earnings
confidence high
sentiment negative
materiality 0.75
GATX Q3 net income $29.1M ($0.81 EPS); Russia exit charges; guidance upper end
GATX CORP
2022-Q2 EPS reported
$2.99
revenue$950,300,000
- Q3 net income fell to $29.1M ($0.81) from $40.1M ($1.11) YoY; includes $10.8M Russia impairment.
- Rail North America utilization 99.6%; Lease Price Index renewal rate change +37.5% vs -8.1% YoY.
- Rail International profit $14.5M vs $27.0M YoY; hit by $10.8M Russian exit charge and FX headwinds.
- Full-year EPS guidance raised to upper end of $5.60–$6.00, excluding Tax Adjustments and Other Items.
- YTD investment volume $887.9M; new committed supply agreement for min. 15,000 railcars.