secwatch.observer — SEC 8-K summary
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Issuer:     GATX CORP (GATX)
CIK:        0000040211
Form:       8-K
Filed at:   2024-07-23T23:59:59+00:00
Accession:  0000040211-24-000063
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

GATX Q2 net income falls to $44.4M ($1.21 EPS) from $63.3M; full-year guidance reaffirmed
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/40211/000004021124000063/0000040211-24-000063-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/40211/000004021124000063/gatx-20240723.htm
  HTML page:      https://secwatch.observer/filing/0000040211-24-000063

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