 2023. Holders of Triton's common and preference shares at the
June 12, 2023 – Triton International Limited (NYSE:TRTN) ("Triton") today announced the expiration of the required waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (the "HSR Act") in connection with the proposed acquisition of Triton by Brookfield Infrastructure Partners L.P. ("BIP") (NYSE:BIP, TSX:BIP), through its subsidiary Brookfield Infrastructure Corporation ("BIPC") and its institutional partners (collectively, "Brookfield Infrastructure"), announced on April 12, 2023. The expiration of the HSR Act waiting period satisfies one of the conditions to the closing of the transaction. Subject to approval of the transaction by Triton's shareholders and other c
What are Value Stocks? A value stock traditionally has a lower price when compared to stock prices of companies in the same industry. This indicates that the company may be undervalued, as investors are not expressing as much interest in such companies. The most commonly used way to check for value is with the price-to-earnings multiple, or P/E. A low P/E multiple is a good indication that the stock is undervalued. Below is a list of notable value stocks in the industrials sector: JanOne (NASDAQ:JAN) - P/E: 2.12 Triton International (NYSE:TRTN) - P/E: 8.05 AerCap Holdings (NYSE:AER) - P/E: 8.15 H&E Equipment Servs (NASDAQ:HEES) - P/E: 9.95 Veritiv (NYSE:VRTV) - P/E: 7.61 JanOne's earnings
September 19, 2023 -- Brookfield Infrastructure Partners L.P. ("BIP") (NYSE:BIP, TSX:BIP), through its subsidiary Brookfield Infrastructure Corporation ("BIPC") and its institutional partners (collectively, "Brookfield Infrastructure"), and Triton International Limited (NYSE:TRTN) ("Triton") announced today that, following clearance from the Committee on Foreign Investment in the United States (CFIUS) on September 18, 2023, all regulatory approvals required to complete the previously announced acquisition of Triton by Brookfield Infrastructure have now been received. The parties currently anticipate the transaction will close on September 28, 2023, subject to customary closing conditions con
At the end of August 29, 2023, FTAI Aviation (NASDAQ:FTAI) will reward its shareholders with a dividend payout of $0.30 per share, demonstrating an annualized dividend yield of 3.63%. Remember, only investors who held the stock before the ex-dividend date on August 11, 2023 will receive this payout. FTAI Aviation Recent Dividend Payouts table { width: 100%; border-collapse: collapse; font-family: Arial, sans-serif; font-size: 14px; } th, td { padding: 8px; text-align: left; } th { background-color: #293a5a; color: #fff; text-align: left;
The Meaning Behind Value Stocks A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock. Benzinga Insights has compiled a list of value stocks in the industrials sector that may be worth watching: Veritiv (NYSE:VRTV) - P/E: 7.58 Hertz Global Holdings (NASDAQ:HTZ) - P/E: 6.95 Air Lease (NYSE:AL) - P/E: 9.49 Intuitive Machines (NASDAQ:LUNR) - P/E: 5.62 Triton International (NYSE:TRTN) - P/E: 8.07 Veritiv saw an increase in earnings per share from 5.0 in Q1 to $5.15 now. The company's most r
The Meaning Behind Value Stocks A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock. Benzinga Insights has compiled a list of value stocks in the industrials sector that may be worth watching: CPI Aerostructures (AMEX:CVU) - P/E: 5.04 Performance Shipping (NASDAQ:PSHG) - P/E: 0.04 L S Starrett (NYSE:SCX) - P/E: 5.13 Harte-Hanks (NASDAQ:HHS) - P/E: 1.38 Triton International (NYSE:TRTN) - P/E: 8.14 CPI Aerostructures has reported Q1 earnings per share at $0.08, which has increased by 16
Companies Reporting Before The Bell • Toyota Motor (NYSE:TM) is estimated to report earnings for its first quarter. • BP (NYSE:BP) is projected to report quarterly earnings at $1.21 per share on revenue of $54.48 billion. • HSBC Holdings (NYSE:HSBC) is projected to report earnings for its second quarter. • AudioCodes (NASDAQ:AUDC) is projected to report quarterly earnings at $0.10 per share on revenue of $60.38 million. • TG Therapeutics (NASDAQ:TGTX) is estimated to report quarterly loss at $0.24 per share on revenue of $16.37 million. • Enterprise Prods Partners (NYSE:EPD) is estimated to report quarterly earnings at $0.59 per share on revenue of $13.03 billion. • Landsea Homes (NAS
Triton International Ltd (NYSE:TRTN) reported a Q2 FY23 total leasing revenue of $386.5 million, missing the consensus of $398.1 million. Adjusted EPS of $2.38 beat the consensus of $2.29. Utilization averaged 97.0% in Q2 of FY23 and was 96.6% as of July 25, 2023. The operating income decreased to $213.1 million from $269.7 million a year ago. As of June 30, 2023, Triton generated $607.6 million in operating cash flow. Cash and equivalents stood at $157.98 million. "While market conditions in the second quarter remained slow overall, drop-off volumes decreased from the first quarter level, and we experienced some pockets of demand. In addition, our revenues and profitability are well pr
Triton International (NYSE:TRTN) reported quarterly earnings of $2.38 per share which beat the analyst consensus estimate of $2.29 by 3.93 percent. This is a 18.49 percent decrease over earnings of $2.92 per share from the same period last year. The company reported quarterly sales of $386.50 million which missed the analyst consensus estimate of $398.14 million by 2.92 percent. This is a 8.33 percent decrease over sales of $421.61 million the same period last year.
Triton International (NYSE:TRTN) is set to give its latest quarterly earnings report on Tuesday, 2023-08-01. Here's what investors need to know before the announcement. Analysts estimate that Triton International will report an earnings per share (EPS) of $2.29. Triton International bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter. New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast). Historical Earnings Performance Last quarter the company beat EPS by $0.10, which was followed by a