Quarterly ResultApr 28, 2026, 02:43 PM
TRTN Q1 Net Income $106.4M (-26.5%); Revenue $312.2M (-18.5%); Issues $600M Bond
AI Summary
Triton International Ltd reported Q1 2026 net income of $106.4 million, a 26.5% decrease from $144.8 million in Q1 2025. Total revenues also declined by 18.5% to $312.2 million. The company issued $175 million in Series G Preference Shares and completed a $600 million senior unsecured bond offering in January 2026. Additionally, Triton established a $2 billion commercial paper program in March 2026.
Key Highlights
- Q1 2026 Net Income: $106.4 million, down 26.5% from Q1 2025.
- Q1 2026 Total Revenues: $312.2 million, down 18.5% from Q1 2025.
- Q1 2026 Operating Lease Revenues: $278.3 million, down 21.9% from Q1 2025.
- Issued $175 million in Series G Preference Shares in January 2026.
- Completed $600 million senior unsecured bond offering in January 2026.
- Established $2 billion commercial paper program in March 2026.
- Q1 2026 Net cash provided by operating activities: $205.9 million.
- Q1 2026 Purchases of leasing equipment: $51.5 million.