Triton International expands share repurchase authorization to $400M

Brian M. Sondey, CEO, commented, "Triton’s share repurchases have been an important driver of shareholder value this year. Year to date, we have purchased almost 8.5M shares for $514M, reducing our share count by approximately 13%. Our Board of Directors has typically authorized up to $200M of repurchases, but given our pace of repurchases this year, this has resulted in several quarterly reauthorizations. The increased authorization will provide enhanced flexibility to execute our program, and it also reflects the strength of our balance sheet, robust cash flows and our continued confidence that Triton’s financial performance will remain strong."