GATX Corp. (GATX) Tops Q3 EPS by 18c

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GATX Corporation Reports 2016 Third-Quarter Results

October 20, 2016 8:31 AM EDT

CHICAGO, Oct. 20, 2016 (GLOBE NEWSWIRE) -- GATX Corporation (NYSE: GATX) today reported 2016 third quarter net income of $95.7 million or $2.36 per diluted share, compared to net income of $39.5 million or $0.91 per diluted share in the third quarter of 2015. Year-to-date 2016 net income was $226.2 million or $5.49 per diluted share, compared to $147.1 million or $3.33 per diluted share in the prior year period.

The third quarter 2016 results include a $49.1 million pre-tax residual sharing fee settlement (or $30.3 million after-tax) from the Portfolio Management segment, or $0.75 per diluted share and $0.74 per diluted share year-to-date. Additionally, the third quarter 2016... More