Triton Q1 net income $136.8M ($2.44 EPS), down 12% YoY; utilization 97.6%

Triton International Ltd

2023-Q1 EPS reported $2.44 revenue$19,102,000

Net income $136.8M ($2.44 diluted EPS), down 12.2% YoY; adjusted net income $136.1M ($2.42 adjusted EPS), down 12.3% YoY.
Total leasing revenues $397.7M, down 4.7% from Q1 2022 ($417.1M) and 4.5% from Q4 2022 ($416.3M).
Average container utilization 97.6% in Q1, 97.1% as of April 25; share repurchase of 1.7M shares in Q1, program suspended due to pending acquisition.
Agreement to be acquired by Brookfield Infrastructure announced April 12, expected close Q4 2023.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Triton International Ltd reported the quarter ended March 31, 2023 results: revenue $397.7, net income $136.8, EPS $2.44.

Period: the quarter ended March 31, 2023
Revenue: $397.7
Net income: $136.8
EPS: $2.44
Result: reported results

Exact text from the filing

Triton’s selected key financial information: (in millions, except per share data) Three Months Ended, March 31, 2023 December 31, 2022 March 31, 2022 Total leasing revenues $397.7 $416.3 $417.1 GAAP Net income attributable to common shareholders $136.8 $152.2 $181.2 Net income per share - Diluted $2.44 $2.61 $2.78 Non-GAAP (1) Adjusted net income $136.1

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Source: SEC EDGAR

accession 0001660734-23-000057

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