CAI International, Inc. (CAP) Misses Q2 EPS by 5c, Approves 1M Share Buyback

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CAI International, Inc. Reports Results for the Second Quarter of 2015; Announces the Acquisition of ClearPointt Logistics LLC and a One Million Share Repurchase Authorization

July 28, 2015 4:00 PM EDT

SAN FRANCISCO--(BUSINESS WIRE)-- CAI International, Inc. (CAI) (NYSE: CAP), one of the worlds leading transportation finance and logistics companies, today reported results for the second quarter of 2015.

Highlights

CAI reported rental revenue for the second quarter of 2015 of $56.7 million, an increase of $5.2 million, or 10%, compared to the second quarter of 2014. CAI reported net income attributable to CAI common stockholders for the second quarter of 2015 of $12.9 million, a decrease of $0.6 million, or 4%, compared to the second quarter of 2014.... More