GATX Q2 EPS $1.74 vs $0.07 YoY; raises FY guidance to upper end of $6.50-$6.90

GATX CORP

2023-Q2 EPS reported $3.87 revenue$682,100,000

Net income $63.3M ($1.74 diluted EPS) vs $2.6M ($0.07) in Q2 2022; YTD net income $140.7M ($3.87).
Rail North America fleet utilization 99.3%; renewal lease rate change (LPI) +33.1%; average renewal term 61 months.
Investment volume $486.6M in Q2, including $239M for nine aircraft spare engines.
FY2023 guidance expected at upper end or modestly above prior $6.50-$6.90 diluted EPS range (excl. special items).
Segment profits: Rail North America $79.3M (up from $53.1M); Portfolio Management $26.6M vs loss of $15.7M.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

GATX CORP reported 2023 second-quarter results: net income $63.3 million, EPS $1.74 per diluted share.

Period: 2023 second-quarter
Net income: $63.3 million
EPS: $1.74 per diluted share
Result: reported results

Exact text from the filing

GATX Corporation (NYSE: GATX) today reported 2023 second-quarter net income of $63.3 million, or $1.74 per diluted share

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

GATX CORP reported 2023 full-year results: EPS $6.50–$6.90 per diluted share. Guidance reaffirmed.

Period: 2023 full-year
EPS: $6.50–$6.90 per diluted share
Guidance: reaffirmed
Result: guidance update

Exact text from the filing

we expect our 2023 full-year earnings to be at the upper end of or modestly exceed our previously announced guidance range of $6.50–$6.90 per diluted share

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

GATX CORP reported first six months of 2023 results: net income $140.7 million, EPS $3.87 per diluted share.

Period: first six months of 2023
Net income: $140.7 million
EPS: $3.87 per diluted share
Result: reported results

Exact text from the filing

Net income for the first six months of 2023 was $140.7 million, or $3.87 per diluted share

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Source: SEC EDGAR

accession 0000040211-23-000124

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