GATX Corp is a global provider of railcar leasing and specialized transportation services, primarily focusing on tank cars and freight cars for the rail industry
The company also engages in the maintenance and repair of railcars, ensuring safety and efficiency in rail transportation. Beyond rail services, GATX is involved in the management of various industrial assets, including marine and power generation equipment, thereby offering tailored solutions to meet the needs of its diverse client base. With a commitment to sustainability and innovation, GATX aims to enhance the efficiency and effectiveness of transportation solutions across various sectors.
Shares of leasing services company GATX (NYSEGATX) jumped 6.5% in the afternoon session after the company reported strong fourth-quarter results, surpassing Wall Street's expectations for revenue and EPS, driven by robust demand for railcars. Looking ahead, GATX's full-year EPS guidance also exceeded analysts' expectations. Overall, we think this quarter was impressive.
Leasing services company GATX (NYSEGATX) announced better-than-expected revenue in Q4 CY2024, with sales up 12.2% year on year to $413.5 million. Its GAAP profit of $2.10 per share was 24.6% above analysts’ consensus estimates.
GATX Corporation (NYSEGATX) today reported 2024 fourth-quarter net income of $76.5 million or $2.10 per diluted share, compared to net income of $66.0 million or $1.81 per diluted share in the fourth quarter of 2023. The 2024 and 2023 fourth-quarter results include net positive impacts of $0.17 per diluted share and $0.07 per diluted share, respectively, from Tax Adjustments and Other Items.
As the Q3 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the vehicle parts distributors industry, including Rush Enterprises (NASDAQRUSHA) and its peers.
GATX Corporation (NYSEGATX) will report results for the 2024 fourth quarter prior to market open on Jan. 23, 2025. GATX will hold a conference call to review the results later that morning. Investors may listen to the call via telephone or over the internet as follows:
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how vehicle parts distributors stocks fared in Q3, starting with GATX (NYSEGATX).
As the Q3 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the industrial distributors industry, including Beacon Roofing Supply (NASDAQBECN) and its peers.
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how Air Lease (NYSEAL) and the rest of the vehicle parts distributors stocks fared in Q3.
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how FTAI Aviation (NASDAQFTAI) and the rest of the vehicle parts distributors stocks fared in Q3.
GATX Corporation (NYSEGATX) was recently selected by the Chemistry Industry Association of Canada (“CIAC”) to receive the 2023 Responsible Care® Excellence in Partnership Award. This award was presented to GATX at the annual CIAC board of directors’ meeting on Oct. 22, 2024.
The board of directors of GATX Corporation (NYSEGATX) today declared a quarterly dividend of $0.58 per common share, payable Dec. 31, 2024, to shareholders of record on Dec. 13, 2024. This quarterly dividend is unchanged from the prior quarter.
Shares of leasing services company GATX (NYSEGATX) jumped 8% in the afternoon session after the company reported a "beat and raise" quarter, with revenue and EPS exceeding analysts' expectations. Looking ahead, the company provided full-year revenue guidance that outperformed Wall Street's estimates and raised its full-year EPS guidance. Notably, demand for railcars remained strong, with North America's fleet utilization at 99.3% and the renewal success rate above 80%. Zooming out, we think this quarter featured some important positives.
GATX Corporation (NYSEGATX) today reported 2024 third-quarter net income of $89.0 million, or $2.43 per diluted share, compared to net income of $52.5 million, or $1.44 per diluted share, in the third quarter of 2023. The 2024 third-quarter results include a net negative impact of $2.5 million, or $0.07 per diluted share, from Tax Adjustments and Other Items.
GATX Corporation (NYSEGATX) will report results for the 2024 third quarter prior to market open on Oct. 22, 2024. GATX will hold a conference call to review the results later that morning. Investors may listen to the call via telephone or over the internet as follows:
NEW YORK, NY / ACCESSWIRE / September 17, 2024 / Sidoti Events, LLC, an affiliate of Sidoti & Company, LLC, has released the presentation schedule and weblinks for its two-day September Small-Cap Conference taking place Wednesday and Thursday, September 18-19, 2024. The presentation schedule is subject to change. Please visit www.sidoti.com/events for the most updated version and webinar links.
GATX Corporation (NYSEGATX), the leading global lessor of transportation assets, today announced that Christopher LaHurd has been appointed senior vice president, international, effective immediately. In this role, Mr. LaHurd will focus on developing and implementing strategic and operational initiatives that position GATX to fully capitalize on the attractive growth opportunities in the European rail market.
The board of directors of GATX Corporation (NYSEGATX) today declared a quarterly dividend of $0.58 per common share, payable September 30, 2024, to shareholders of record on September 13, 2024. This quarterly dividend is unchanged from the prior quarter.
