Triton International CEO sees Q1 EPS decreasing sequentially
Consensus for Q1 EPS is $1.09. CEO Brian M. Sondey stated, "We are carrying significant financial momentum into 2019 and expect that we will have another year of strong performance, continued value-added growth and a further extension of our market leadership. While the ongoing trade dispute between the United States and China has increased trade and economic uncertainty, our customers and market forecasters generally expect global containerized trade growth to remain solidly positive in 2019. The inventory of available used leasing containers also remains very tight and we expect our shipping line customers to continue to rely heavily on leasing. Q1 is typically our weakest quarter of the year since it represents the depth of the slow season for dry containers and has the fewest number of billing days. As a result, we expect our Adjusted net income will decrease from 4Q18 to 1Q19. After Q1, we expect our adjusted income to increase moderately throughout the year as leasing demand improves seasonally."