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Earnings
General Finance Corp sees 2021 revenue $305M-$325M, two est. $322.25M » 08:50
09/09/20
09/09
08:50
09/09/20
08:50
GFN

General Finance Corp

$6.20 /

+ (+0.00%)

The impact of the…

The impact of the COVID-19 pandemic is fluid, continues to evolve and, therefore, it is extremely difficult to reasonably predict the extent to which our results of operations, liquidity and financial condition will ultimately be impacted by the pandemic in fiscal year 2021. However, given our current outlook and depending on conditions in the oil and gas sector in Texas and the translation effect of the Australian dollar to the U.S. dollar, management estimates that consolidated revenues for fiscal year 2021 will be in the range of $305 million to $325 million and that consolidated adjusted EBITDA is expected to be 17% to 22% lower in fiscal year 2021 from fiscal year 2020. This outlook does not take into account the impact of any acquisitions that may occur during fiscal year 2021.

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GFN General Finance Corp
$6.20 /

+ (+0.00%)

GFN General Finance Corp
$6.20 /

+ (+0.00%)

Earnings
General Finance Corp reports Q4 EPS (2c), two est. 3c » 08:49
09/09/20
09/09
08:49
09/09/20
08:49
GFN

General Finance Corp

$6.20 /

+ (+0.00%)

Reports Q4 revenue…

Reports Q4 revenue $84.5M, two est. $78.75M. "Our core North America leasing operations again generated higher revenues and adjusted EBITDA in fiscal year 2020 based upon our diversified customer base and expanding geographic presence," said Jody Miller, President and CEO. "Pac-Van, with increases across nearly every sector, generated an 8% year-over-year increase in leasing revenues and an 11% increase in adjusted EBITDA. However, our liquid containment business at Lone Star, which recorded lower results for the year, continues to be impacted by reduced drilling activity and ongoing uncertainty in the oil and gas markets, aggravated by the COVID-19 pandemic. At Royal Wolf, leasing revenues and adjusted EBITDA for the year were higher in local currency, but their translation into U.S. dollars was adversely impacted by a weaker Australian dollar between the periods. The COVID-19 pandemic continues to create unprecedented challenges in our country and the world, including significantly disrupting the oil and gas sector," added Mr. Miller. "The physical health and safety of our employees and customers remain our foremost concern. We are an essential business and our locations remain open, operating under flexible work practices while maintaining the same level of safety and service that our customers expect from us. We remain committed to helping our employees and customers get through these extremely challenging times. While we are unable to predict what the ultimate severity or duration of the economic fall-out caused by the pandemic will have on our business, our experienced management team has weathered challenging times in the past and we are well prepared to continue to execute upon our long-term strategy through this crisis. During the fiscal year, we entered four new markets, opening two greenfield locations in North America and two in the Asia-Pacific region and completed one acquisition in North America."

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GFN General Finance Corp
$6.20 /

+ (+0.00%)

GFN General Finance Corp
$6.20 /

+ (+0.00%)

Hot Stocks
General Finance Corp announces block purchase of common stock » 08:34
06/23/20
06/23
08:34
06/23/20
08:34
GFN

General Finance Corp

$6.19 /

-0.25 (-3.88%)

General Finance…

General Finance Corporation announced that it repurchased 911,765 shares of its common stock in a private transaction completed as a block trade. The shares were originally issued upon the conversion of a $7,750,000 senior secured convertible note purchased under an assignment agreement with Bison Capital Partners V, L.P. as a portion of the $26M senior secured convertible note Bison acquired on September 19, 2017. The purchase consideration for the shares was $6.40 per share, based on the closing price of the stock on June 22, 2020. The Company chose to purchase the shares rather than have them sold on the open market, or as part of a third-party transaction, because it believes the current stock price represents a compelling valuation and the reduction in the number of outstanding shares will ultimately benefit Company stockholders. In accordance with terms of the Convertible Note, the Company was required to pay noteholders, through principal, interest and the realized value of common stock received after conversion, a minimum return of 1.75 times the original principal amount. With respect to today's announced transaction, the Company is required to pay to the former noteholder an additional $6.8M to satisfy their portion of the minimum return provision. The parties have agreed that the Company will satisfy this remaining obligation in two separate and equal installments paid on October 1, 2020 and January 1, 2021, respectively.

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GFN General Finance Corp
$6.19 /

-0.25 (-3.88%)

GFN General Finance Corp
$6.19 /

-0.25 (-3.88%)

Earnings
General Finance Corp lowers FY20 revenue $347M-$355M from $365M-$375M » 08:56
05/05/20
05/05
08:56
05/05/20
08:56
GFN

General Finance Corp

$5.57 /

+0.24 (+4.50%)

Two est. $365.38M. The…

Two est. $365.38M. The company said, "On our second quarter earnings conference call, we stated that consolidated revenues for fiscal year 2020 were expected to be in the range of $365 million to $375 million and that consolidated adjusted EBITDA was expected to be in the range of minus 2% to minus 8% in fiscal year 2020 from fiscal year 2019. While we are closely monitoring the situation, the impact of the COVID-19 pandemic is fluid, continues to evolve and, therefore, we cannot reasonably predict at this time the extent to which our results of operations, liquidity and financial condition will ultimately be impacted beyond fiscal year 2020. However, based on our year-to-date results and our view of the impact of lower oil prices and COVID-19 on our business in the fourth quarter, we now expect that consolidated revenues for fiscal year 2020 will be in the range of $347 million to $355 million and that the consolidated adjusted EBITDA decrease will be in the range of minus 12% to minus 14% in fiscal year 2020 from fiscal year 2019. "

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Earnings
General Finance Corp reports Q3 EPS (32c), two est. 16c » 08:55
05/05/20
05/05
08:55
05/05/20
08:55
GFN

General Finance Corp

$5.57 /

+0.24 (+4.50%)

Reports Q1 revenue…

Reports Q1 revenue $89.97M, two est. $88.02M. "Our core North American leasing operations again delivered improved quarterly performance," said Jody Miller, President and Chief Executive Officer. "Pac-Van, with increases virtually across every sector, generated an 8% year-over-year increase in leasing revenues. However, continued softness in our liquid containment business at Lone Star, which recorded lower results for the quarter due to reduced oil and gas activity in Texas, more than offset this core increase. At Royal Wolf, leasing and sales revenues for the third quarter were higher year-over-year in local currency, but its translation into U.S. dollars was adversely impacted by a declining Australian dollar. The novel COVID-19 virus pandemic has created unprecedented challenges in our country and the world, including significantly disrupting the oil and gas sector," added Mr. Miller. "The physical health and safety of our employees and customers are our foremost concern. We are an essential business and have implemented a business continuity plan across our venues and our locations remain open, operating under flexible work practices, such as work-from-home options, working in shifts, placing greater distances between employees and conducting meetings over the telephone or online. Our hearts and support go to everyone impacted by this crisis, and we are committed to helping our employees and customers get through these extremely challenging times. While we are unable to predict what the ultimate severity or duration of the economic fall-out caused by the pandemic will have on our business, our experienced management team has weathered challenging times in the past and believe we will prevail through this crisis."

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Hot Stocks
General Finance Corp trading resumes  10:38
04/09/20
04/09
10:38
04/09/20
10:38
GFN

General Finance Corp

$6.57 /

+ (+0.00%)

 
Hot Stocks
General Finance Corp trading halted, volatility trading pause  10:28
04/09/20
04/09
10:28
04/09/20
10:28
GFN

General Finance Corp

$6.57 /

+ (+0.00%)

 
Hot Stocks
General Finance Corp trading halted, volatility trading pause  15:57
03/16/20
03/16
15:57
03/16/20
15:57
GFN

General Finance Corp

$6.32 /

-0.58 (-8.41%)

 
Hot Stocks
General Finance Corp trading resumes  09:47
03/13/20
03/13
09:47
03/13/20
09:47
GFN

General Finance Corp

$6.78 /

+ (+0.00%)

 
Hot Stocks
General Finance Corp trading halted, volatility trading pause  09:42
03/13/20
03/13
09:42
03/13/20
09:42
GFN

General Finance Corp

$6.78 /

+ (+0.00%)

 

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