GATX 4Q Profit Rises on Revenue Gains

Dow Jones

23 Jan

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.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

1
2
3
4
5
6
7
8
9
10

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2505019848"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2505019848\",edition:\"fundamental\",,,undefined,":{"share":"https://ttm.financial/m/news/2505019848?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-01-23 22:04","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2505019848","market":"sg","top_or_hot":-1,"title":"GATX 4Q Profit Rises on Revenue Gains","media":"Dow Jones","content":"<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>","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: 11px; color: #7E829C; margin: 0;line-height: 11px;}\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\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\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\">2025-01-23 22:04</p>\n</div>\n\n</div>\n\n\n</h4>\n\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\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"GATX","symbol_name":"GATX Corporation","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":{"GATX":"GATX Corporation"},"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}}}