Companies Report Quarterly Results and Announce New Lease Agreements - Research Report on Avis, Ryder, TAL, Textainer, and Air Lease Editor Note: For more information about this release, please scroll to bottom PR Newswire NEW YORK, August 9, 2013 NEW YORK, August 9, 2013 /PRNewswire/ -- Today, Investors' Reports announced new research reports highlighting Avis Budget Group, Inc. (NASDAQ: CAR), Ryder System, Inc. (NYSE: R), TAL International Group, Inc. (NYSE: TAL), Textainer Group Holdings Limited (NYSE: TGH), and Air Lease Corporation (NYSE: AL). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below. Avis Budget Group, Inc. Research Report On August 6, 2013, Avis Budget Group, Inc. (Avis) reported its Q2 2013 financial results. The Company posted total revenue growth of 7.3% YoY to $2.0 billion. Non-GAAP net income for the quarter totaled $58 million or $0.50 per diluted share, compared to $112 million or $0.94 per diluted share in Q2 2012. However, Avis reported GAAP net loss of $28 million in Q2 2013, compared to GAAP net income of $79 million in Q2 2012, due to debt-extinguishment expenses, transaction related charges and restructuring costs. "Our second quarter results reflected volume growth in all regions and increased pricing in North America, offset by the significant year-over-year increase in North American fleet costs occasioned by the significant car-sale gains and depreciation adjustments recorded in the comparable quarter of last year," said Ronald L. Nelson, Chairman and Chief Executive Officer of Avis. The Company updated its full-year 2013 outlook and now expects its full year revenue to be in the range of c.$7.8 billion to $8.0 billion, indicating a growth of 6% YoY to 9% YoY growth. The Full Research Report on Avis Budget Group, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-08-06/CAR] -- Ryder System, Inc. Research Report On July 23, 2013, Ryder System, Inc. (Ryder) reported its Q2 2013 financial results. The Company posted total revenue of $1.6 billion, an increase of 2.6% YoY. Earnings from continuing operations totaled $62.6 million, or $1.19 per diluted share, in Q2 2013, compared to $46.8 million or $0.91 per diluted share, in Q2 2012. Chairman and Chief Executive Officer of Ryder, Robert Sanchez said, "We delivered strong year-over-year results in the quarter, despite continuing uncertain economic conditions. The improvement was driven by higher performance in our lease, commercial rental and supply chain offerings." For full-year 2013, the Company forecasts its earnings to be in the range of $4.75 to $4.85 per share. The Full Research Report on Ryder System, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-08-06/R] -- TAL International Group, Inc. Research Report On July 24, 2013, TAL International Group, Inc. (TAL) reported its Q2 2013 financial results. The Company posted total leasing revenues of $139.5 million, an increase of 9.1% YoY. Adjusted pre-tax income was $1.66 per fully diluted common share, up 7.8% YoY. "TAL continued to achieve outstanding operational and financial results in the second quarter of 2013," commented Brian M. Sondey, President and Chief executive Officer of TAL. "Our income continues to be supported by very high utilization. Our utilization averaged 97.5% for the second quarter, and stood at 97.4% as of July 24, 2013. Our profitability in the second quarter was also boosted by a decrease in our average effective interest rate." During the quarter, TAL's Board of Directors declared a $0.68 cash dividend on its issued and outstanding common stock, payable on September 24, 2013 to shareholders of record at the close of business on September 3, 2013. The Full Research Report on TAL International Group, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-08-06/TAL] -- Textainer Group Holdings Limited Research Report On August 6, 2013, Textainer Group Holdings Limited (Textainer) reported its Q2 2013 financial results. The Company posted total revenues of $130.1 million, an 8.4% YoY growth. Net income attributable to Textainer was $48.8 million, reflecting an increase of 6.6% YoY. "The second quarter was marked by attractive growth in both our lease rental income and net income," commented Philip K. Brewer, President and Chief Executive Officer of Textainer. "EBITDA also increased significantly from the second quarter of last year demonstrating our strong generation of cash." Further the Company's Board of Directors declared a $0.01 increase in its cash dividend to $0.47 per share on Textainer's issued and outstanding common shares, payable on August 27, 2013 to shareholders of record as of August 16, 2013. The Full Research Report on Textainer Group Holdings Limited - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-08-06/TGH] -- Air Lease Corporation Research Report On August 5, 2013, Air Lease Corp. (ALC) announced that it has entered into a long term lease agreement with Air Berlin for a Boeing 737-800 aircraft, which is scheduled for delivery in February 2016. In addition, the agreement included lease extensions on six aircraft currently in their fleet. Steven F. Udvar-Hazy, Chairman and Chief Executive Officer of ALC said, "Air Berlin and ALC have a special relationship. ALC leased its first new aircraft in May of 2010 to Air Berlin. The placement of the new 737-800 and the lease extensions of the ALC aircraft that they currently operate further the close links between our two companies. We look forward to supporting Air Berlin for many years to come as they grow their operations." The Full Research Report on Air Lease Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-08-06/AL] ---- EDITOR NOTES: 1.This is not company news. We are an independent source and our views do not reflect the companies mentioned. 2.Information in this release is fact checked and produced on a best efforts basis and reviewed by a CFA. However, we are only human and are prone to make mistakes. 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Companies Report Quarterly Results and Announce New Lease Agreements - Research Report on Avis, Ryder, TAL, Textainer, and Air
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