GATX 4Q Profit Rises on Revenue Gains

Dow Jones

01-23

By Dean Seal

GATX reports strong revenue and profit gains in the fourth quarter on strong railcar demand that's expected to stay steady in the new year.

The Chicago-based railcar leasing company on Thursday posted a profit of $76.5 million, or $2.10 a share, compared with $66 million, or $1.81 a share, in the same quarter a year ago.

Stripping out one-time items, adjusted earnings were $1.93 a share. Analysts polled by FactSet had been expecting $1.71 a share.

Revenue rose about 12% to $413.5 million, topping analyst projections for $409.8 million.

Maintenance, depreciation and overhead expenses were all higher year over year, but total costs didn't rise as much as revenue did.

GATX ended the quarter with fleet utilization at 99.1% in North America, a little lower than 99.3% at both the end of the third quarter and the end of 2023. Internationally, fleet utilization was 96.1% in Europe, up from the prior quarter and 2023 year-end.

Chief Executive Robert Lyons said demand for existing railcars was steady in North America and should remain stable in 2025.

For the year ahead, the company is guiding for earnings of $8.30 to $8.70 a share. Analysts surveyed by FactSet had been forecasting $8.35 a share.

Shares rose 3.4% to $159.72 in premarket trading.

Write to Dean Seal at dean.seal@wsj.com

(END) Dow Jones Newswires

January 23, 2025 09:04 ET (14:04 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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Analysts surveyed by FactSet had been forecasting $8.35 a share. \n</p>\n<p>\n  Shares rose 3.4% to $159.72 in premarket trading. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Dean Seal at dean.seal@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 23, 2025 09:04 ET (14:04 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>GATX 4Q Profit Rises on Revenue Gains</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGATX 4Q Profit Rises on Revenue Gains\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time smaller\">2025-01-23 22:04</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n     By Dean Seal \n</p>\n<pre>\n \n</pre>\n<p>\n  GATX reports strong revenue and profit gains in the fourth quarter on strong railcar demand that's expected to stay steady in the new year. \n</p>\n<p>\n  The Chicago-based railcar leasing company on Thursday posted a profit of $76.5 million, or $2.10 a share, compared with $66 million, or $1.81 a share, in the same quarter a year ago. \n</p>\n<p>\n  Stripping out one-time items, adjusted earnings were $1.93 a share. Analysts polled by FactSet had been expecting $1.71 a share. \n</p>\n<p>\n  Revenue rose about 12% to $413.5 million, topping analyst projections for $409.8 million. \n</p>\n<p>\n  Maintenance, depreciation and overhead expenses were all higher year over year, but total costs didn't rise as much as revenue did. \n</p>\n<p>\n  GATX ended the quarter with fleet utilization at 99.1% in North America, a little lower than 99.3% at both the end of the third quarter and the end of 2023. Internationally, fleet utilization was 96.1% in Europe, up from the prior quarter and 2023 year-end. \n</p>\n<p>\n  Chief Executive Robert Lyons said demand for existing railcars was steady in North America and should remain stable in 2025. \n</p>\n<p>\n  For the year ahead, the company is guiding for earnings of $8.30 to $8.70 a share. Analysts surveyed by FactSet had been forecasting $8.35 a share. \n</p>\n<p>\n  Shares rose 3.4% to $159.72 in premarket trading. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Dean Seal at dean.seal@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 23, 2025 09:04 ET (14:04 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2505019848","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2505019848","pubTimestamp":1737641040,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"GATX reports strong revenue and profit gains in the fourth quarter on strong railcar demand that's expected to stay steady in the new year.The Chicago-based railcar leasing company on Thursday posted a profit of $76.5 million, or $2.10 a share, compared with $66 million, or $1.81 a share, in the same quarter a year ago.Stripping out one-time items, adjusted earnings were $1.93 a share. Analysts polled by FactSet had been expecting $1.71 a share.Revenue rose about 12% to $413.5 million, topping analyst projections for $409.8 million.Maintenance, depreciation and overhead expenses were all higher year over year, but total costs didn't rise as much as revenue did.GATX ended the quarter with fleet utilization at 99.1% in North America, a little lower than 99.3% at both the end of the third quarter and the end of 2023. Internationally, fleet utilization was 96.1% in Europe, up from the prior quarter and 2023 year-end.Chief Executive Robert Lyons said demand for existing railcars was steady ","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"GATX第四季度利润因收入增长而增长","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"GATX":1},"content_text":"By Dean Seal \n\n\n \n\n\n  GATX reports strong revenue and profit gains in the fourth quarter on strong railcar demand that's expected to stay steady in the new year. \n\n\n  The Chicago-based railcar leasing company on Thursday posted a profit of $76.5 million, or $2.10 a share, compared with $66 million, or $1.81 a share, in the same quarter a year ago. \n\n\n  Stripping out one-time items, adjusted earnings were $1.93 a share. Analysts polled by FactSet had been expecting $1.71 a share. \n\n\n  Revenue rose about 12% to $413.5 million, topping analyst projections for $409.8 million. \n\n\n  Maintenance, depreciation and overhead expenses were all higher year over year, but total costs didn't rise as much as revenue did. \n\n\n  GATX ended the quarter with fleet utilization at 99.1% in North America, a little lower than 99.3% at both the end of the third quarter and the end of 2023. Internationally, fleet utilization was 96.1% in Europe, up from the prior quarter and 2023 year-end. \n\n\n  Chief Executive Robert Lyons said demand for existing railcars was steady in North America and should remain stable in 2025. \n\n\n  For the year ahead, the company is guiding for earnings of $8.30 to $8.70 a share. Analysts surveyed by FactSet had been forecasting $8.35 a share. \n\n\n  Shares rose 3.4% to $159.72 in premarket trading. \n\n\n \n\n\n  Write to Dean Seal at dean.seal@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  January 23, 2025 09:04 ET (14:04 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1}}}