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Stock impact report

CAI International, Inc. Reports Results for the Fourth Quarter and Full Year of 2017

CAI International, Inc. (CAI) 
Last cai international, inc. earnings: 10/29 04:00 pm Check Earnings Report
US:NYSE Investor Relations: investor.capps.com/investor-relations
Company Research Source: Business Wire
SAN FRANCISCO--(BUSINESS WIRE)-- CAI International, Inc. (CAI) (NYSE: CAI), one of the world’s leading transportation finance and logistics companies, today reported results for the fourth quarter and full year of 2017. Highlights Net income for the fourth quarter of 2017 was $36.6 million, or $1.81 per fully diluted share, compared to $0.6 million, or $0.03 per fully diluted share, in the fourth quarter of 2016. Net income for the fourth quarter of 2017 included a tax benefit of $16.9 million associated with the recently enacted Tax Cuts and Jobs Act (the Act), and a non-recurring, non-cash tax charge of $1.1 million. Excluding the net tax benefit of $15.8 million, adjusted net income for the fourth quarter of 2017 was $20.7 million, or $1.03 per fully diluted share1. Net income for the year ended December 31, 2017 was $72.1 million, or $3 Show less Read more
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