---
schema_version: "secwatch.filing_event.v1"
accession: "0000040211-23-000040"
form_type: "8-K"
ticker: "GATX"
cik: "0000040211"
company_name: "GATX CORP"
filed_at: "2023-04-25T23:59:59+00:00"
generated_at: "2026-06-16T17:12:07.905407+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000040211-23-000040
- form_type: 8-K
- ticker: GATX
- cik: 0000040211
- company_name: GATX CORP
- filed_at: 2023-04-25T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/40211/000004021123000040/0000040211-23-000040-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/40211/000004021123000040/gatx-20230425.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000040211-23-000040
- JSON: https://secwatch.observer/filing/0000040211-23-000040.json
- Plain text: https://secwatch.observer/filing/0000040211-23-000040.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/40211/000004021123000040/0000040211-23-000040-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.