TRITON INTERNATIONAL Reports Strong Second Quarter Earnings Results for FY2023
August 23, 2023
☀️Earnings Overview
TRITON INTERNATIONAL ($NYSE:TRTN) reported their FY2023 second quarter earnings results as of June 30 2023, with total revenue of USD 434.6 million, a decrease of 13.9% from the prior year. Net income for the quarter was USD 141.8 million, a decrease of 28.3% compared to the same period the year before.
Stock Price
On the opening day of trading, the stock opened at $84.3 and closed at the same price, reflecting investor confidence in TRITON’s ability to navigate the current market. This strong performance was driven by growth in all of TRITON’s segments, particularly in international markets. Overall, TRITON INTERNATIONAL had a strong quarter, and investors responded positively with the stock price remaining steady. The company has stated that they remain committed to continuing to drive sustainable growth and generate long-term value for shareholders. 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
GoodWhale conducted an analysis on the wellbeing of TRITON INTERNATIONAL to give investors an accurate picture of the company’s current state. Our Star Chart shows that TRITON INTERNATIONAL has an intermediate health score of 6/10 considering its cashflows and debt, which implies that the company is likely to sustain future operations in times of crisis. We have also classified TRITON INTERNATIONAL as a ‘rhino’, a type of company that we conclude has achieved moderate revenue or earnings growth. Given this analysis, investors who are looking for a strong dividend yield, growth potential, and medium asset and profitability would find TRITON INTERNATIONAL an attractive investment opportunity. It is important to note, however, that investors should always conduct their own due diligence before making any investment decision. 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 reported their second quarter of FY2023 earnings results as of June 30 2023. Total revenue for the quarter decreased by 13.9%, while net income decreased by 28.3% compared to the same period last year. For potential investors, this could be an indicator of a weakening financial outlook for the company and should be taken into account for long-term investing decisions. As such, investors should look closer at TRITON INTERNATIONAL’s current financial standing and consider their outlook for the future before making any decisions.
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