GATX Q3 2024 Earnings Report
Key Takeaways
GATX Corporation reported a net income of $89.0 million, or $2.43 per diluted share, for the third quarter of 2024. Demand for railcars across GATX's global fleets remains strong, with Rail North America's fleet utilization above 99%. The company updated its 2024 full-year earnings guidance to $7.50 – 7.70 per diluted share.
Demand for railcars remains strong across GATX's global fleets.
Rail North America's fleet utilization remained above 99%.
Aircraft spare engine portfolio continues to show strong performance.
The company updated its 2024 full-year earnings guidance to $7.50 – 7.70 per diluted share.
GATX
GATX
GATX Revenue by Segment
Forward Guidance
Based on current market conditions and year-to-date performance, GATX expects 2024 full-year earnings to be in the range of $7.50–$7.70 per diluted share, excluding the impact of Tax Benefits and Other Items.
Revenue & Expenses
Visualization of income flow from segment revenue to net income