secwatch.observer — SEC 8-K summary
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Issuer:     GATX CORP (GATX)
CIK:        0000040211
Form:       8-K
Filed at:   2024-04-23T23:59:59+00:00
Accession:  0000040211-24-000032
Event type: earnings
Sentiment:  negative
Materiality: 0.60
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/40211/000004021124000032/0000040211-24-000032-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/40211/000004021124000032/gatx-20240423.htm
  HTML page:      https://secwatch.observer/filing/0000040211-24-000032

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