Welcome to our dedicated page for Triton Internat news (Ticker: TRTN), a resource for investors and traders seeking the latest updates and insights on Triton Internat stock.
Triton International Limited (TRTN) is described in its public communications as the world’s largest lessor of intermodal freight containers, with a fleet of over 7 million twenty-foot equivalent units (TEU) of owned and managed containers. The news flow around Triton focuses on container leasing, capital markets activity, corporate transactions and strategic partnerships that affect its container fleet and financing structure.
Readers of this news page can follow announcements about Triton’s preference share offerings, such as the pricing and completion of offerings of its 7.625% Series F and 7.500% Series G Cumulative Redeemable Perpetual Preference Shares. These releases describe the terms of the securities, intended use of proceeds for general corporate purposes, and planned or existing listings of the preference shares on the New York Stock Exchange under dedicated symbols.
Triton’s news also covers corporate and financing developments, including amendments to its asset-backed warehouse facility, consent solicitations related to fixed rate notes secured by pools of intermodal containers, and the completion of securitization or other financing arrangements. These items provide insight into how the company funds its container fleet and manages its debt profile.
Another recurring theme in Triton’s news is strategic transactions. The company has issued press releases about its agreement to acquire Global Container International LLC and the subsequent completion of that acquisition, as well as a strategic long-term partnership with Sumitomo Mitsui Finance and Leasing Company, Limited. Earlier, Triton announced the completion of its acquisition by Brookfield Infrastructure Partners L.P., noting that its common shares ceased trading on the NYSE while its preference shares remained listed.
Investors and analysts can use this page to review historical and ongoing announcements related to Triton’s container fleet growth, capital structure, preference share dividends, financing facilities and major corporate transactions.
Triton International Limited (NYSE:TRTN) announced that CEO Brian Sondey will present at the BofA Securities SMID Cap Ideas 2021 Virtual Conference on February 23, 2021, at 1:25 p.m. ET. The presentation will be available via a live webcast on Triton’s investor website, ensuring public access to key insights.
Triton is the largest lessor of intermodal freight containers globally, managing a fleet of 6.2 million twenty-foot equivalent units (TEU). The company engages in the acquisition, leasing, and sale of various container types.
Triton International Limited (TRTN) reported a net income of $115.2 million in Q4 2020, achieving $1.70 per diluted share, marking a 49.1% increase from Q3. For the full year, net income totaled $288.4 million or $4.16 per share. Container demand surged, with a fleet utilization rate of 98.9% as of December 31, 2020. Triton declared a $0.57 quarterly dividend, payable on March 26, 2021. The company ordered approximately $1.7 billion in new containers for 2021, with strong leasing demand expected to continue.
Triton International Limited (NYSE: TRTN) announced a successful offering of $479.1 million in Fixed Rate Asset-Backed Series 2021-1 Class A Notes with a yield of 1.658%, and $23.8 million in Series B Notes at 2.558%. The offering, backed by a pool of containers, reflects strong demand and capitalizes on low interest rates. Proceeds will be used for general corporate purposes, including debt repayment. The Series A Notes are rated 'A' and the Series B Notes 'BBB' by S&P Global Ratings, maturing in 2046.
Triton International Limited (NYSE:TRTN) will host its fourth quarter and full year 2020 earnings conference call on February 16, 2021, at 8:30 a.m. ET. The earnings announcement will be released at 7:00 a.m. that day and will be accessible via the company's website. Triton International remains the world’s largest lessor of intermodal freight containers, operating a fleet exceeding 6.0 million TEU. The conference call will be available both live and as an archive for investors.
Triton International Limited (NYSE: TRTN) hosted a virtual investor day on November 9, 2020, detailing its strong operating and financial performance. The company highlighted a significant rebound in global trade, expecting a 25% increase in Adjusted EPS for Q4 2020. Key points discussed included Triton’s competitive advantages, strong cash flow, and disciplined capital allocation. With a fleet of 6.1 million TEUs, Triton remains the largest lessor of intermodal freight containers, poised for growth amid favorable market trends.
Triton International Limited (NYSE: TRTN) announced a virtual investor day scheduled for November 9, 2020, at 10:30 a.m. ET. The management team will present an overview of the business, highlight operational and financial achievements, and discuss value creation strategies, followed by a Q&A session. Interested individuals can pre-register, access the live webcast, or view an archived replay on Triton's website at www.trtn.com. Triton is the world's largest lessor of intermodal freight containers, operating a fleet of 6.1 million TEUs.
Triton International Limited (NYSE: TRTN) reported a net income of $45.9 million or $0.67 per diluted share for Q3 2020, influenced by a $24.3 million write-off and $8.6 million non-cash tax expense. Adjusted net income rose 32.6% to $78.1 million, or $1.14 per diluted share. Leasing revenues totaled $327.8 million. The company announced a 10% dividend increase to $0.57 per share, payable on December 23, 2020. Container utilization also improved to 97.4%.
Triton International Limited (NYSE:TRTN) will conduct its third quarter 2020 earnings conference call on October 23, 2020, at 8:30 a.m. ET. The earnings announcement and presentation will be released at 7:00 a.m. on the same day. An archive of the Webcast will be available one hour post-call on www.trtn.com. Triton is recognized as the world’s largest lessor of intermodal freight containers, managing a fleet of over 6 million TEUs.
Triton International Limited (NYSE:TRTN) announced the pricing of a public secondary offering of 10,706,982 common shares by Vestar Capital Partners LLC at $38.25 per share. The Company will not sell any shares nor receive proceeds. The sale is set to close on October 5, 2020, subject to customary conditions. Post-sale, Vestar and its affiliates will hold no shares of Triton. Goldman Sachs is the sole underwriter for this offering.
Triton International Limited (NYSE:TRTN) announced a public secondary offering of 10,706,982 common shares by Vestar Capital Partners and affiliated funds, effective October 1, 2020. Triton is not participating in the sale and will not receive any proceeds. Post-offering, the selling shareholders will no longer hold Triton shares. Goldman Sachs is the sole underwriter. This offering is made under an existing shelf registration statement filed with the SEC. Forward-looking statements include risks like market conditions and the impact of COVID-19 on business.