CAI International (CAI) Tops Q1 EPS by 19c

CAI International (NYSE: CAI) reported Q1 EPS of $1.85, $0.19 better than the analyst estimate of $1.66.

• Net income from continuing operations attributable to CAI common stockholders for the first quarter of 2021 was $32.5 million, or $1.85 per fully diluted share.
• Return on common equity on adjusted net income from continuing operations1 was 21.3% in the first quarter of 2021.
• Total leasing revenue for the first quarter of 2021 was $80.8 million, compared to $69.1 million in the first quarter of 2020.
• CAI’s Board of Directors declared a cash dividend of $0.30 per common share payable on June 25, 2021 to shareholders of record as of June 10, 2021.
• CAI leased out $129 million of new containers on long-term or finance leases in the first quarter of 2021 and has leased, or has commitments to lease, an additional $350 million in the second and third quarters.
• Average CEU utilization for CAI’s owned container fleet during the first quarter of 2021 was 99.7%, compared to 99.3% for the fourth quarter of 2020. Current CEU utilization is 99.7%.

For earnings history and earnings-related data on CAI International (CAI) click here.

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