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 $7.30β$7.70 per diluted share, excluding the impact of Tax Adjustments and Other Items.
GATX reiterates its 2024 full-year earnings estimate remains unchanged at $7.30β$7.70 per diluted share, excluding the impact of Tax Adjustments and Other Items.
Visualization of income flow from segment revenue to net income
Analyze how earnings announcements historically affect stock price performance