Textainer Group Holdings Limited's Results Improve and Outlook Is Brightening

Textainer Group Holdings Limited's Results Improve and Outlook Is Brightening

The container shipping market is slowly coming out of its cyclical downturn, which is starting to drive a noticeable improvement in Textainer Group Holdings Limited's (NYSE: TGH) financial results. While the company has yet to return to profitability, revenue is heading higher due to improvements in utilization, lease rates, and container prices. Given current market trends, the company expects further improvement in its business this year, and should be back in the black in the second half.

Metric

Q2 2017

Continue reading

Source: Fool.com