GATX Corporation Reports 2016 Third-Quarter Results
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GATX Corp. (GATX) Tops Q3 EPS by 18c
October 20, 2016 8:34 AM EDTGATX Corp. (NYSE: GATX) reported Q3 EPS of $1.50, ex-items, $0.18 better than the analyst estimate of $1.32. Revenue for the quarter came in at $362.9 million versus the consensus estimate of $369.38 million.
Brian A. Kenney, president and chief executive officer at GATX stated, Market dynamics in the North American rail industry are similar to recent quarters. A growing oversupply of railcars, fewer railcar loadings, and improved railroad velocity continue to present significant challenges. Railcar lessors are aggressively attempting to place new deliveries and their... More
