earnings
confidence high
sentiment negative
materiality 0.80
Triton International Q2 net income down 19.3% YoY to $128.7M; Brookfield acquisition on track for Q3
Triton International Ltd
2023-Q1 EPS reported
$4.77
revenue$45,528,000
- GAAP net income $128.7M ($2.34 diluted EPS), down 19.3% YoY and 4.1% QoQ.
- Adjusted net income $131.3M ($2.38 diluted EPS), down 18.5% YoY.
- Fleet utilization averaged 97.0% in Q2, 96.6% as of July 25, 2023.
- Special meeting to approve Brookfield Infrastructure acquisition set for Aug 24; close expected Q3 2023.
- Results include $2.6M of transaction costs related to the pending merger.