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.

The world needs more containers, which is good news for the companies that own and lease them.

Why Textainer Group Stock Shot Higher in May

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5 Stocks with Solid Track Records at Attractive Prices

HAMILTON, Bermuda, June 1, 2021 /PRNewswire/ -- Textainer Group Holdings Limited (NYSE: TGH / JSE: TXT) ("Textainer", "the Company", "we" and "our") announced that two new members of its Board of Directors were elected at the May 26, 2021 Annual Meeting of Shareholders.  James Earl and Cynthia Hostetler were elected as new Class II directors and Olivier Ghesquiere was re-elected as a Class II director at the Annual Meeting.

Textainer Group Holdings Limited Welcomes New Members of the Board of Directors

Textainer (TGH) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might help the stock continue moving higher in the near term.

Textainer (TGH) Stock Jumps 8.8%: Will It Continue to Soar?

Textainer Group Holdings share price has outperformed peers CAI and Triton International over the past year.

Textainer's Price Reaches Parity With Peers

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Is Textainer Group (TGH) a Great Value Stock Right Now?

Textainer Group Holdings Limited (TGH) CEO Olivier Ghesquiere on Q1 2021 Results - Earnings Call Transcript

Shares of Textainer Group Holdings (NYSE:TGH) increased in after-market trading after the company reported Q1 results. Quarterly Results Earnings per share were up 582.35% year over year to $1.16, which beat the estimate of $0.91.

Recap: Textainer Group Holdings Q1 Earnings

HAMILTON, Bermuda, May 11, 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 first-quarter ended March 31, 2021. Key Financial Information (in thousands except for per share and TEU amounts) and Business Highlights: QTD Q1 2021 Q4 2020 Q1 2020 Lease rental income $ 169,244 $ 161,491 $ 145,478 Gain on sale of owned fleet containers, net $ 12,358 $ 7,820 $ 5,794 Income from operations $ 92,101 $ 71,816 $ 46,409 Net income (loss) attributable to Textainer Group Holdings    Limited common shareholders $ 62,050 $ 44,260 $ (4,379) Net income (loss) attributable to Textainer Group Holdings    Limited common shareholders per diluted common share $ 1.22 $ 0.87 $ (0.08) Adjusted net income (1) $ 59,152 $ 41,147 $ 9,702 Adjusted net income per diluted common share (1) $ 1.16 $ 0.81 $ 0.17 Adjusted EBITDA (1) $ 153,110 $ 136,834 $ 110,439 Average fleet utilization (2) 99.6 % 98.5 % 96.2 % Total fleet size at end of period (TEU) (3) 3,961,491 3,774,053 3,450,680 Owned percentage of total fleet at end of period 90.2 % 88.0 % 85.6 % (1) Refer to the "Use of Non-GAAP Financial Information" set forth below.

Textainer Group Holdings Limited Reports First-Quarter 2021 Results

On Tuesday, May 11, Textainer Group Holdings (NYSE:TGH) will release its latest earnings report. Benzinga's report can help you figure out the ins and outs of the earnings release.

Textainer Group Holdings Earnings Preview

Lease rental income is likely to have increased in the March quarter at Textainer (TGH).

Textainer (TGH) to Report Q1 Earnings: What's in Store?

HAMILTON, Bermuda, May 5, 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 first quarter 2021 financial results after the close of regular market trading on Tuesday, May 11, 2021. A conference call to discuss its results will follow at 5:00 p.m.

Textainer Announces Date for the First Quarter 2021 Earnings Release and Conference Call

The recent increase in shipping has been a boon, but there could be some pushback that causes problems.

Why Textainer Group Stock Dropped 10% in April

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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) to Report Q1 Results: Wall Street Expects Earnings Growth

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HAMILTON, Bermuda, April 14, 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 April 13, 2021 of 6,000,000 depositary shares, each representing a 1/1,000th interest in a share of its 7.00% Series A 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. Textainer intends to list the depositary shares on the New York Stock Exchange ("NYSE") under the ticker symbol "TGH PRA".

Textainer Completes Public Offering of 6,000,000 Depositary Shares Representing an Interest in Series A Preference Shares

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Textainer is a major container lessor, owning a fleet of 2.4 million containers for a TEU exceeding 3 million. Rather than buying the common shares, I'm charmed by the very recent issue of the 7% preferred shares.

Textainer: The New 7% Preferred Share Issue Is Very Attractive

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HAMILTON, Bermuda, April 7, 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 of its public offering of 6,000,000 depositary shares, each representing a 1/1,000th interest in a share of its 7.00% Series A 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 offering is expected to close on April 13, 2021, subject to satisfaction of customary closing conditions.

News for Textainer Group Holdings Limited Stock (TGH)