- GATX Corp (NYSE:GATX) reported first-quarter revenue growth of 3.5% year-over-year to $316.6 million, missing the consensus of $323 million.
- Adjusted EPS of $2.34 topped the consensus of $1.39.
- Revenue by segments: Rail North America $223.7 million (-0.4% Y/Y), Rail International $69.9 million (+0.72% Y/Y), Portfolio Management $14.5 million (+104.2% Y/Y) and Others $8.5 million (+80.8% Y/Y).
- Rail North America segment profit was $120.4 million, compared to $65.7 million in the 1Q21, with higher gains on asset dispositions in the quarter. As of March 31, 2022, Rail North America's wholly-owned fleet comprised approximately 110,700 cars, including 10,300 boxcars.
- Rail International's segment profit was $24.9 million versus $21.8 million a year ago.
- Portfolio Management reported a segment loss of $(3.9) million in the quarter, compared to a segment profit of $6.1 million a year ago.
- GATX had cash and cash equivalents of $649.5 million as of March 31, 2022.
- FY22 Outlook reaffirmed: GATX expects EPS of $5.50 - $5.80 versus the consensus of $5.73.
- Price Action: GATX shares traded lower by 1.27% at $118.08 on the last check Wednesday.
Get all your news in one place.
100’s of premium titles.
One app.
Start reading
One app.
Get all your news in one place.
100’s of premium titles. One news app.
GATX's Q1 Top-Line Lags Street View; Reaffirms FY22 EPS Guidance
Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member?
Sign in here
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member?
Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member?
Sign in here
Our Picks