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Mar 31, 2024
GATX Q1 2024 Earnings Report
GATX's first quarter 2024 results were reported with a net income of $74.3 million and a Rail North America fleet utilization of 99.4%. Investment volume totaled $378.6 million. The company reiterated its full-year earnings guidance for 2024.
Key Takeaways
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.
Net income for the first quarter of 2024 was $74.3 million, or $2.03 per diluted share.
Rail North America's fleet utilization remained high at 99.4% with a Lease Price Index (LPI) of positive 33%.
First-quarter investment volume totaled $378.6 million.
The company reiterated its 2024 full-year earnings guidance of $7.30–$7.70 per diluted share, excluding the impact of Tax Adjustments and Other Items.
Revenue by Segment
Forward Guidance
GATX reiterates its 2024 full-year earnings estimate remains unchanged at $7.30–$7.70 per diluted share, excluding the impact of Tax Adjustments and Other Items.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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