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Jun 30, 2024
GATX Q2 2024 Earnings Report
GATX's Q2 2024 financial performance reflected robust demand for railcars and aircraft spare engines, with a net income of $44.4 million.
Key Takeaways
GATX Corporation reported a net income of $44.4 million, or $1.21 per diluted share, for the second quarter of 2024. The results include a net negative impact of $8.0 million from Tax Adjustments and Other Items. Demand for railcars remains robust across all regions, and the aircraft spare engine portfolio continues to benefit from strong demand for global air travel. The company reiterates its 2024 full-year earnings guidance.
Demand for railcars remains robust across all regions.
Rail North America's fleet utilization remains above 99%.
Aircraft spare engine portfolio continues to benefit from strong demand for global air travel.
Company reiterates 2024 full-year earnings guidance at $7.30–$7.70 per diluted share, excluding the impact of Tax Adjustments and Other Items.
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
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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