Edition:
India

Cai International - To Incur Non-Cash Impairment Charge To Reduce Book Value Of Railcar Portfolio To $283 Mln


Thursday, 19 Sep 2019 

Sept 18 (Reuters) - CAI International Inc ::CAI INTERNATIONAL INC - WILL INCUR A NON-CASH IMPAIRMENT CHARGE TO REDUCE THE BOOK VALUE OF ITS RAILCAR PORTFOLIO TO APPROXIMATELY $283 MILLION.CAI INTERNATIONAL INC - REDUCTION WILL RESULT IN NON-CASH AFTER-TAX CHARGE OF ABOUT $20 MILLION TO RESULTS IN THE Q3.CAI INTERNATIONAL - HAS NOT INCURRED, DOES NOT EXPECT TO INCUR, ANY CASH CHARGES OR EXPENDITURES IN CONNECTION WITH IMPAIRMENT OF ITS RAILCAR ASSETS. 

Company Quote

22.53
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21 Oct 2019