GATX Corp. (GATX) Tops Q1 EPS by 32c; Maintains Outlook

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GATX Corporation Reports 2017 First-Quarter Results

April 20, 2017 8:30 AM EDT

CHICAGO, April 20, 2017 (GLOBE NEWSWIRE) -- GATX Corporation (NYSE: GATX) today reported 2017 first quarter net income of $57.5 million or $1.44 per diluted share, compared to net income of $69.3 million or $1.66 per diluted share in the first quarter of 2016. The first-quarter 2016 results included 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.

Brian A. Kenney, president and chief executive officer of GATX,... More