GATX Corporation Reports 2020 First-Quarter Results
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GATX Corp. (GATX) Tops Q1 EPS by 9c, Revenues Miss
May 4, 2020 8:31 AM EDTGATX Corp. (NYSE: GATX) reported Q1 EPS of $1.31, $0.09 better than the analyst estimate of $1.22. Revenue for the quarter came in at $308.9 million versus the consensus estimate of $310.3 million.
Net income for the first quarter 2020 was $46.3 million or $1.31 per diluted shareGATX suspends 2020 guidance due to uncertainties related to the COVID-19 pandemicRail North Americas fleet utilization remained strong at 99.0%GATX posted solid first-quarter results despite continuing weakness in the North American railcar leasing market and a deteriorating global economy, said Brian A. Kenney, president and chief executive officer of... More
