GATX Corporation Reports Q4 EPS $.42 vs. $.40

GATX Corporation GMT today reported 2010 fourth quarter net income of $19.5 million or $.42 per diluted share, compared to net income of $21.5 million or $.45 per diluted share in the fourth quarter of 2009. The 2010 fourth quarter results include a tax benefit of $5.8 million or $.12 per diluted share, partially offset by negative fair-value adjustments on interest rate swaps at GATX's European rail affiliate, AAE Cargo (AAE) of $1.3 million or $.03 per diluted share. The 2009 fourth quarter results include a $7.4 million or $.15 per diluted share tax benefit and negative fair-value adjustments of $2.2 million or $.05 per diluted share related to the AAE interest rate swaps.