Textainer : Reports Second-Quarter 2022 Results and Declares Dividend | MarketScreener

2022-08-02 12:43:51 By : Ms. Olina Mo

("Textainer", "the Company", "we" and "our"")

Textainer Group Holdings Limited Reports Second-Quarter 2022 Results and Declares Dividend

Textainer Group Holdings Limited (NYSE: TGH; JSE: TXT) ("Textainer", "the Company", "we" and "our"), one of the world's largest lessors of intermodal containers, today reported unaudited financial results for the second-quarter ended June 30, 2022.

Key Financial Information (in thousands of U.S. dollars, except for per share and TEU amounts) and Business Highlights:

Gain on sale of owned fleet containers, net

Net income attributable to common shareholders

Net income attributable to common shareholders

Adjusted net income per diluted common share

Headline earnings per diluted common share

Net asset value per diluted common share attributable

to the equity holders of the Company

Total fleet size at end of period (TEU)

Owned percentage of total fleet at end of period

U.S. securities laws require that when we publish any non-GAAP measures, we disclosure the reason for using these non-GAAP measures and provide reconciliations to the directly comparable GAAP measures in our full announcement. The presentation of Adjusted net income, Adjusted net income per diluted common share, Adjusted EBITDA, Headline earnings and Headline earnings per diluted common share are non-GAAP measures.

A conference call to discuss the financial results for the second quarter of 2022 will be held at 11:00 am Eastern Time on Tuesday, August 2, 2022. The dial-in number for the conference call is 1-855-327-6837 (U.S. & Canada) and 1-631-891-4304 (International). The call and archived replay may also be accessed via webcast on Textainer's Investor Relations website at http://investor.textainer.com .

About Textainer Group Holdings Limited

Textainer has operated since 1979 and is one of the world's largest lessors of intermodal containers with more than 4 million TEU in our owned and managed fleet. We lease containers to approximately 200

customers, including all of the world's leading international shipping lines, and other lessees. Our fleet consists of standard dry freight, refrigerated intermodal containers, and dry freight specials. We also lease tank containers through our relationship with Trifleet Leasing and are a supplier of containers to the U.S. Military. Textainer is one of the largest and most reliable suppliers of new and used containers. In addition to selling older containers from our fleet, we buy older containers from our shipping line customers for trading and resale. We sold an average of approximately 130,000 containers per year for the last five years to more than 1,000 customers making us one of the largest sellers of used containers. Textainer operates via a network of 14 offices and approximately 400 independent depots worldwide. Textainer has a primary listing on the New York Stock Exchange (NYSE: TGH) and a secondary listing on the Johannesburg Stock Exchange (JSE: TXT). Visit www.textainer.com for additional information about Textainer.

Textainer Group Holdings Limited Investor Relations

Phone: +1 (415) 658-8333ir@textainer.com

This short-form announcement is the responsibility of Textainer's Board of Directors and is a summary of the information in the detailed financial results announcement. This short-form announcement does not contain complete or full announcement details. Any investment decision by investors and/or shareholders should be based on consideration of the full announcement. The short-form announcement has not been audited or reviewed by Textainer's external auditors. The full announcement may be downloaded from https://senspdf.jse.co.za/documents/2022/jse/isse/TXTE/ResultsQ2.pdf or from Textainer's Investor Relations website at http://investor.textainer.com , and is also available from the registered office of the Company (Century House 16 Par-la-Ville Road, Hamilton, Bermuda, HM 08) and at the office of the sponsor, at no charge, during normal business hours.

Textainer Group Holdings Limited published this content on 02 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 August 2022 12:21:04 UTC.