GATX Corp. (GATX) Tops Q4 EPS by 55c

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Go back to GATX Corp. (GATX) Tops Q4 EPS by 55c

GATX Corporation Reports 2019 Fourth-Quarter and Full-Year Results

January 23, 2020 8:30 AM EST

CHICAGO, Jan. 23, 2020 (GLOBE NEWSWIRE) -- GATX Corporation (NYSE: GATX) today reported 2019 fourth-quarter net income of $56.6 million or $1.59 per diluted share, compared to net income of $49.2 million or $1.30 per diluted share in the fourth quarter of 2018. The 2019 fourth-quarter results include a net casualty gain of approximately $8.1 million or $0.23 per diluted share, attributed to an insurance recovery for a damaged vessel at American Steamship Company (ASC). 2018 fourth quarter results include a net benefit from Tax Adjustments and Other Items of $17.3 million or $0.46 per diluted share.

Net income for the full-year 2019 was $211.2 million or $5.81 per... More