Textainer Group Holdings Limited

Textainer Group Holdings Ltd. engages in the purchase, management, leasing, and resale of a fleet of marine cargo containers. It operates through the following segments: Container Ownership, Container Management, and Container Resale. The Container Ownership segment composed primarily of standard dry freight containers and also includes special-purpose containers. The Container Management segment manages a fleet of containers for and on behalf of owners. The Container Resale segment consists of purchases and leases or resells of containers from shipping line customers, container traders, and other sellers. The company was founded in 1979 and is headquartered in Hamilton, Bermuda.

Earnings data Q1 2024

Textainer Group Holdings (TGH) reports robust Q1 performance and eyes industry consolidation for growth opportunities

TGH delivered a strong Q1 performance with robust financial results and a focus on shareholder value. While challenges exist in the form of industry consolidation and market equilibrium, the company remains well-positioned to capitalize on potential demand resurgence and consolidation opportunities. TGH's proactive approach to capital allocation and operational efficiency underpin its resilience and potential for long-term value creation.

Textainer Group Holdings Reports Strong Q2 Performance and Eyes 2024 Growth Opportunities

Textainer Group Holdings delivered robust Q2 results, showcasing resilience in lease rental income and a positive industry outlook. The company's strategic focus on capital allocation and market dynamics positions it well for future growth.

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Textainer has operated since 1979 and is the world's largest lessor of intermodal containers based on fleet size with a total of more than 2.0 million containers representing more than 3.0 million TEU in our owned and managed fleet. We lease containers to over 400 shipping lines and other lessees. Our fleet consists of standard dry freight, dry freight specials, and refrigerated intermodal containers. We are one of the largest purchasers of new and used containers with annual capital expenditure often exceeding $800 million. We believe we are also the largest seller of used containers, selling up to 100,000 containers per year to more than 1,100 customers. We provide our services via a network of 13 offices and 400 depots worldwide.

NEW YORK and HAMILTON, Bermuda, March 14, 2024 (GLOBE NEWSWIRE) -- Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets, today announced it has completed its acquisition of Textainer Group Holdings Limited (NYSE: TGH; JSE: TXT) (“Textainer” or “the Company”), one of the world's largest lessors of intermodal containers.

Stonepeak Completes Acquisition of Textainer

HAMILTON, Bermuda and NEW YORK, March 14, 2024 (GLOBE NEWSWIRE) -- Textainer Group Holdings Limited (NYSE: TGH; JSE: TXT) (“Textainer”), one of the world's largest lessors of intermodal containers, today announced that it completed the previously announced acquisition of Textainer by investment vehicles managed by Stonepeak.

Textainer Closes Acquisition by Stonepeak and Announces Post-Acquisition Redemption of All Preference Shares and Related Depositary Shares

HAMILTON, Bermuda and NEW YORK, Feb. 23, 2024 (GLOBE NEWSWIRE) -- Textainer Group Holdings Limited (NYSE: TGH; JSE: TXT) (“Textainer”), one of the world's largest lessors of intermodal containers, today announced that at a special meeting of its shareholders held on February 22, 2024, Textainer's shareholders voted to approve the proposed acquisition of Textainer by Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets.

Textainer Announces Shareholder Approval of Its Pending Acquisition by Stonepeak and Receipt of Required Antitrust Approvals

HAMILTON, Bermuda, Feb. 13, 2024 (GLOBE NEWSWIRE) -- Textainer Group Holdings Limited (NYSE: TGH; JSE: TXT) (“Textainer”, “the Company”, “we” and “our”), one of the world's largest lessors of intermodal containers, today reported unaudited financial results for the fourth-quarter and full-year ended December 31, 2023.

Textainer Group Holdings Limited Reports Fourth-Quarter and Full-Year 2023 Results and Declares Dividend

NEW ORLEANS , Jan. 26, 2024 /PRNewswire/ -- Former Attorney General of Louisiana Charles C. Foti, Jr., Esq.

TEXTAINER GROUP INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIANA: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Textainer Group Holdings Limited - TGH

HAMILTON, Bermuda and NEW YORK, Jan. 17, 2024 (GLOBE NEWSWIRE) -- Textainer Group Holdings Limited (NYSE: TGH; JSE: TXT) (“Textainer”), one of the world's largest lessors of intermodal containers, today announced that it has published its proxy statement relating to a special meeting of its shareholders (the “Special Meeting”) to approve the previously announced acquisition of Textainer by Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets. The Special Meeting is scheduled for February 22, 2024 at 1:30 p.m.

Textainer Announces Date Of Special Meeting And Publication Of Its Proxy Statement To Approve Acquisition By Stonepeak

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Lisa P. Young Appointed to Valo's Board of Directors

HAMILTON, Bermuda and NEW YORK, Nov. 22, 2023 (GLOBE NEWSWIRE) -- Textainer Group Holdings Limited (NYSE: TGH; JSE: TXT) (“Textainer”), one of the world's largest lessors of intermodal containers, today announced the expiration of the 30-day “go-shop” period under the terms of the previously announced definitive agreement to be acquired by Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets. Under and subject to the terms of the agreement, Stonepeak will acquire Textainer for $50.00 per share in cash, representing an enterprise value of approximately $7.4 billion. The “go-shop” period expired at 12:01 a.m. Eastern Time on November 22, 2023.

Textainer Announces Expiration of “Go-Shop” Period

HAMILTON, Bermuda, Nov. 02, 2023 (GLOBE NEWSWIRE) -- Textainer Group Holdings Limited (NYSE: TGH; JSE: TXT) (“Textainer”, “the Company”, “we” and “our”), one of the world's largest lessors of intermodal containers, today reported financial results for the third-quarter ended September 30, 2023.

Textainer Group Holdings Limited Reports Third-Quarter 2023 Results and Declares Dividend

Textainer is on track to be acquired by a private equity firm. The shipping specialist is poised to be bought out at a price of $50 per share.

Why Textainer Stock Is Skyrocketing This Week

HAMILTON, Bermuda, Oct. 26, 2023 (GLOBE NEWSWIRE) -- Textainer Group Holdings Limited (NYSE:TGH; JSE:TXT) (“Textainer”, “we” and “our”), one of the world's largest lessors of intermodal containers, will release third quarter 2023 financial results before the open of regular market trading on Thursday, November 2, 2023.

Textainer Announces Date for the Third Quarter 2023 Earnings Release

Textainer Holdings has accepted a go-private offer from private equity group Stonepeak, resulting in the company being delisted. Stonepeak's all-cash offer is attractive and represents the highest-ever share price for Textainer. The proposed deal ensures that every shareholder, both common and preferred, will make a profit.

Textainer Group: Fair Go-Private Offers Immediate Capital Gains

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Textainer Group Holdings Limited (NYSE: TGH) to Stonepeak. Under the terms of the proposed transaction, shareholders of Textainer will receive $50.00 in cash for each share of Textainer that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether.

TEXTAINER GROUP INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Textainer Group Holdings Limited - TGH

Late Sunday, Textainer announced it would be taken private in a deal valued at more than $7 billion. The cash offer price is more than 40% above Friday's close.

Why Textainer Group Stock Is Soaring Today

Stonepeak announced plans to buy shipping container manager Textainer in a deal worth $7.4 billion Sunday. TGH stock vaults 44%.

TGH Stock Vaults 44% On $7.4 Billion Stonepeak Deal

Hess

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The 2 Monday Mergers to Watch on Wall Street

Shares in Textainer Group Holdings Ltd climbed in pre-market trading on news that the shipping container firm had agreed to a US$7.4 billion sale to investment firm Stonepeak. New York-listed Textainer announced the deal on Sunday, which will see Stonepeak buy its shares for US$50 each - up 46% on Friday's closing price.

Shipping firm Textainer rises as sale agreed

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of Textainer Group Holdings Limited (NYSE: TGH) to Stonepeak for $50.00 per share in cash is fair to Textainer shareholders. Halper Sadeh encourages Textainer shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or sadeh@halpersadeh.com or zhalper@halpersadeh.com. The investigation concerns whether Textai.

TGH Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of Textainer Group Holdings Limited Is Fair to Shareholders

HAMILTON, Bermuda and NEW YORK, Oct. 22, 2023 (GLOBE NEWSWIRE) -- Textainer Group Holdings Limited (NYSE: TGH; JSE: TXT) (“Textainer”, “Company”, “we” and “our”), one of the world's largest lessors of intermodal containers, today announced that it has entered into a definitive agreement to be acquired by Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets. Upon completion of the transaction and the redemption of Textainer's Series A and B cumulative redeemable perpetual preference shares, Textainer will become a privately held company.

Textainer to be Acquired by Stonepeak for $7.4 Billion

Textainer Group Holdings Limited has seen a 40% increase in share price in the last 12 months and is trading at a fair valuation. TGH operates in the global intermodal container industry and specializes in the ownership and management of containers. TGH is expected to see an uptick in revenues in the third and fourth quarters, which could lead to another increase in share price.

Textainer Group Holdings: Still Upside Potential

Textainer has seen its revenues decrease but remains profitable despite a slowdown in the world economy. The company has been buying back its own shares and has stabilized its debt levels. The preferred shares of Textainer offer an attractive risk/reward ratio, with higher yields and potential for dividend resets.

Textainer: I Like The 8.3% Yielding Preferred Shares

Textainer (TGH) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Textainer (TGH) Upgraded to Strong Buy: Here's What You Should Know

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Is Textainer Group (TGH) Stock Undervalued Right Now?

Should Value Investors Buy Textainer Group (TGH) Stock?

Textainer Group Holdings Ltd (NYSE:TGH ) Q2 2023 Earnings Conference Call August 1, 2023 11:00 AM ET Company Participants Tamara Bakarian - Director, IR Olivier Ghesquiere - President, CEO & Director Michael Chan - EVP & CFO Conference Call Participants Liam Burke - B. Riley Securities Operator Thank you, and welcome to Textainer's Second Quarter 2023 Earnings Conference Call.

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