This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

TAL International Group, Inc. Reports Third Quarter 2012 Results And Declares $0.62 Quarterly Dividend

Reported net income for the nine months ended September 30, 2012 was $93.4 million compared to $73.9 million for the same period in 2011. Net income per fully diluted common share was $2.78 for the nine months ended September 30, 2012 compared to $2.27 for the same period in 2011.

Outlook

Mr. Sondey continued, “We generally expect strong market conditions to continue for the rest of this year and into 2013. Expectations for trade growth in 2012 have dropped from the beginning of the year, and the summer peak season for dry containers ended unusually early this year – leading to slower than expected pick-ups of containers committed to lease. But trade growth will remain solidly positive for the year and we expect the supply / demand balance for containers to remain tight into 2013. TAL and other major leasing companies have continued to generate very high levels of investment in 2012, but shipping line investment has been exceptionally low, and we estimate that overall market production of new containers will be significantly lower this year than in 2011. Because of this, we believe that the growth in the global container fleet will closely match global trade growth this year, implying that tight market conditions are likely to continue.”

“For the fourth quarter, we expect continued sequential growth in our leasing revenue as we benefit from a full quarter of revenue from third quarter pick-ups, and as our customers complete the pick-up of containers that were committed to lease earlier in the year. However, we expect our utilization and used container sale prices to continue to normalize, especially now that the peak season for dry containers has passed. Overall, we expect our adjusted pretax income to hold steady or decrease slightly from the third quarter to the fourth quarter of 2012.”

5 of 10

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,172.68 -107.06 -0.62%
S&P 500 1,994.29 -16.11 -0.80%
NASDAQ 4,527.6890 -52.10 -1.14%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs