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CAI International Inc

CAI.N

Latest Trade

32.12USD

Change

0.47(+1.48%)

Volume

35,149

Today's Range

31.69

 - 

32.61

52 Week Range

10.15

 - 

33.79

As of on the New York Stock Exchange ∙ Minimum 15 minute delay

Latest Developments

CAI International Agreems To Sell Its Remaining Railcar Fleet, Provides A Container Market Update

Nov 30 (Reuters) - CAI International Inc <CAI.N>::CAI INTERNATIONAL, INC. ANNOUNCES AGREEMENT TO SELL ITS REMAINING RAILCAR FLEET AND PROVIDES A CONTAINER MARKET UPDATE - EXPECTS 40%+ GROWTH IN Q4 NET INCOME FROM CONTINUING OPERATIONS.CAI INTERNATIONAL INC - EXPECT CONDITIONS TO REMAIN FAVORABLE FOR INCREASING SEQUENTIAL QUARTERLY EARNINGS IN EARLY 2021.CAI INTERNATIONAL - IN CONJUNCTION WITH SALE, EXPECT TO INCUR AFTER-TAX LOSS OF ABOUT $17 MILLION IN DISCONTINUED OPERATIONS.CAI INTERNATIONAL - SALE TO GENERATE ABOUT $33 MILLION IN NET CASH PROCEEDS AFTER REPAYMENT OF RAIL RELATED DEBT AND TRANSACTION COSTS.

CAI International, Inc. Reports Results For The Third Quarter Of 2020

Oct 29 (Reuters) - CAI International Inc <CAI.N>::CAI INTERNATIONAL, INC. REPORTS RESULTS FOR THE THIRD QUARTER OF 2020.Q3 ADJUSTED EARNINGS PER SHARE $1.04 FROM CONTINUING OPERATIONS.Q3 EARNINGS PER SHARE $0.83 FROM CONTINUING OPERATIONS.CONTAINER LEASE REVENUE FOR Q3 OF 2020 WAS $73.9 MILLION, COMPARED TO $69.4 MILLION IN Q2 OF 2020.AVERAGE UTILIZATION FOR CAI'S OWNED CONTAINER FLEET DURING Q3 OF 2020 WAS 98.4%, COMPARED TO 98.0% FOR Q2 OF 2020.

Cai International Reports Q2 Earnings Per Share Of $0.78 From Continuing Operations

Aug 6 (Reuters) - CAI International Inc <CAI.N>::CAI INTERNATIONAL, INC. REPORTS RESULTS FOR THE SECOND QUARTER OF 2020 AND DECLARES QUARTERLY DIVIDEND.Q2 EARNINGS PER SHARE $0.78 FROM CONTINUING OPERATIONS.AVERAGE UTILIZATION FOR CAI'S OWNED CONTAINER FLEET DURING Q2 OF 2020 WAS 98.0%.COMMITTED TO FOCUSING SOLELY ON CONTAINER BUSINESS.ACTIVELY PURSUING ITS STRATEGY TO DIVEST OF NON-CORE BUSINESSES.ADOPTED FORMAL STOCK OWNERSHIP GUIDELINES FOR ITS NON-EXECUTIVE DIRECTORS.QTRLY TOTAL REVENUE $75.7 MILLION VERSUS $80.7 MILLION.

CAI International Announces Termination Of Strategic Process

June 15 (Reuters) - CAI International Inc <CAI.N>::CAI INTERNATIONAL, INC. ANNOUNCES TERMINATION OF STRATEGIC PROCESS, INITIATION OF REGULAR DIVIDENDS AND MANAGEMENT CHANGE.CAI INTERNATIONAL INC - TERMINATION OF ITS FORMAL STRATEGIC ALTERNATIVES REVIEW PROCESS.CAI INTERNATIONAL - BELIEVE THAT CO CAN BEST MAXIMIZE SHAREHOLDER VALUE BY FOCUSING ON ITS PROFITABLE CORE CONTAINER BUSINESS.CAI INTERNATIONAL - CURRENT MARKET CONDITIONS ARE NOT CONDUCIVE TO A TRANSACTION BENEFICIAL TO SHAREHOLDERS.CAI INTERNATIONAL - DURING STRATEGIC REVIEW PROCESS CO GOT MULTIPLE EXPRESSIONS OF INTEREST REGARDING A SALE OF ALL OR A PORTION.CAI INTERNATIONAL INC - COMMITTED TO EXITING RAIL AND LOGISTICS BUSINESSES.CAI INTERNATIONAL INC - APPROVED INITIATION OF REGULAR CASH DIVIDENDS.CAI INTERNATIONAL INC - INTENDS TO COMMENCE PAYING REGULAR QUARTERLY DIVIDENDS IN Q3 OF 2020.CAI INTERNATIONAL IC - ON JUNE 12, TIMOTHY PAGE WAS APPOINTED CEO.

Cai International, Inc. Reports Results For The First Quarter Of 2020

May 5 (Reuters) - CAI International Inc <CAI.N>::CAI INTERNATIONAL, INC. REPORTS RESULTS FOR THE FIRST QUARTER OF 2020.Q1 LOSS PER SHARE $0.20.Q1 ADJUSTED EARNINGS PER SHARE $0.67.DURING Q1 OF 2020, CAI INCURRED A $19.2 MILLION PRE-TAX IMPAIRMENT CHARGE AGAINST CARRYING VALUE OF ITS RAILCAR FLEET.CAI INTERNATIONAL - IN APRIL 2020, REFINANCED $113 MILLION OF ASSET-BACKED NOTES WHICH PROVIDED ADDITIONAL LIQUIDITY OF ABOUT $40 MILLION.DUE TO MARKET CONDITIONS, WE HAVE DECIDED TO TERMINATE SALES PROCESS FOR OUR RAIL DIVISION.QTRLY TOTAL REVENUE $105.02 MILLION VERSUS $111.1 MILLION.

CAI International Reports Q4 Earnings Per Share Of $0.60

March 5 (Reuters) - CAI International Inc <CAI.N>::CAI INTERNATIONAL, INC. REPORTS RESULTS FOR THE FOURTH QUARTER AND FULL YEAR OF 2019.Q4 EARNINGS PER SHARE $0.60.Q4 EARNINGS PER SHARE ESTIMATE $0.67 -- REFINITIV IBES DATA.EXPECTS CONTAINER SHIPPING ACTIVITY OVERALL TO BE DOWN DURING FIRST HALF OF 2020.COMPANY EXPECTS A REBOUND IN PRODUCTION AND INCREASED CARGO DEMAND IN 2020.CAI - ENGAGING IN ONGOING DISCUSSIONS WITH ITS CUSTOMERS REGARDING POTENTIAL IMPACTS TO THEIR OPERATIONS AND OUTLOOK FOR REMAINDER OF YEAR.ONE OF ITS SHIPPING LINE CUSTOMERS CUSTOMER HAS FALLEN BEHIND ON ITS REGULAR PAYMENT SCHEDULE.PROACTIVELY WORKING WITH ONE OF ITS SHIPPING LINE CUSTOMERS TO IMPLEMENT A SCHEDULE TO BRING PAYMENTS BACK IN LINE.QTRLY TOTAL REVENUE $103.4 MILLION.Q4 REVENUE VIEW $107.5 MILLION -- REFINITIV IBES DATA.

CAI International Reports Q3 Loss Per Share Of $0.40

Oct 29 (Reuters) - CAI International Inc <CAI.N>::CAI INTERNATIONAL INC REPORTS RESULTS FOR THE THIRD QUARTER OF 2019.Q3 LOSS PER SHARE $0.40.Q3 EARNINGS PER SHARE ESTIMATE $0.70 -- REFINITIV IBES DATA.Q3 EARNINGS PER SHARE $0.74 FROM CONTINUING OPERATIONS.QTRLY AVERAGE UTILIZATION FOR CAI'S OWNED CONTAINER FLEET 98.6% VERSUS 98.8% FOR Q2.QTRLY CONTAINER LEASE REVENUE WAS $77.3 MILLION, AN INCREASE OF 2% COMPARED TO Q2.CAI INTERNATIONAL - IN QUARTER, MODEST YOY GROWTH IN REVENUE FROM CONTINUING OPERATIONS DESPITE WEAK DEMAND CONDITIONS DUE TO TRADE DISPUTES BETWEEN U.S. & CHINA.

Cai International - To Incur Non-Cash Impairment Charge To Reduce Book Value Of Railcar Portfolio To $283 Mln

Sept 18 (Reuters) - CAI International Inc <CAI.N>::CAI INTERNATIONAL INC - WILL INCUR A NON-CASH IMPAIRMENT CHARGE TO REDUCE THE BOOK VALUE OF ITS RAILCAR PORTFOLIO TO APPROXIMATELY $283 MILLION.CAI INTERNATIONAL INC - REDUCTION WILL RESULT IN NON-CASH AFTER-TAX CHARGE OF ABOUT $20 MILLION TO RESULTS IN THE Q3.CAI INTERNATIONAL - HAS NOT INCURRED, DOES NOT EXPECT TO INCUR, ANY CASH CHARGES OR EXPENDITURES IN CONNECTION WITH IMPAIRMENT OF ITS RAILCAR ASSETS.

Weiss Asset Management LP Reports 5.67% Stake In CAI International Inc

Aug 23 (Reuters) - CAI International Inc <CAI.N>::WEISS ASSET MANAGEMENT LP REPORTS 5.67% STAKE IN CAI INTERNATIONAL INC AS OF AUGUST 16 - SEC FILING.WEISS ASSET MANAGEMENT LP - ENCOURAGED CAI TO ENGAGE FINANCIAL ADVISOR TO ASSIST IN CONDUCTING REVIEW STRATEGIC ALTERNATIVES.WEISS ASSET MANAGEMENT - PURCHASED CAI INTERNATIONAL SHARES BASED ON BELIEF THAT CO HAS STRONG BALANCE SHEET WITH HIGH QUALITY ASSETS, SHARES ARE UNDERVALUED.WEISS ASSET MANAGEMENT LP - INTEND TO SEEK TO CONTINUE DIALOGUE WITH CAI INTERNATIONAL’S MANAGEMENT.

CAI International Q2 Earnings Per Share $0.69 From Continuing Operations

Aug 7 (Reuters) - CAI International Inc <CAI.N>::CAI INTERNATIONAL, INC. REPORTS RESULTS FOR THE SECOND QUARTER OF 2019 AND ANNOUNCES ITS INTENTION TO SELL ITS REMAINING RAILCAR FLEET.Q2 EARNINGS PER SHARE $0.69 FROM CONTINUING OPERATIONS.Q2 LOSS PER SHARE $0.29.Q2 EARNINGS PER SHARE ESTIMATE $0.84 -- REFINITIV IBES DATA.CONTAINER LEASE REVENUE FOR Q2 OF 2019 WAS $75.8 MILLION, AN INCREASE OF 11% COMPARED TO Q2 OF 2018.IS ACTIVELY NEGOTIATING SALE OF ITS REMAINING RAILCAR FLEET AND IF SUCCESSFUL EXPECTS SALE TO BE COMPLETED BEFORE END OF 2019.QTRLY AVERAGE UTILIZATION FOR OWNED CONTAINER FLEET WAS 98.8% COMPARED TO 99.3%.CAI INTERNATIONAL - BELIEVE THAT GLOBAL UNCERTAINTY AROUND TRADE GROWTH, TARIFFS HAS ALSO AFFECTED 2019 TRANSPORTATION AND LOGISTICS DEMAND IN U.S..QTRLY TOTAL REVENUE $105.6 MILLION VERSUS $96.6 MILLION.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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