CAI International, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2018. For the quarter, the company reported total revenue of $95,374,000 compared to $81,506,000 a year ago. Operating income was $34,716,000 compared to $17,951,000 a year ago. Income before income taxes was $17,852,000 compared to $5,965,000 a year ago. Net income attributable to company's stockholders was $17,117,000 compared to $5,272,000 a year ago. Earnings per diluted share was $0.83 compared to $0.27 a year ago. Net cash provided by operating activities was $39,247,000 compared to $24,285,000 a year ago. Purchase of furniture, fixtures and equipment was $58,000 compared to $44,000 a year ago. Purchase of rental equipment was $112,763,000 compared to $48,116,000 a year ago.

The company expects the momentum for equipment demand to continue as the year progresses and that 2018 will be an earnings growth year for the company. The company's effective tax rate in first quarter was 4% and is the rate expects for all of 2018.