GATX Q3 EPS $1.44 beats prior year $0.81; raises FY2023 guidance to above $6.90

GATX CORP

2023-Q3 EPS reported $5.30 revenue$1,042,200,000

Q3 net income $52.5M ($1.44 EPS) versus $29.1M ($0.81 EPS) in Q3 2022.
Full-year 2023 EPS guidance raised: expects to modestly exceed prior range of $6.50-$6.90.
Rail North America fleet utilization 99.3%; LPI positive 33.4%, average renewal term 65 months.
Investment volume $360M in Q3, over $1.2B YTD.
Rail International segment profit $28.2M (up from $14.5M); Portfolio Management $20.2M (up from $11.2M).

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 0.9

GATX CORP reported 2023 third quarter results: net income $52.5 million, or $1.44 per diluted share. Guidance raised.

Period: 2023 third quarter
Net income: $52.5 million, or $1.44 per diluted share
Guidance: raised
Result: reported results

Exact text from the filing

GATX Corporation (NYSE: GATX) today reported 2023 third-quarter net income of $52.5 million, or $1.44 per diluted share

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

GATX CORP reported first nine months of 2023 results: net income $193.2 million, or $5.30 per diluted share.

Period: first nine months of 2023
Net income: $193.2 million, or $5.30 per diluted share
Result: reported results

Exact text from the filing

Net income for the first nine months of 2023 was $193.2 million, or $5.30 per diluted share

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GATX CORP filing history →

Source: SEC EDGAR

accession 0000040211-23-000157

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