GATX Q2 2022 Earnings Report
Key Takeaways
GATX Corporation reported a net income of $2.6 million, or $0.07 per diluted share, for the second quarter of 2022, compared to $5.5 million, or $0.15 per diluted share, in the second quarter of 2021. The results include net negative impacts of $35.9 million from Tax Adjustments and Other Items. The company increased its 2022 full-year earnings guidance to $5.60 - $6.00 per diluted share.
GATX reported second-quarter net income of $2.6 million, or $0.07 per diluted share.
The company's results were impacted by $35.9 million in net negative impacts from Tax Adjustments and Other Items.
Rail North America's fleet utilization was 99.4% at the end of the second quarter, and the renewal success rate was 87.7%.
GATX increased its 2022 full-year earnings expectations to be in the range of $5.60 to $6.00 per diluted share, excluding any impact from Tax Adjustments and Other Items.
GATX
GATX
GATX Revenue by Segment
Forward Guidance
GATX increased its 2022 full-year earnings expectations to be in the range of $5.60 to $6.00 per diluted share, excluding any impact from Tax Adjustments and Other Items.
Revenue & Expenses
Visualization of income flow from segment revenue to net income