GATX Q1 net income $77.4M ($2.16 EPS); reaffirms FY23 guidance $6.50-$6.90

GATX CORP

2023-Q1 EPS reported $2.16 revenue$338,900,000

Q1 net income $77.4M vs $75.8M YoY; diluted EPS $2.16 vs $2.10.
Rail NA segment profit $95.2M down from $120.4M YoY on lower asset disposition gains.
Lease Price Index positive 34.3%, average renewal term 37 months vs 30 months YoY.
Portfolio Management segment profit $28.3M vs loss $3.9M YoY, driven by RPF affiliate earnings.
Reiterates FY23 EPS guidance $6.50-$6.90 ex-Tax Adjustments; investment volume $387M in Q1.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

GATX CORP reported first quarter of 2023 results: net income $77.4 million, EPS $2.16 per diluted share. Guidance reaffirmed.

Period: first quarter of 2023
Net income: $77.4 million
EPS: $2.16 per diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

GATX Corporation (NYSE:GATX) today reported 2023 first-quarter net income of $77.4 million, or $2.16 per diluted share, compared to net income of $75.8 million, or $2.10 per diluted share, in the first quarter of 2022.

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Source: SEC EDGAR

accession 0000040211-23-000040

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