TAL International Group, Inc. (NYSE: TAL), one of the world’s largest lessors of intermodal freight containers and chassis, today reported results for the third quarter ended September 30, 2012.
||TAL reported Adjusted pre-tax income of $1.48 per fully diluted share for the third quarter of 2012.|
||TAL reported leasing revenues of $135.2 million for the third quarter of 2012, an increase of 11.8% from the third quarter of 2011.|
||TAL reported Adjusted EBITDA of $141.0 million for the third quarter of 2012, an increase of 7.1% from the third quarter of 2011.|
||TAL continued to invest aggressively in its business during 2012. Year to date, TAL invested over $800 million in new container purchases and sale-leaseback transactions.|
||TAL announced a quarterly dividend of $0.62 per share payable on December 27, 2012 to shareholders of record as of December 6, 2012.|
Adjusted pre-tax income (1) was $49.7 million for the third quarter of 2012, compared to $52.3 million for the third quarter of 2011. Adjusted pre-tax income per fully diluted common share was $1.48 for the third quarter of 2012, compared to $1.56 for the third quarter of 2011. The Company focuses on Adjusted pre-tax results since it considers gains and losses on interest rate swaps to be unrelated to operating performance and since it does not expect to pay any significant income taxes for a number of years due to the availability of accelerated tax depreciation on its existing container fleet and anticipated future equipment purchases.
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