TRITON INTERNATIONAL Reports Financial Results for FY2023 Q2, Ending June 30.
August 11, 2023
🌥️Earnings Overview
For the quarter ended June 30, 2023, Triton International ($NYSE:TRTN) reported total revenue of USD 434.6 million, a year-over-year decrease of 13.9%. Net income was USD 141.8 million, a drop of 28.3% from the same period in the prior year.
Share Price
On Tuesday, TRITON INTERNATIONAL reported their financial results for the second quarter of FY2023, ending June 30. The company opened at $84.3 and closed at the same price, indicating that investors remained relatively stable after learning of the financial performance of the company during the quarter. This revenue increase was largely attributed to increased sales in their primary product line. This was attributed to increased efficiency and cost-cutting measures.
All in all, TRITON INTERNATIONAL reported a solid second quarter, providing investors with a strong indication of their financial position moving forward. Despite closing at the same price as when it opened, investors seemed to remain confident in the company and its ability to perform well in the future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Triton International. More…
| Total Revenues | Net Income | Net Margin |
| 1.83k | 594.51 | 35.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Triton International. More…
| Operations | Investing | Financing |
| 1.46k | 37.45 | -1.51k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Triton International. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 11.71k | 8.44k | 59.39 |
Key Ratios Snapshot
Some of the financial key ratios for Triton International are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 9.1% | 27.8% | 39.3% |
| FCF Margin | ROE | ROA |
| 62.6% | 13.9% | 3.8% |
Analysis
At GoodWhale, we conducted a financial analysis of TRITON INTERNATIONAL and concluded that it is a low risk investment. Our Risk Rating system considers both financial and business aspects, and TRITON INTERNATIONAL scored favorably in our evaluation. We detected two risk warnings in the income sheet and balance sheet, but these were minor issues that can easily be addressed. To understand more about these potential risks, become a registered user on GoodWhale and get access to our detailed analysis. More…
Peers
The competition between Triton International Ltd and its competitors, Touax, H&E Equipment Services Inc, and Bohai Leasing Co Ltd, is intense. All four companies are vying for the same customers and market share. Each company offers unique services and advantages that set them apart from each other, making the competition even more interesting.
– Touax ($LTS:0IXN)
Touax is a French industrial group that specializes in the leasing and sale of modular buildings, equipment, containers and river barges. It has a market cap of 57.8M as of 2023 and a Return on Equity of 20.2%. The company’s market cap reflects the company’s overall size and its ability to generate profits from its investments. Touax’s ROE indicates the efficiency of its operations and the effectiveness of its management in generating returns for its shareholders. The company has grown substantially in recent years, making its market cap and ROE even more impressive.
– H&E Equipment Services Inc ($NASDAQ:HEES)
H&E Equipment Services Inc. is a full-service material handling and construction equipment dealer serving the United States, Mexico and Canada. It is one of the largest integrated equipment services companies in the nation and offers a comprehensive range of products and services to its customers. The company has a market cap of 1.72 billion dollars as of 2023, which is reflective of its strong performance and financial stability. Furthermore, H&E Equipment Services Inc. has a Return on Equity (ROE) of 35.46%, which is an impressive figure that demonstrates the company’s effectiveness in generating profits from its shareholders’ investments.
– Bohai Leasing Co Ltd ($SZSE:000415)
Bohai Leasing Co Ltd is a Chinese based financial services company that specializes in providing leasing and rental services to corporate clients. The company has a market capitalization of 14.35B as of 2023 and a return on equity of 14.3%. This indicates that the company is making good use of its shareholders’ funds to generate returns, making it an attractive investment for potential investors. Bohai Leasing Co Ltd provides a variety of assets for leasing to its clients, including aircraft, ships, heavy machinery, and other industrial equipment. The company also provides a range of services related to the leasing process, such as lease management, asset management, and financial consulting.
Summary
TRITON INTERNATIONAL has released its financial results for the second quarter of 2023, with total revenue decreasing 13.9% year-over-year to USD 434.6 million. Net income also decreased 28.3% compared to the same period last year, resulting in USD 141.8 million. Investors should note that this could be indicative of an overall declining trend in the company’s performance, and consider diversifying their portfolios accordingly. However, given the company’s solid track record and improving economic conditions, there could be potential for more positive trends in the near future.
Related Posts
Recent Posts
