Welcome to our dedicated page for CAI Intl news (Ticker: CAI), a resource for investors and traders seeking the latest updates and insights on CAI Intl stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect CAI Intl's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of CAI Intl's position in the market.
CAI International, Inc. reported a strong performance for Q3 2020, achieving a net income of $14.8 million, or $0.83 per share, and an adjusted net income of $18.4 million, or $1.04 per share. Lease revenue rose to $73.9 million, reflecting increased container demand. Average fleet utilization remained high at 98.4%, with current utilization at 99.2%. The company issued $742.7 million in asset-backed notes, reducing average interest rates significantly. A cash dividend of $0.25 per share was declared, payable December 24, 2020. Overall, the outlook remains positive with expectations of continued growth.
CAI International (CAI) has announced its Q3 2020 earnings release date, scheduled for October 29, 2020, at 4:00 PM ET. Following this, a conference call will occur the same day at 5:00 PM ET to discuss the financial results. Investors can join the call by dialing 1-888-398-8098 domestically or 1-707-287-9363 internationally. For those unable to attend, the conference call will be available as an archived webcast on the company’s website for 30 days.
NFI has acquired CAI Logistics, significantly enhancing its logistics capabilities. CAI Logistics, generating over $100 million in annual revenue, will boost NFI's non-asset logistics revenue to exceed $500 million, comprising 20% of NFI's total revenue of approximately $2.5 billion. This acquisition strengthens NFI's brokerage and intermodal services across North America and adds expertise in various industries. The integration is expected to amplify NFI's scalability and improve customer experience.
FAQ
What is the current stock price of CAI Intl (CAI)?
What is the market cap of CAI Intl (CAI)?
