GATX Corp
GATX
ISIN US3614481030 / Valor 932738
GATX Corp
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About company
GATX Corp is a prominent global company that specializes in railcar leasing and services, catering to clients across North America, Europe, and India. Additionally, through its subsidiary Trifleet, the company manages a vast fleet of tank containers worldwide. In collaboration with Rolls-Royce plc, GATX Corp also holds a significant aircraft spare engine leasing portfolio, making it one of the largest in the industry.
Summarized from source with an LLMView SourceSector: Consumer ServicesLatest Results (25.12.2024):
Net Income
GATX Corp reported a net income of $66.0 million or $1.81 per diluted share for the fourth quarter of 2023. This is an increase from the $48.4 million or $1.36 per diluted share reported in the fourth quarter of 2022. The 2023 fourth-quarter results included a net positive impact from Tax Adjustments and Other Items of $0.07 per diluted share.
Full-Year Earnings
For the full year of 2023, GATX Corp achieved a net income of $259.2 million or $7.12 per diluted share. This is a significant increase compared to the $155.9 million or $4.35 per diluted share reported in 2022. The full-year results for 2023 included a net positive impact from Tax Adjustments and Other Items of $0.05 per diluted share.
Investment Volume
GATX Corp's full-year investment volume for 2023 exceeded $1.6 billion. This includes significant investments in Rail North America, Rail International, and Portfolio Management, with notable acquisitions of railcars and aircraft spare engines.
Rail North America Performance
In the fourth quarter of 2023, Rail North America reported a segment profit of $66.7 million, down from $83.5 million in the same quarter of 2022. The full-year segment profit for 2023 was $307.3 million, compared to $321.3 million in 2022, primarily due to higher maintenance and interest expenses.
2024 Earnings Outlook
GATX Corp has initiated its 2024 earnings guidance, projecting earnings to be in the range of $7.30 to $7.70 per diluted share. The company anticipates increased segment profits in Rail North America and Rail International, driven by higher lease revenues and robust demand for aircraft spare engines.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
5612 M
Market cap (USD)
34,157
Daily traded volume (Shares)
158.04 / 156.27
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
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P/E ratio
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EPS (USD)
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Ratings & reviews
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