Loading...
Loading...
- GATX Corp GATX reported first-quarter revenue growth of 3.5% year-over-year to $316.6 million, missing the consensus of $323 million.
- Adjusted EPS of $2.34 topped the consensus of $1.39.
- Revenue by segments: Rail North America $223.7 million (-0.4% Y/Y), Rail International $69.9 million (+0.72% Y/Y), Portfolio Management $14.5 million (+104.2% Y/Y) and Others $8.5 million (+80.8% Y/Y).
- Rail North America segment profit was $120.4 million, compared to $65.7 million in the 1Q21, with higher gains on asset dispositions in the quarter. As of March 31, 2022, Rail North America's wholly-owned fleet comprised approximately 110,700 cars, including 10,300 boxcars.
- Rail International's segment profit was $24.9 million versus $21.8 million a year ago.
- Portfolio Management reported a segment loss of $(3.9) million in the quarter, compared to a segment profit of $6.1 million a year ago.
- GATX had cash and cash equivalents of $649.5 million as of March 31, 2022.
- FY22 Outlook reaffirmed: GATX expects EPS of $5.50 - $5.80 versus the consensus of $5.73.
- Price Action: GATX shares traded lower by 1.27% at $118.08 on the last check Wednesday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Date | ticker | name | Actual EPS | EPS Surprise | Actual Rev | Rev Surprise |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in