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A major buyout is on the table for Triton International (NYSE: TRTN ), and TRTN stock is rising on the news. The intermodal container leasing company announced that it has agreed to be acquired by Brookfield Infrastructure (NYSE: BIP ).
High expenses & elevated debt load dent Triton International's (TRTN) prospects.
Triton International invested heavily in its container fleet in 2021, and is now reaping the cash flow benefits of its long-term leases on those containers. With lower capex going forward, free cash flow is strong, but Triton faces decisions on how to deal with 2023 & 2024 debt and starting to call its preferred shares.
Triton has enjoyed windfall profits due to COVID-19 supply chain disruption effects on shipping container short and long-term lease pricing. While 2023 earnings are expected to decline from 2022, underlying long-term earnings growth, ignoring the blip in 2022 earnings, is strong.
Triton (TRTN) reported earnings 30 days ago. What's next for the stock?
Triton's (TRTN) fourth-quarter 2022 earnings increase year over year, while revenues decrease.
Triton International Limited (NYSE:TRTN ) Q4 2022 Earnings Conference Call February 14, 2023 8:30 AM ET Company Participants Brian Sondey - Chairman, Chief Executive Officer Michael Pearl - Chief Financial Officer John O'Callaghan - Global Head of Marketing and Operations Conference Call Participants Larry Solow - CJS Securities Michael Brown - KBW Adam Roszkowski - Bank of America Liam Burke - B. Riley Operator Good morning and welcome to the Triton International Limited fourth quarter 2022 earnings conference call.
Triton (TRTN) delivered earnings and revenue surprises of 2.22% and 1.48%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?
Shipping stocks might see tougher times ahead given macro changes looming. Many of the industry's stocks remains cheaply priced, though.
Here we pick three stocks, Ryder (R), Air Lease (AL) and Triton (TRTN), from the Transportation - Equipment and Leasing industry with a solid five-year dividend growth history.