In Q3 FY2024, Triton International reported revenue of $11.5 million, down 67.2% year-over-year, while net income surged to $150.7 million, up 116.1%. Operating income rose 65.6% to $233.4 million. The company had $85.8 million in cash and $7.5 billion in long-term debt as of September 30, 2024.
•Revenue declined 67.2% YoY to $11.5 million.
•Net income increased 116.1% YoY to $150.7 million.
•Operating income grew 65.6% YoY to $233.4 million.
•Cash and equivalents stood at $85.8 million; long-term debt was $7.5 billion.
Informational summary based on SEC XBRL figures · generated by deepseek-v4-flash. Not investment advice.
Triton International Limited leases and sells intermodal shipping containers and related equipment. Its products include dry containers, refrigerated containers, flat racks, open tops, tank containers, palletwide containers, chassis, generator sets, and rolltrailers.
Triton International Limited was formerly known as Triton Container International Limited and changed its name to Triton International Limited on July 13, 2016. Founded in 1980, the company is based in Hamilton, Bermuda.
What does Triton International Limited (TRTN-PA) do?
Triton International Limited leases and sells intermodal shipping containers and related equipment. Its product offerings include dry containers, refrigerated containers, flat racks, open tops, tank containers, palletwide containers, chassis, generator sets, and rolltrailers. The company serves customers in the global shipping and logistics industry, providing containers that are used to transport goods by ship, rail, and truck. Founded in 1980 and headquartered in Hamilton, Bermuda, Triton International Limited was formerly known as Triton Container International Limited before changing its name in July 2016.
Where is Triton International Limited (TRTN-PA) listed and in what currency?
Triton International Limited is listed on the New York Stock Exchange (NYSE) under the ticker symbol TRTN-PA. The company trades in US dollars (USD), as its primary listing is in the United States. The NYSE is one of the world's largest stock exchanges, providing liquidity and visibility for the company's preferred shares. Investors can buy and sell TRTN-PA shares during regular trading hours on the NYSE.
What sector and industry does Triton International Limited (TRTN-PA) operate in?
Triton International Limited operates in the Industrials sector and specifically within the Rental & Leasing Services industry. This industry involves leasing equipment and assets to businesses, rather than selling them outright. In Triton's case, it leases intermodal shipping containers and related equipment to shipping lines, freight forwarders, and other logistics companies. The rental and leasing model allows customers to access containers without large upfront capital expenditures, while Triton generates recurring revenue from lease payments and also sells containers when demand shifts.
Where is Triton International Limited (TRTN-PA) headquartered and what is its background?
Triton International Limited is headquartered in Hamilton, Bermuda. The company was founded in 1980 and originally operated under the name Triton Container International Limited. On July 13, 2016, it changed its name to Triton International Limited. Bermuda is a common jurisdiction for shipping and logistics companies due to its favorable tax and regulatory environment. Despite being incorporated in Bermuda, Triton's operations are global, serving customers worldwide with intermodal container leasing and sales.
What products does Triton International Limited (TRTN-PA) offer?
Triton International Limited offers a wide range of intermodal shipping containers and related equipment. Its product line includes dry containers for general cargo, refrigerated containers (reefers) for temperature-sensitive goods, flat racks for oversized cargo, open tops for top-loading, tank containers for liquids and gases, palletwide containers for efficient pallet storage, chassis for transporting containers on roads, generator sets to power reefers, and rolltrailers for roll-on/roll-off shipping. These products are leased or sold to customers in the global supply chain, enabling the efficient movement of goods across different modes of transport.