Loading...
•
Sep 30, 2024
GATX Q3 2024 Earnings Report
GATX Corporation reported strong Q3 2024 results driven by high fleet utilization and strong performance in Engine Leasing.
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.
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
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...