GATX Corp. (GMT) Tops Q1 EPS by 30c
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GATX Corporation Reports 2015 First-Quarter Results
April 23, 2015 8:30 AM EDTCHICAGO--(BUSINESS WIRE)-- GATX Corporation (NYSE: GMT) today reported 2015 first-quarter net income of $62.2 million or $1.39 per diluted share, compared to net income of $42.1 million or $0.90 per diluted share in the first quarter of 2014.
Brian A. Kenney, president and chief executive officer of GATX, said, Rail North Americas outstanding performance continued in the first quarter. The renewal rate change of GATXs Lease Price Index (LPI) was a positive 43.2%, and the average renewal term was 59 months. Fleet utilization exceeded 99% at the end of the quarter, and our renewal success rate was nearly 85%. These favorable... More
