Textainer (TXT) 1H23 – Results Snapshot

Diluted HEPS down -22.2% y-y to 242.0cps (LY: 311.0cps).
Total revenue from operations decreased by -8.5% y-y to $406m (LY: $444m). Total lease rental income from operations decreased by -3.7% y-y to $387m (LY: $402m).
OPM decreased to 51.2% (LY: 59.1%).
Expenses increased by +0.8% y-y to $208m (LY: $206m). Expense to sales increased to 53.7% (LY:51.3%).
Dividend of 30 UScps for Q2 2023 (Q2 2022: 25 UScps).
Dividend of 60 UScps for 1H23 (1H22: 50 UScps).
Cash generated from operating activities down -19.6% y-y to $309m (LY: $384m).