Textainer's Profit, Revenue Reach Record Highs

Textainer's Profit, Revenue Reach Record Highs

Textainer containers

Bermuda-based intermodal container lessor Textainer Group Holdings today reported its net income in the fourth quarter of 2012 was $60.6 million, increasing 10.3 percent from $54.9 million in the fourth quarter of 2011.

Fourth quarter revenue was $127.3 million, rising 9.4 percent year-over-year from $116.4 million in the same quarter in the previous year.  

For the full year of 2012, profit was $207.0 million, up 9.1 percent compared with $189.6 in 2011. Annual revenue jumped 15.2 percent year-over-year from $422.8 million in 2011 to $487.1 million in 2012.

Profit and revenue in the fourth quarter and 2012 were record highs, said Philip K. Brewer, president and CEO of Textainer, in a written statement.

Textainer also now owns 73 percent of its total fleet, the highest percentage in company history.