CAI International, Inc. Reports Record Fourth Quarter Results and Full Year 2020 Results, Announces Increase in its Quarterly Dividend and Expands its Share Repurchase Program

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Go back to CAI International, Inc. Reports Record Fourth Quarter Results and Full Year 2020 Results, Announces Increase in its Quarterly Dividend and Expands its Share Repurchase Program

CAI International (CAI) Tops Q4 EPS by 63c

February 16, 2021 4:47 PM EST

CAI International (NYSE: CAI) reported Q4 EPS of $1.76, $0.63 better than the analyst estimate of $1.13. Revenue for the quarter came in at $81.57 million versus the consensus estimate of $82.14 million.

Timothy Page, Interim President and Chief Executive Officer of CAI, commented, We are very pleased with our results during the fourth quarter. Adjusted net income from continuing operations attributable to CAI common stockholders was a record $31.6 million, an increase of 69% compared to the third quarter of 2020. Container lease revenue was $82 million, also a record, and a 10% increase from the third quarter.

During the... More