GATX Earnings Reports

GATX Corporation reported a net income of $76.5 million, or $2.10 per diluted share, for the fourth quarter of 2024, compared to $66.0 million, or $1.81 per diluted share, for the same period in 2023. The company's Rail North America fleet utilization remained above 99%, and the Lease Price Index (LPI) was at 26.7%.

GATX Corporation reported a net income of $89.0 million, or $2.43 per diluted share, for the third quarter of 2024. Demand for railcars across GATX's global fleets remains strong, with Rail North America's fleet utilization above 99%. The company updated its 2024 full-year earnings guidance to $7.50 – 7.70 per diluted share.

GATX Corporation reported a net income of $44.4 million, or $1.21 per diluted share, for the second quarter of 2024. The results include a net negative impact of $8.0 million from Tax Adjustments and Other Items. Demand for railcars remains robust across all regions, and the aircraft spare engine portfolio continues to benefit from strong demand for global air travel. The company reiterates its 2024 full-year earnings guidance.

GATX Corporation reported a net income of $74.3 million, or $2.03 per diluted share, for the first quarter of 2024. Rail North America's fleet utilization remained high at 99.4%, and the Lease Price Index (LPI) was positive 33%. The company's first-quarter investment volume totaled $378.6 million. GATX reiterated its full-year earnings guidance for 2024.

GATX Corporation reported Q4 2023 net income of $66.0 million, or $1.81 per diluted share, compared to $48.4 million, or $1.36 per diluted share, in Q4 2022. The results reflect a strong railcar leasing environment in North America and solid performance in Rail International, along with robust demand for aircraft spare engines in Portfolio Management.

GATX Corporation reported a net income of $52.5 million, or $1.44 per diluted share, for the third quarter of 2023, compared to $29.1 million, or $0.81 per diluted share, in the third quarter of 2022. The company expects to modestly exceed the high end of the previously announced 2023 full-year earnings guidance range.

GATX Corporation reported a strong second quarter with net income of $63.3 million, or $1.74 per diluted share. Rail North America's fleet utilization remained high at 99.3%, and the company anticipates full-year earnings to be at the upper end of or modestly exceed the previously announced guidance.

GATX Corporation reported a net income of $77.4 million, or $2.16 per diluted share, for the first quarter of 2023, compared to $75.8 million, or $2.10 per diluted share, in the first quarter of 2022. Demand for railcars remains strong across all regions. The company reiterated its 2023 full-year earnings guidance of $6.50–$6.90 per diluted share, excluding the impact of Tax Adjustments and Other Items.

GATX Corporation reported Q4 2022 net income of $48.4 million, or $1.36 per diluted share. Full-year investment volume exceeded $1.0 billion for the third consecutive year. The company initiates 2023 earnings guidance of $6.50–$6.90 per diluted share.

GATX Corporation reported a net income of $29.1 million, or $0.81 per diluted share, for the third quarter of 2022. This includes an impairment charge of $10.8 million related to exiting the rail business in Russia. The company expects to be at the upper end of its previously announced 2022 full-year earnings guidance range.

GATX Corporation reported a net income of $2.6 million, or $0.07 per diluted share, for the second quarter of 2022, compared to $5.5 million, or $0.15 per diluted share, in the second quarter of 2021. The results include net negative impacts of $35.9 million from Tax Adjustments and Other Items. The company increased its 2022 full-year earnings guidance to $5.60 - $6.00 per diluted share.

GATX Corporation reported a net income of $75.8 million, or $2.10 per diluted share, for the first quarter of 2022, compared to $36.5 million, or $1.02 per diluted share, in the first quarter of 2021. The results included a net negative impact of $11.5 million related to aircraft spare engines in Russia and a net positive impact of $3.0 million related to an enacted tax rate reduction in Austria. The company reiterates its 2022 full-year earnings guidance to be in the range of $5.50 to $5.80 per diluted share.

GATX Corporation reported a strong fourth quarter and full-year results for 2021. Rail North America's performance was driven by improving market conditions and strong execution, leading to higher fleet utilization and renewal success rates. Rail International also performed well with high fleet utilization and increasing renewal lease rates. Portfolio Management's results were in line with expectations, while full-year investment volume exceeded $1.0 billion for the second consecutive year.

GATX Corporation reported a net income of $40.1 million, or $1.11 per diluted share, for the third quarter of 2021. The company's Rail North America fleet utilization increased to 99.2%. They continue to expect 2021 full-year earnings to be in the range of $4.30 to $4.50 per diluted share.

GATX Corporation reported a net income of $5.5 million, or $0.15 per diluted share, for the second quarter of 2021. The results include a $39.7 million negative impact from a UK tax rate increase. The company increased its full-year earnings guidance to $4.30-$4.50 per diluted share.

GATX Corporation reported a net income of $36.5 million, or $1.02 per diluted share, for the first quarter of 2021. The company's Rail North America fleet utilization was 97.8%. GATX also reiterated its 2021 full-year earnings guidance of $4.00 to $4.30 per diluted share.

GATX reported a net income from continuing operations of $17.8 million, or $0.50 per diluted share, for the fourth quarter of 2020. Despite challenges in Rail North America and Portfolio Management, the company maintained high fleet utilization and focused on cost control. Full-year investment volume was over $1.0 billion, reflecting strategic investments in attractively priced assets.

GATX Corporation reported a net income from continuing operations of $48.2 million, or $1.36 per diluted share, for the third quarter of 2020, compared to $37.2 million, or $1.03 per diluted share, in the third quarter of 2019. Rail North America's fleet utilization remained high at 98.2%. Portfolio Management realized an after-tax gain of $24.0 million on a transaction involving the refinancing and sale of a group of aircraft spare engines.

GATX Corporation reported a decrease in net income from continuing operations for the second quarter of 2020, with earnings per diluted share at $1.05 compared to $1.65 in the same quarter of 2019. The results were impacted by COVID-19, but Rail North America maintained a high fleet utilization of 98.7%.

GATX reported a net income of $46.3 million, or $1.31 per diluted share, for the first quarter of 2020, compared to a net income of $41.5 million, or $1.12 per diluted share, for the same period in 2019. The company suspends 2020 guidance due to uncertainties related to the COVID-19 pandemic.