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Sep 30, 2022
GATX Q3 2022 Earnings Report
GATX's Q3 2022 financial performance reflected a net income of $29.1 million, impacted by an impairment charge related to exiting the rail business in Russia, while fleet utilization remained strong and lease rates increased.
Key Takeaways
GATX Corporation reported a net income of $29.1 million, or $0.81 per diluted share, for the third quarter of 2022. This includes an impairment charge of $10.8 million related to exiting the rail business in Russia. The company expects to be at the upper end of its previously announced 2022 full-year earnings guidance range.
Fleet utilization at Rail North America and Rail International remained above 99%.
The company expects to be at the upper end of the previously announced 2022 full-year earnings guidance range.
Investment volume totaled approximately $888 million year to date.
Absolute lease rates in North America increased sequentially for the ninth consecutive quarter.
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
The company expects its 2022 full-year earnings to be at the upper end of its previously announced guidance range of $5.60 to $6.00 per diluted share. This guidance excludes any impact from Tax Adjustments and Other Items.
Revenue & Expenses
Visualization of income flow from segment revenue to net income