https://assets.capyfin.com/instruments/678fdc13234e27009c5d602d.png avatar
GATX
🇺🇸 NYSE:GATX
View Company
OverviewEarningsDividends
•
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.

Total Revenue
$380M
Previous year: $339M
+12.1%
EPS
$2.01
Previous year: $2.2
-8.6%
Rail NA Boxcar Fleet
9.67K
Previous year: 8.79K
+10.0%
Rail NA Boxcar Utilization
99.8%
Previous year: 100%
-0.2%
Rail NA Avg Active Railcars
9.58K
Previous year: 100.55K
-90.5%
Gross Profit
$184M
Previous year: $154M
+19.0%
Cash and Equivalents
$479M
Previous year: $177M
+170.1%
Total Assets
$11.6B
Previous year: $10B
+15.2%

GATX

GATX

GATX 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

Company Overview

Full financial data and analysis

View GATX