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Textainer Group Holdings Q1 Results Rise from Year Ago

05/11/2021 13:11

04:56 PM EDT, 05/11/2021 (MT Newswires) -- Textainer Group Holdings (TGH) posted an adjusted net income of $1.16 per share in Q1, up from $0.17 per share a year earlier, and ahead of the average estimate from two analysts of $0.91 per share in a Capital IQ poll.

Revenue from lease rental grew to $169.24 million from $145.48 million a year ago.

Looking ahead, the containers provider said it expects industry fundamentals to remain favorable through at least the remainder of 2021, mostly driven by a strong economy, continued demand for container trade and stable container production.

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