earnings
confidence high
sentiment negative
materiality 0.70
GATX Q2 net income falls to $44.4M ($1.21 EPS) from $63.3M; full-year guidance reaffirmed
GATX CORP
2024-Q2 EPS reported
$3.25
revenue$766,600,000
- Net income $44.4M ($1.21 diluted EPS) vs $63.3M ($1.74); $0.22 negative impact from Tax Adjustments.
- Rail North America profit $78.8M (vs $79.3M); fleet utilization 99.3%; LPI renewal rate change +29.4%.
- Rail International profit $26.5M (vs $27.3M); Rail Europe utilization 95.8%, Rail India 100%.
- Engine Leasing profit $18.4M (vs $26.6M); acquired 3 engines for $71.3M in quarter.
- Full-year EPS guidance reaffirmed at $7.30-$7.70 ex-Tax Adjustments; Q2 investment volume $442M.