Loading...
•
Jun 30, 2022
GATX Q2 2022 Earnings Report
GATX's financial performance declined compared to the same quarter last year, mainly due to negative impacts from tax adjustments and other items, including an impairment charge for marine vessels. However, the operating environment remained strong across global railcar leasing markets, with increased full-year earnings guidance.
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.
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
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...