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.

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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.

Textainer (TGH) could be a great choice for investors looking to make a profit from fundamentally strong stocks that are currently on the move. It is one of the several stocks that made it through our "Recent Price Strength" screen.

What Makes Textainer (TGH) a Good Fit for "Trend Investing"

Textainer Group Holdings Limited (TGH) CEO Olivier Ghesquiere on Q4 2021 Results - Earnings Call Transcript

HAMILTON, Bermuda, Feb. 10, 2022 /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 fourth-quarter and full-year ended December 31, 2021.   Key Financial Information (in thousands except for per share and TEU amounts) and Business Highlights: QTD Full-Year Q4 2021 Q3 2021 Q4 2020 2021 2020 Lease rental income $ 198,222 $ 195,830 $ 161,491 $ 750,730 $ 600,873 Gain on sale of owned fleet containers, net $ 16,007 $ 20,028 $ 7,820 $ 67,229 $ 27,230 Income from operations $ 113,986 $ 114,037 $ 71,816 $ 430,131 $ 221,599 Net income attributable to common shareholders $ 72,885 $ 64,729 $ 44,260 $ 273,459 $ 72,822 Net income attributable to common shareholders per diluted common share $ 1.45 $ 1.28 $ 0.87 $ 5.41 $ 1.36 Adjusted net income (1) $ 73,229 $ 76,502 $ 41,147 $ 284,087 $ 87,277 Adjusted net income per diluted common share (1) $ 1.46 $ 1.52 $ 0.81 $ 5.62 $ 1.63 Adjusted EBITDA (1) $ 182,150 $ 184,240 $ 136,834 $ 697,948 $ 476,210 Average fleet utilization (2) 99.7 % 99.8 % 98.5 % 99.8 % 96.6 % Total fleet size at end of period (TEU) (3) 4,322,367 4,264,946 3,774,053 4,322,367 3,774,053 Owned percentage of total fleet at end of period 92.8 % 92.6 % 88.0 % 92.8 % 88.0 % (1) Refer to the "Use of Non-GAAP Financial Information" set forth below.

Textainer Group Holdings Limited Reports Fourth-Quarter and Full-Year 2021 Results and Declares Dividend

Donald Smith & Co. released this week its fourth-quarter portfolio, revealing that its top trades included boosts to its holdings of Textainer Group Holdings Ltd. ( TGH , Financial), Kinross Gold Corp. ( KGC , Financial) and Enact Holdings Inc. ( ACT , Financial) as well as reductions to its positions in American National Group Inc. ( ANAT , Financial) and Alcoa Corp. ( AA , Financial).

Donald Smith & Co. Plunges Into Textainer Group

HAMILTON, Bermuda, Feb. 2, 2022 /PRNewswire/ -- Textainer Group Holdings Limited (NYSE:TGH) ("Textainer"), one of the world's largest lessors of intermodal containers, will release fourth quarter and full-year 2021 financial results after the close of regular market trading on Thursday, February 10, 2022. A conference call to discuss its results will follow at 5:00 p.m.

Textainer Announces Date for the Fourth Quarter and Full-Year 2021 Earnings Release and Conference Call

Textainer is a Bermuda-based lessor of shipping containers. The tailwind in the sector resulted in a demand spike and a longer duration of the leasing contracts.

Textainer: The Current Container Market Tailwinds Could Last A Decade

We return for 2022 with our latest episode focused on the container box lessor segment of the market. Textainer Group has been selected as one of our top ideas in 2022 with a "fair value estimate" of $55/sh.

Textainer Group: Updates On Container Leasing Markets And A Top Idea In 2022 (Podcast Transcript)

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HAMILTON, Bermuda , Nov. 16, 2021 /PRNewswire/ -- Textainer Group Holdings Limited (NYSE: TGH) ("Textainer"), one of the world's largest lessors of intermodal containers, today announced that Textainer Marine Containers II Limited ("TMCL II"), an indirect, wholly-owned subsidiary of the Company, completed an amendment to renew and extend the term on its $1.5 billion warehouse facility used to acquire intermodal containers. The facility incorporates a three-year revolving period that was extended to November 2024.

Textainer Renews and Extends its $1.5 Billion Warehouse Facility

HAMILTON, Bermuda, Nov. 10, 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 that Olivier Ghesquiere, President and Chief Executive Officer, and Michael Chan, Executive Vice President and Chief Financial Officer, will participate in the NYSE Investor Access Day on November 16, 2021. Ghesquiere and Chan will be available for one-on-one and small group meetings with investors.

Textainer to Participate in NYSE Investor Access Day

Textainer Group Holdings Limited (TGH) CEO Olivier Ghesquiere on Q3 2021 Results - Earnings Call Transcript

Textainer (TGH) delivered earnings and revenue surprises of 27.73% and 1.24%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

Textainer Group (TGH) Q3 Earnings and Revenues Surpass Estimates

Textainer Group Holdings (NYSE:TGH) reported its Q3 earnings results on Thursday, November 4, 2021 at 04:00 PM. Here's what investors need to know about the announcement.

Recap: Textainer Group Holdings Q3 Earnings

HAMILTON, Bermuda, Nov. 4, 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 third-quarter ended September 30, 2021. Key Financial Information (in thousands except for per share and TEU amounts) and Business Highlights: QTD Q3 2021 Q2 2021 Q3 2020 Lease rental income $ 195,830 $ 187,434 $ 149,130 Gain on sale of owned fleet containers, net $ 20,028 $ 18,836 $ 7,976 Income from operations $ 114,037 $ 110,007 $ 54,109 Net income attributable to common shareholders $ 64,729 $ 73,795 $ 16,952 Net income attributable to common shareholders    per diluted common share              $ 1.28 $ 1.45 $ 0.32 Adjusted net income (1) $ 76,502 $ 75,204 $ 21,634 Adjusted net income per diluted common share (1) $ 1.52 $ 1.48 $ 0.41 Adjusted EBITDA (1) $ 184,240 $ 178,448 $ 118,960 Average fleet utilization (2) 99.8 % 99.8 % 96.0 % Total fleet size at end of period (TEU) (3) 4,264,946 4,101,575 3,599,889 Owned percentage of total fleet at end of period 92.6 % 90.6 % 87.1 % (1) Refer to the "Use of Non-GAAP Financial Information" set forth below.

Textainer Group Holdings Limited Reports Third-Quarter 2021 Results and Reinstates Quarterly Dividend

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HAMILTON, Bermuda, Oct. 27, 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 third quarter 2021 financial results after the close of regular market trading on Thursday, November 4, 2021. A conference call to discuss its results will follow at 5:00 p.m.

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

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Let's see if Textainer (TGH) stock is a good choice for value-oriented investors right now from multiple angles.

Is Textainer (TGH) a Suitable Stock for Value Investors Now?

Textainer issued 6 million preferred shares series B with a 6.25% preferred dividend yield. I think the two outstanding classes of preferred shares are safe, both from a dividend coverage perspective as well as an asset coverage view.

The Recent Textainer Preferred Issue Was A Steal Below Par

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News for Textainer Group Holdings Limited Stock (TGH)