La società statunitense di noleggio container Interpool, Inc. ha annunciato oggi di aver ottenuto nel terzo trimestre di quest'anno un utile di 11,6 milioni di dollari, contro un risultato di 10,7 milioni nel corrispondente periodo del 2000. Il giro d'affari è ammontato a 74,9 milioni di dollari, con un incremento del 29,3% determinato in particolare dall'acquisizione della North American Intermodal Division della Transamerica Leasing, Inc., avvenuta nell'ottobre dello scorso anno (inforMARE del 31 luglio 2000).
La flotta di container a noleggio della società alla fine del terzo trimestre era di circa 414.000 teu, contro i 368.000 teu al 30 settembre 2000 e i 406.000 alla fine del secondo trimestre 2001. La flotta di chassis alla fine del terzo trimestre era di 169.000 unità (96.000 al 30 settembre 2000 e 170.000 al 30 giugno 2001)
Il tasso di utilizzazione della flotta container nel terzo trimestre di quest'anno è stato del 95%, contro il 99% del corrispondente periodo del 2000. In calo anche il tasso di impiego della flotta di chassis, che è risultato del 93% (97% nel trimestre 2000).
Presentando il consuntivo trimestrale, il presidente e amministratore delegato della Interpool, Martin Tuchman, ha detto che la società ha raggiunto un accordo che prevede la cessione del 51% della Personal Computer Rentals (PCR) ad un gruppo di investitori, che comprende il management della PCR.
Interpool, Inc. Consolidated Statement of Income
(In thousands, except amounts per share) (Unaudited)
| Three Months
Ended
September 30,
| Nine Months
Ended
September 30,
|
| 2001 | 2000
| 2001 | 2000 |
| | |
| |
| ---- | ---- | ---- | ---- |
REVENUES | $ 74,945 | $ 57,964 | $229,066 | $162,751 |
Lease operating and administrative expenses | 21,604 | 12,962 | 68,050 | 39,223 |
Market value adjustment for derivative instruments | 1,250 | --- | 2,084 | --- |
Depreciation and amortization of leasing equipment | 18,792 | 14,997 | 55,525 | 42,974 |
Other (income)/expense, net | 200 | 617 | (1,031) | 1,160 |
| ---------- | ---------- | ---------- | ---------- |
Earnings before interest and taxes | 33,099 | 29,388 | 104,438 | 79,394 |
Interest expense, net | 21,842 | 16,890 | 64,908 | 44,858 |
| ---------- | ---------- | ---------- | ---------- |
Income before taxes, discontinued operations, change in accounting principle and extraordinary gain | 11,257 | 12,498 | 39,530 | 34,536 |
Provision for income taxes | 1,220 | 1,790 | 6,250 | 5,030 |
| ---------- | ---------- | ---------- | ---------- |
Income before discontinued operations, change in accounting principle and extraordinary gain | $ 10,037 | $ 10,708 | $ 33,280 | $ 29,506 |
(Loss) gain from discontinued operations, net of applicable taxes of $125, $(340), $(380) and $320 | (876) | 372 | (1,694) | 994 |
Cumulative effect of change in accounting principle, net of applicable taxes of $44 and $440 (1) (2) | --- | --- | 833 | 660 |
Extraordinary gain on retirement of debt, net of applicable taxes of $200, $172 and $560 (3) (4) | 301 | --- | 558 | 840 |
| ---------- | ---------- | ---------- | ---------- |
NET INCOME (5) | $ 9,462 |
$ 11,080 | $ 32,977 | $ 32,000 |
| ========== | ========== | ========== | ========== |
INCOME FROM CONTINUING OPERATIONS: |
| | | |
NET INCOME | $ 9,462 | $ 11,080 | $ 32,977 | $ 32,000 |
REMOVE: | |
| | |
Discontinued Operations | 876 | (372) | 1,694 | (994) |
Market value adjustment for derivative instruments | 1,250 | --- | 2,084 | --- |
Cumulative effect of change in accounting principle | --- | --- | (833) | (660) |
| ---------- | ---------- | ---------- | ---------- |
INCOME FROM CONTINUING OPERATIONS: | $11,588 | $ 10,708 | $ 35,922 | $ 30,346 |
| ========== | ========== | ========== | ========== |
INCOME PER SHARE FROM CONTINUING OPERATIONS: | | | |
|
Basic | $ 0.42 | $ 0.39 | $ 1.31 | $ 1.11 |
Diluted | $ 0.40 | $ 0.38 | $ 1.24 | $ 1.10 |
WEIGHTED AVERAGE SHARES OUTSTANDING: |
| | | |
Basic | 27,421 | 27,421 | 27,421 | 27,421 |
Diluted | 29,161 | 27,945 | 29,011 | 27,596 |
(1) For 2001, represents the cumulative effect through December 31, 2000 regarding the Company's accounting for swap transactions not accounted for as hedges in accordance with FASB No. 133 which is effective as of January 1, 2001.
(2) For 2000, represents a change in the Company's accounting for its maintenance and repairs expense from an accrual to cash basis.
(3) For 2001, represents gain on retirement of $27.2 million face value of Interpool, Inc. 6-5/8% Notes due March 1, 2003 and $2.1 million face value of Interpool, Inc. 7.20% Notes due August 1, 2007.
(4) For 2000, represents gain on retirement of $8.2 million face value of Interpool, Inc. 6-5/8% Notes due March 1, 2003 and $3.0 million face value of Interpool, Inc. 7.35% Notes due August 1, 2007.
(5) Net Income per share was $0.35 basic and $0.32 diluted for the three months ended September 30, 2001 and $0.40 basic and diluted for the three months ended September 30, 2000. For the nine months ended September 30, 2001 net income per share was $1.20 basic and $ 1.14 diluted and $1.17 basic and $1.16 diluted for the nine months ended September 30, 2000.
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