Textainer Group Holdings Limited Reports First-Quarter 2020 Results

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Textainer Group Holdings (TGH) Tops Q1 EPS by 13c

May 4, 2020 4:14 PM EDT

Textainer Group Holdings (NYSE: TGH) reported Q1 EPS of $0.17, $0.13 better than the analyst estimate of $0.04. Revenue for the quarter came in at $145.48 million versus the consensus estimate of $149.8 million.

Net loss of $4.4 million for the first quarter, which includes an unrealized loss on derivatives of $14.9 million;Adjusted net income of $9.7 million for the first quarter, or $0.17 per diluted common share, as compared to $11.0 million, or $0.19 per diluted common share in the fourth quarter of 2019;Adjusted EBITDA of $117.1 million for the first quarter, as compared to $113.2 million in the fourth quarter of... More