---
schema_version: "secwatch.filing_event.v1"
accession: "0000040211-24-000032"
form_type: "8-K"
ticker: "GATX"
cik: "0000040211"
company_name: "GATX CORP"
filed_at: "2024-04-23T23:59:59+00:00"
generated_at: "2026-06-03T12:41:45.926253+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# GATX Q1 net income $74.3M ($2.03 EPS), Rail NA utilization 99.4%, reiterates FY guide

## Summary
- 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.

## SEC filing metadata
- accession: 0000040211-24-000032
- form_type: 8-K
- ticker: GATX
- cik: 0000040211
- company_name: GATX CORP
- filed_at: 2024-04-23T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- 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/40211/000004021124000032/0000040211-24-000032-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/40211/000004021124000032/gatx-20240423.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000040211-24-000032
- JSON: https://secwatch.observer/filing/0000040211-24-000032.json
- Plain text: https://secwatch.observer/filing/0000040211-24-000032.txt

## Key facts
- Earnings Releases
  GATX CORP reported the first quarter of 2024 results: net income $74.3 million, or $2.03 per diluted share, EPS $2.03 per diluted share. Guidance reaffirmed.
  - Period: the first quarter of 2024
  - Net income: $74.3 million, or $2.03 per diluted share
  - EPS: $2.03 per diluted share
  - Guidance: reaffirmed
  - Result: reported results
  source text: GATX Corporation (NYSE: GATX) today reported 2024 first-quarter net income of $74.3 million, or $2.03 per diluted share
  evidence_url: https://www.sec.gov/Archives/edgar/data/40211/000004021124000032/0000040211-24-000032-index.htm

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