Triton International Limited (TRTN) Tops Q3 EPS by 3c, Beats on Revenues

Triton International Limited (NYSE: TRTN) reported Q3 EPS of $0.75, $0.03 better than the analyst estimate of $0.72. Revenue for the quarter came in at $302.12 million versus the consensus estimate of $301.71 million.

Third Quarter and Recent Highlights:

• Triton reported Net income attributable to shareholders of $57.2 million and Income before income taxes of $70.6 million for the third quarter of 2017.
• Triton reported Adjusted pre-tax income of $73.0 million in the third quarter of 2017.
• Average utilization was 97.6% for the third quarter of 2017.
• Triton raised net proceeds of $192.9 million in September through the issuance of 6.15 million new common shares. The proceeds will be used for general corporate purposes including the purchase of containers.
• Triton announced a quarterly dividend of $0.45 per share payable on December 22, 2017 to shareholders of record as of December 1, 2017.

For earnings history and earnings-related data on Triton International Limited (TRTN) click here.

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