TRTN Stock Recent News
TRTN LATEST HEADLINES
The deal is expected to be a lucrative offer fro Triton's (TRTN) shareholders.
Brookfield Infrastructure Partners has agreed to acquire Triton for $13.3 billion, including assumed debt. The offer price is a premium of more than 30% over where Triton traded yesterday.
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?