July 24, 2014 1:12 AM ET

Trading Companies and Distributors

Company Overview of SeaCube Container Leasing Ltd.

Company Overview

SeaCube Container Leasing Ltd. operates as a container leasing company worldwide. It primarily engages in the acquisition, leasing, re-leasing, and sale of refrigerated and dry containers, and generator sets. The company’s containers are used to ship products internationally and facilitate movement of goods via multiple transportation modes, including ships, rail, and trucks. SeaCube Container Leasing Ltd. leases its containers primarily under long-term contracts to various shipping lines. As of December 31, 2012, it owned or managed a fleet of 791,852 units, representing 1,224,395 twenty-foot equivalent units of containers and generator sets. The company was incorporated in 2010 and is base...

1 Maynard Drive

Park Ridge, NJ 07656

United States

Founded in 2010

77 Employees

Phone:

201-391-0800

Fax:

201-391-0356

Key Executives for SeaCube Container Leasing Ltd.

Chief Operating Officer
Age: 57
Vice President
Age: 59
Vice President of Investor Relations and Treasurer
Vice President and Controller
Vice President of Management Services and Trading
Compensation as of Fiscal Year 2014.

SeaCube Container Leasing Ltd. Key Developments

SeaCube Container Leasing Ltd. Announces Board Changes

On April 24, 2013, pursuant to the previously announced Agreement and Plan of Amalgamation, dated as of January 18, 2013 (the ‘Amalgamation Agreement’), by and among 2357575 Ontario Limited (‘Parent’), SC Acquisitionco Ltd., a subsidiary of Parent (‘Acquisition Sub’), and SeaCube Container Leasing Ltd., (the ‘Company’), the Company and Acquisition Sub amalgamated under the laws of Bermuda (the ‘Amalgamation’) and the amalgamated company (the ‘Amalgamated Company’) became a subsidiary of Parent. At the effective time, each of Joseph P. Adams, Jonathan G. Atkeson, Joseph Kwok, Paul R. Goodwin, Douglas A. Hacker, Donald P. Hamm and Martin Tuchman resigned from the board of directors of SeaCube Container Leasing Ltd. and, pursuant to the terms of the Amalgamation Agreement, each of the members of Acquisition Sub’s board of directors immediately prior to the Effective Time, consisting of Melissa Kennedy, Neil Petroff, John Sheedy and Lee Sienna, became a member of the Amalgamated Company’s board of directors following the Effective Time. Each director is to serve until his successor is duly elected and qualified or until his earlier death, resignation or removal in accordance with the Amalgamated Company’s bye-laws. Individual appointments to the various committees of the board of directors have not been determined as of the date hereof.

SeaCube Container Leasing Ltd. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2012; Reports Impairment Loss for the Fourth Quarter and Year Ended December 31, 2012

SeaCube Container Leasing Ltd. reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2012. For the quarter, the company reported total revenues of $50,959,000 against $46,665,000 a year ago. Income before provision for income taxes was $11,486,000 against $11,706,000 a year ago. Net income was $11,863,000 against $12,255,000 a year ago. Basic and diluted net income per common share was $0.58 against $0.61 a year ago. Adjusted EBITDA was $73,785,000 against $64,549,000 a year ago. Adjusted net income was $12,851,000 against $13,368,000 a year ago. Adjusted net income per diluted common share was $0.63 against $0.66 a year ago. The decrease in net income is attributable to one-time expenses of $0.8 million related to the pending acquisition by Ontario Teacher’s Pension Plan. For the fourth quarter, adjusted net income and net income decreases are attributable to one-time expenses of $0.8 million related to the previously announced pending acquisition by Ontario Teachers' Pension Plan. For the year, the company reported total revenues of $198,915,000 against $169,479,000 a year ago. Income before provision for income taxes was $45,932,000 against $38,745,000 a year ago. Net income was $46,436,000 against $39,436,000 a year ago. Basic and diluted net income per common share was $2.29 against $1.96 a year ago. Adjusted EBITDA was $289,478,000 against $239,755,000 a year ago. Adjusted net income was $51,470,000 against $44,128,000 a year ago. Adjusted net income per diluted common share was $2.54 against $2.19 a year ago. For the quarter, the company reported Impairment of leasing equipment held for sale of $212,000 against $385,000 a year ago and for the year, the company reported Impairment of leasing equipment held for sale of $2,158,000 against $1,289,000 a year ago.

SeaCube Container Leasing Ltd. to Report Q4, 2012 Results on Feb 20, 2013

SeaCube Container Leasing Ltd. announced that they will report Q4, 2012 results on Feb 20, 2013

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