Triton International Limited (TRTN) Misses Q1 EPS by 1c, Revenues Miss
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Triton International Reports First Quarter 2020 Results and Declares Quarterly Dividends
April 24, 2020 6:30 AM EDTHAMILTON, Bermuda--(BUSINESS WIRE)-- April 24, 2020 -- Triton International Limited (NYSE: TRTN) ("Triton")
Highlights:
Net income attributable to common shareholders was $67.2 million or $0.94 per diluted share. Adjusted net income was $67.1 million or $0.93 per diluted share, a decrease of 21.8% per diluted share from the first quarter of 2019. Utilization averaged 95.4% in the first quarter of 2020. Triton raised $150.0 million from the issuance of Series D perpetual preference shares on January 24, 2020. The Series D shares have a dividend rate of 6.875%. During 2019 and 2020, Triton has raised $555.0... More