Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
GATX Corp (GATX)
NYSE:GATX
Earnings Data
Report Date
Apr 16, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
2.09Last Year’s EPS
2.01Same Quarter Last Year
Based on 1 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Jan 23, 2025
|% Change Since: 4.83%
|Next Earnings Date:Apr 16, 2025
Earnings Call Sentiment|Positive
The earnings call conveyed a predominantly positive outlook with strong net income growth, robust investment activities, and favorable market conditions for both rail and engine leasing. While there are some challenges, particularly in the European market and rising cost pressures, the positive elements largely outweigh these concerns.Company Guidance
During the GATX Fourth Quarter Earnings Call for 2024, the company provided comprehensive guidance for 2025. GATX anticipates earnings per diluted share to range between $8.30 and $8.70, representing another record year of performance. The company expects Rail North America's segment profit to increase slightly, driven by an anticipated $75 million rise in lease revenue, despite a $10 million increase in net maintenance expenses and a $40 million rise in ownership costs due to higher interest rates and depreciation. Remarketing income is projected to remain robust, ranging from $100 million to $110 million. GATX plans to invest approximately $1.4 billion in 2025, with Rail North America accounting for about $800 million of that total. The company also expects Rail International's profit to increase by $5 million to $15 million and Engine Leasing profit to rise by $20 million to $30 million. Despite inflationary pressures, GATX aims to keep SG&A costs increase to a modest level of around $5 million.Record Net Income Growth
GATX reported 2024 fourth quarter net income of $76.5 million or $2.10 per diluted share, compared to $66 million or $1.81 per diluted share in 2023. Full-year 2024 net income was $284.2 million or $7.78 per diluted share, up from $259.2 million or $7.12 per diluted share in 2023.
Robust Investment Volume
Full-year investment volume exceeded $1.6 billion for the second consecutive year, with RRPF, the engine leasing joint venture, investing over $900 million.
Remarketing Income Surpasses Expectations
Remarketing income at Rail North America exceeded expectations, reaching $120 million, driven by strong demand for GATX assets.
Positive Lease Renewal and Rate Environment
Renewal success rate in North America remained high in the mid-80% levels, with lease rate performance (LPI) at 26.7% in Q4.
Strong Engine Leasing Performance
Engine Leasing segment profit is expected to increase by $20 million to $30 million in 2025, with global air travel trends remaining favorable.
---
GATX Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
---
GATX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Jan 23, 2025 | $154.49 | $161.43 | +4.49% |
| Oct 22, 2024 | $130.56 | $139.37 | +6.75% |
| Jul 23, 2024 | $144.21 | $133.18 | -7.65% |
| Apr 23, 2024 | $128.38 | $124.58 | -2.96% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
---
FAQ
When does GATX Corp (GATX) report earnings?
GATX Corp (GATX) is schdueled to report earning on Apr 16, 2025, TBA Not Confirmed.
What is GATX Corp (GATX) earnings time?
GATX Corp (GATX) earnings time is at Apr 16, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is GATX EPS forecast?
GATX EPS forecast for the fiscal quarter 2025 (Q1) is 2.09.
---