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GATX
🇺🇸 NYSE:GATX
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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.

Total Revenue
$321M
Previous year: $314M
+2.4%
EPS
$1.12
Previous year: $1.11
+0.9%
Rail NA Boxcar Fleet
10.22K
Previous year: 12.81K
-20.2%
Rail NA Boxcar Utilization
100%
Previous year: 99.2%
+0.8%
Rail NA Avg Active Railcars
10.27K
Previous year: 100.47K
-89.8%
Gross Profit
$144M
Previous year: $136M
+6.1%
Cash and Equivalents
$596M
Previous year: $566M
+5.4%
Total Assets
$9.88B
Previous year: $9.59B
+3.0%

GATX

GATX

GATX Revenue by Segment

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

Company Overview

Full financial data and analysis

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