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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.
Revenue by Segment
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
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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