earnings
confidence high
sentiment negative
materiality 0.60
GATX Q1 net income $74.3M ($2.03 EPS), Rail NA utilization 99.4%, reiterates FY guide
GATX CORP
2024-Q1 EPS reported
$2.03
revenue$379,900,000
- Q1 net income $74.3M ($2.03 diluted EPS) vs $77.4M ($2.16) in Q1 2023.
- Rail North America fleet utilization 99.4%, renewal LPI positive 33%, renewal success rate 83.4%, avg term 64 mo.
- Investment volume $378.6M in Q1.
- Reiterates 2024 full-year guidance $7.30-$7.70 per diluted share, excluding Tax Adjustments and Other Items.
- Rail International segment profit up to $28.8M from $23.5M; Engine Leasing profit down to $25.7M from $28.3M.