GATX Corp. (GMT) Tops Q1 EPS by 43c
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GATX Corporation Reports 2016 First-Quarter Results
April 21, 2016 8:31 AM EDTCHICAGO--(BUSINESS WIRE)-- GATX Corporation (NYSE: GMT) today reported 2016 first quarter net income of $69.3 million or $1.66 per diluted share, compared to net income of $62.2 million or $1.39 per diluted share in the first quarter of 2015. The first quarter 2016 results include a net gain of approximately $1.5 million, or $0.04 per diluted share, associated with the planned exit of the majority of Portfolio Managements marine investments. Details related to the exit of Portfolio Managements marine investments are provided in the attached Supplemental Information.
Despite deteriorating market conditions, GATX produced excellent financial results during the first quarter,... More
