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News Breaks | | | | October 2, 2012 | | 08:47 EDT |  | TGH | Textainer acquires 81,000 TEU managed care portfolio for $98M
Textainer Group Holdings Limited announced that it acquired approximately 81,000 TEU of standard dry freight containers from its managed fleet for approximately $98M. The acquisition increases the percentage of Textainer’s owned fleet to 66%. The company expects the transaction will be immediately accretive to earnings and contribute to long-term growth in shareholder value. | |
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| May 13, 2013 | | 06:19 EDT |  | TGH | Textainer to host analyst day
 Subscribe for More Information | | | May 7, 2013 | | 09:07 EDT |  | TGH | Textainer says it is difficult to predict the market for remainder of the year
"Demand was softer than expected during the Q1 and we saw several shipping lines purchasing containers," stated the company. "Due in part to the abundance of liquidity in the marketplace, we have seen aggressive pricing for new business which has served to compress yields. Nevertheless, we are well positioned as we move through 2013 given our strong investments over the past six months at very attractive prices. At this time, it is very difficult to predict market conditions for the remainder of the year. We currently expect to see stronger demand in the Q3. We also expect that container lessors will purchase between 50-60% of total output although output is likely to fall below that of 2012. On the other hand, we expect to see an increasing number of purchase leaseback opportunities. We remain excited about our prospects for 2013," concluded Mr. Brewer. | | | 09:06 EDT | | TGH | Textainer reports Q1 adj. EPS 81c, consensus 92c
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