Textainer reports Q4 EPS 84c vs $1.38 last year

Reports Q4 revenue $190.83M vs $202.912M last year. “We delivered solid full-year and fourth quarter 2023 results, demonstrating the strength in our business fundamentals. For the full year, lease rental income decreased by 5% to $770 million due to fleet attrition stemming from a slower capex environment. Fleet utilization has however increased to its highest level of the year at 99.3% as of the end of the fourth quarter. Adjusted net income was $198 million or $4.63 per diluted common share for the full year, while adjusted EBITDA was $644 million,” stated Olivier Ghesquiere, President and Chief Executive Officer.