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 Q2 2020

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Textainer Group Holdings reports robust 2022 performance and eyes growth

Textainer Group Holdings exhibited strong financial performance and capital management in 2022, with a focus on shareholder value through buybacks and dividends.
While facing challenges in market demand shifts and optimizing asset sales, the company remains resilient and anticipates growth opportunities in 2023.
Overall, Textainer's performance, strategic initiatives, and market outlook position it well for continued success and value creation for shareholders.

Textainer Group Holdings reports robust Q1 earnings amidst market optimism

Textainer Group Holdings Limited (TGH) delivered strong financial results in Q1 2023, showcasing operational efficiency and a commitment to enhancing shareholder value.
While facing challenges such as fluctuating gain on sales and market uncertainties, the company remains well-positioned to capitalize on growth opportunities in the container leasing sector.
With a focus on stable performance, capital allocation, and market optimism, Textainer is poised to navigate industry dynamics and drive sustainable value creation for its stakeholders.

Textainer Group Holdings reports robust Q2 earnings and optimistic outlook

Textainer Group Holdings delivered a strong performance in Q2 2023, showcasing financial stability, operational efficiency, and strategic focus on cash flow allocation.
The company's strengths lie in its high fleet utilization rates, disciplined capital allocation, and confidence in the market outlook, supported by a strong balance sheet.
While facing challenges such as limited CapEx opportunities and potential fluctuations in shipping market dynamics, Textainer remains optimistic about growth opportunities and maintaining profitability.

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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.

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Is (TGH) Outperforming Other Transportation Stocks This Year?

Has Textainer Group Holdings (TGH) Outpaced Other Transportation Stocks This Year?

HAMILTON, Bermuda, Aug. 23, 2021 /PRNewswire/ -- Textainer Group Holdings Limited (NYSE:TGH; JSE: TXT) ("Textainer", "we", and "our"), one of the world's largest lessors of intermodal containers, today announced the completion of its public offering on August 23, 2021 of 6,000,000 depositary shares, each representing a 1/1,000th interest in a share of its 6.250% Series B Cumulative Redeemable Perpetual Preference Shares, par value $0.01 per share and $25,000 liquidation preference per share (equivalent to $25.00 per depositary share), for an aggregate public offering price of $150,000,000, before underwriting commissions and estimated expenses. The 6.250% dividend rate on the Series B Cumulative Redeemable Perpetual Preference Shares is fixed for life and does not reset.

Textainer Completes Public Offering of 6,000,000 Depositary Shares Representing Interests in Series B Preference Shares

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HAMILTON, Bermuda, Aug. 20, 2021 /PRNewswire/ -- Textainer Group Holdings Limited (NYSE:TGH; JSE: TXT) ("Textainer", "we", and "our"), one of the world's largest lessors of intermodal containers, today announced that Textainer Marine Containers VI Limited ("TMCL VI"), an indirect, wholly-owned subsidiary of the Company, has redeemed approximately $208 million in aggregate principal outstanding of senior secured term loans ("term loans") with an average interest rate of 4.30% and an original scheduled maturity in February 2025. In accordance with the early redemption provisions of the term loans, Textainer made a make-whole payment of approximately $11 million.

Textainer Announces Early Redemption of $208 million Secured Term Loans

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HAMILTON, Bermuda, Aug. 17, 2021 /PRNewswire/ -- Textainer Group Holdings Limited (NYSE:TGH; JSE: TXT) ("Textainer", "we", and "our"), one of the world's largest lessors of intermodal containers, today announced the pricing on August 16, 2021 of its public offering of 6,000,000 depositary shares, each representing a 1/1,000th interest in a share of its 6.250% Series B Cumulative Redeemable Perpetual Preference Shares, par value $0.01 per share and $25,000 liquidation preference per share (equivalent to $25.00 per depositary share), for an aggregate public offering price of $150,000,000.  The 6.250% dividend rate on the Series B Cumulative Redeemable Perpetual Preference Shares is fixed for life and does not reset.

Textainer Announces Pricing of 6,000,000 Depositary Shares Representing Interests in Series B Preference Shares

Textainer Group Holdings Limited (TGH) CEO Olivier Ghesquiere on Q2 2021 Results - Earnings Call Transcript

Textainer Group Holdings Limited (NYSE: TGH) reported second-quarter Lease rental income growth of ~30% year-over-year to $187.43 million, beating the consensus estimate of $186.63 million. Adjusted EPS improved to $1.48 from $0.28 in 2Q20, beating consensus estimates of $1.19.

Textainer Stock Gains After Q2 Earnings Beat Expectations

Textainer (TGH) delivered earnings and revenue surprises of 24.37% and -3.37%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

Textainer Group (TGH) Q2 Earnings Surpass Estimates

HAMILTON, Bermuda, Aug. 5, 2021 /PRNewswire/ -- 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 second-quarter ended June 30, 2021. Key Financial Information (in thousands except for per share and TEU amounts) and Business Highlights: QTD Q2 2021 Q1 2021 Q2 2020 Lease rental income $ 187,434 $ 169,244 $ 144,774 Gain on sale of owned fleet containers, net $ 18,836 $ 12,358 $ 5,640 Income from operations $ 110,007 $ 92,101 $ 49,265 Net income attributable to common shareholders $ 73,795 $ 62,050 $ 15,989 Net income attributable to common shareholders    per diluted common share $ 1.45 $ 1.22 $ 0.30 Adjusted net income (1) $ 75,204 $ 59,152 $ 14,794 Adjusted net income per diluted common share (1) $ 1.48 $ 1.16 $ 0.28 Adjusted EBITDA (1) $ 178,448 $ 153,110 $ 109,977 Average fleet utilization (2) 99.8 % 99.6 % 95.4 % Total fleet size at end of period (TEU) (3) 4,101,575 3,961,491 3,458,080 Owned percentage of total fleet at end of period 90.6 % 90.2 % 86.1 % (1) Refer to the "Use of Non-GAAP Financial Information" set forth below.

Textainer Group Holdings Limited Reports Second-Quarter 2021 Results

Uptick in lease rental income is likely to have aided Textainer's (TGH) Q2 performance.

Textainer (TGH) Gears Up for Q2 Earnings: What's in Store?

Textainer Group (TGH) closed at $32.28 in the latest trading session, marking a +0.47% move from the prior day.

Textainer Group (TGH) Gains As Market Dips: What You Should Know

Textainer (TGH) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Textainer Group (TGH) Reports Next Week: Wall Street Expects Earnings Growth

HAMILTON, Bermuda, July 27, 2021 /PRNewswire/ -- Textainer Group Holdings Limited (NYSE:TGH; JSE: TXT) ("Textainer", "we" and "our"), one of the world's largest lessors of intermodal containers, will release second quarter 2021 financial results after the close of regular market trading on Thursday, August 5, 2021. A conference call to discuss its results will follow at 5:00 p.m.

Textainer Announces Date for the Second Quarter 2021 Earnings Release and Conference Call; Participating in an Upcoming Investor Conference

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Textainer (TGH) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.

News for Textainer Group Holdings Limited Stock (TGH)