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GATX
🇺🇸 NYSE:GATX
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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.

Total Revenue
$387M
Previous year: $343M
+12.7%
EPS
$1.43
Previous year: $1.73
-17.3%
Rail NA Boxcar Fleet
9K
Previous year: 8.96K
+0.5%
Rail NA Boxcar Utilization
99.8%
Previous year: 99.8%
+0.0%
Rail NA Avg Active Railcars
9.3K
Previous year: 8.86K
+5.1%
Gross Profit
$183M
Previous year: $157M
+16.0%
Cash and Equivalents
$824M
Previous year: $318M
+159.5%
Total Assets
$12.2B
Previous year: $10.6B
+15.4%

GATX

GATX

GATX 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

Company Overview

Full financial data and analysis

View GATX