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Companies Report Quarterly Results and Announce New Lease Agreements - Research Report on Avis, Ryder, TAL, Textainer, and Air

    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]

----

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