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An announcement from GATX ( (GATX) ) is now available.
On January 23, 2025, GATX Corporation announced its financial results for the fourth quarter and the full year of 2024, revealing a net income of $76.5 million for the fourth quarter and $284.2 million for the full year. The company surpassed its original expectations due to strong demand in its Rail North America and Engine Leasing segments, maintaining high fleet utilization and achieving significant asset remarketing income. Additionally, GATX’s international operations in Europe and India sustained high fleet utilization rates. Looking forward to 2025, GATX anticipates continued growth in lease revenue and segment profit across its divisions, despite potential challenges in maintenance and interest expenses.
More about GATX
GATX Corporation, headquartered in Chicago, Illinois, leases transportation assets such as railcars, aircraft spare engines, and tank containers to customers worldwide. Since its founding in 1898, the company has focused on delivering innovative and sustainable services, maintaining a consistent quarterly dividend since 1919.
YTD Price Performance: 2.03%
Average Trading Volume: 168,860
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $5.51B
For a thorough assessment of GATX stock, go to TipRanks’ Stock Analysis page.
