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Jun 30, 2023
GATX Q2 2023 Earnings Report
GATX reported net income of $63.3 million, with Rail North America's fleet utilization remaining high and the company expecting to be at the upper end of or modestly exceed the previously announced 2023 full-year earnings guidance range.
Key Takeaways
GATX Corporation reported a strong second quarter with net income of $63.3 million, or $1.74 per diluted share. Rail North America's fleet utilization remained high at 99.3%, and the company anticipates full-year earnings to be at the upper end of or modestly exceed the previously announced guidance.
Rail North America’s fleet utilization remained high at 99.3%.
Investment volume was $486.6 million in the second quarter and totaled $873.6 million year to date.
GATX's second-quarter direct investment of aircraft spare engines totaled $239 million.
Company expects to be at the upper end of or modestly exceed the previously announced 2023 full-year earnings guidance range.
GATX
GATX
GATX Revenue by Segment
Revenue by Segment
Rail North America Revenue
CapyFin.comRail International Revenue
CapyFin.comEngine Leasing Revenue
CapyFin.comOther Revenue
CapyFin.com Forward Guidance
GATX expects its 2023 full-year earnings to be at the upper end of or modestly exceed its previously announced guidance range of $6.50–$6.90 per diluted share, with variability around this guidance driven primarily by the timing of remarketing events. This guidance excludes any impact from Tax Adjustments and Other Items.
Revenue & Expenses
Visualization of income flow from segment revenue to net income