Triton International reports Q2 EPS $2.38, consensus $2.34

Reports Q2 revenue $386.5M, consensus $396.81M. “Triton delivered solid results in the second quarter of 2023,” commented Brian Sondey, CEO. “We generated $2.38 of Adjusted net income per share and an annualized return on equity of 21.2%. While market conditions in the second quarter remained slow overall, drop-off volumes decreased from the first quarter level and we experienced some pockets of demand. In addition, our revenues and profitability are well protected by our strong long-term lease portfolio. Our utilization averaged 97.0% during the second quarter and currently stands at 96.6%.”