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Mar 31, 2020
GATX Q1 2020 Earnings Report
GATX posted solid first-quarter results despite continuing weakness in the North American railcar leasing market and a deteriorating global economy. The company suspends 2020 guidance due to uncertainties related to the COVID-19 pandemic.
Key Takeaways
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.
Net income for the first quarter 2020 was $46.3 million or $1.31 per diluted share
GATX suspends 2020 guidance due to uncertainties related to the COVID-19 pandemic
Rail North America’s fleet utilization remained strong at 99.0%
The sale of American Steamship Company is expected to close in the second quarter.
GATX
GATX
GATX Revenue by Segment
Revenue by Segment
Rail North America Revenue
CapyFin.comRail International Revenue
CapyFin.comEngine Leasing Revenue
CapyFin.com Forward Guidance
GATX suspends 2020 guidance due to uncertainties related to the COVID-19 pandemic
Revenue & Expenses
Visualization of income flow from segment revenue to net income