Triton International Hosting Virtual Investor Day
09 Novembro 2020 - 9:30AM
Business Wire
November 9, 2020 – Triton International Limited (NYSE:
TRTN) ("Triton") today will host a virtual investor day during
which members of the executive team will provide investors and
analysts with an overview of Triton’s operating and financial
performance, competitive advantages and outlook, followed by a
Q&A session.
During the event, the Company will discuss:
- The sharp rebound in global trade that is driving outstanding
current performance;
- Triton’s long track record of outperformance in terms of
earnings, return on equity and total shareholder return;
- Triton’s strong cash flow and disciplined approach to capital
allocation which enables consistent value creation through
long-term asset growth, robust dividends and share
repurchases;
- Key competitive advantages, including scale, capability and
cost leadership, that drive superior performance; and
- Attractive market fundamentals and trends underlying Triton’s
positive outlook.
Triton also is updating its financial outlook for the fourth
quarter of 2020. Triton now expects its Adjusted earnings per share
(“Adjusted EPS”) to increase 25% or more from the third to the
fourth quarter of 2020.
The event will begin at 10:30 a.m. ET today with a live video
webcast accessible by visiting the Investors section of Triton’s
website at www.trtn.com. Please allow extra time prior to the start
of the event to download any necessary software that may be needed
to view the webcast. Presentation materials are available on the
website and an archived replay will be available on the website
shortly after the event concludes.
About Triton International
Limited
Triton International Limited is the world’s largest lessor of
intermodal freight containers. With a container fleet of 6.1
million twenty-foot equivalent units ("TEU"), Triton’s global
operations include acquisition, leasing, re-leasing and subsequent
sale of multiple types of intermodal containers and chassis.
Cautionary Statement Regarding
Forward-Looking Statements
Certain statements in this release, other than purely historical
information, are "forward-looking statements" within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended. Statements
that include the words "expect," "intend," "plan," "believe,"
"project," "anticipate," "will," "may," "would" and similar
statements of a future or forward-looking nature may be used to
identify forward-looking statements. All forward-looking statements
address matters that involve risks and uncertainties, many of which
are beyond Triton's control. Accordingly, there are or will be
important factors that could cause actual results to differ
materially from those indicated in such statements and, therefore,
you should not place undue reliance on any such statements. These
factors include, without limitation, economic, business,
competitive, market and regulatory conditions and the following:
the impact of COVID-19 on Triton’s business and financial results;
decreases in the demand for leased containers; decreases in market
leasing rates for containers; difficulties in re-leasing containers
after their initial fixed-term leases; our customers' decisions to
buy rather than lease containers; our dependence on a limited
number of customers for a substantial portion of our revenues;
customer defaults; decreases in the selling prices of used
containers; extensive competition in the container leasing
industry; difficulties stemming from the international nature of
our business; decreases in the demand for international trade;
disruption to our operations resulting from the political and
economic policies of the United States and other countries,
particularly China, including but not limited to the impact of
trade wars and tariffs; disruption to our operations from failures
of, or attacks on, our information technology systems; disruption
to our operations as a result of natural disasters; our compliance
or failure to comply with laws and regulations related to economic
and trade sanctions, security, anti-terrorism, environmental
protection and corruption; our ability to obtain sufficient capital
to support our growth; restrictions imposed by the terms of our
debt agreements; changes in tax laws in, Bermuda, the United States
and other countries and other risks and uncertainties, including
those described in Triton’s periodic reports on file with the
Securities and Exchange Commission. Except to the extent required
by applicable law, we undertake no obligation to update publicly or
revise any forward-looking statement, whether as a result of new
information, future developments or otherwise.
Non-GAAP Financial
Measures
To supplement its reporting of financial measures determined in
accordance with GAAP, Triton utilizes certain non-GAAP financial
measures in this press release, including Adjusted EPS. Adjusted
EPS is adjusted for certain items management believes are not
representative of our operating performance, including debt
termination expenses net of tax, unrealized gains and losses on
derivative instruments net of tax, and foreign and other income tax
adjustments,. This information is provided only on a non-GAAP basis
without a reconciliation of these measures to the mostly directly
comparable GAAP measure due to the inherent difficulty in
forecasting and quantifying certain amounts that are necessary for
such reconciliation. These items depend on highly variable factors,
many of which may not be in our control, and which could vary
significantly from future GAAP financial results. Non-GAAP
financial measures should not be considered as alternatives to, or
more meaningful than, financial measures prepared in accordance
with GAAP. In addition, the non-GAAP financial measures included in
this press release may not be comparable to similarly titled
measures reported by other companies.
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version on businesswire.com: https://www.businesswire.com/news/home/20201109005362/en/
Andrew Greenberg Senior Vice President Business Development
& Investor Relations (914) 697-2900
Triton (NYSE:TRTN)
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