Triton International (TRTN): Q1 Non-GAAP EPS of $1.91 beats by $0.18; GAAP EPS of $1.92 beats by $0.19.Revenue of $346.74M (+7.9% Y/Y) misses by $7.4M.Utilization increased 0.4%...
Triton International Limited is a lessor of intermodal containers and chassis. The Company operates through two business segments: Equipment leasing and Equipment trading. The Company's equipment leasing operations include the acquisition, leasing, re-leasing and ultimate sale of multiple types of intermodal transportation equipment, primarily intermodal containers. The Company purchases containers from shipping line customers and other sellers of containers. The Company resells these containers to container retailers and users of containers for storage and one-way shipments. As of December 31, 2016, the Company leased five types of equipment: dry freight containers, refrigerated containers, special containers, tank containers, and chassis. The Company operated its business through 28 subsidiary offices located in 14 different countries, as of December 31, 2016.