NYSE$GATX

GATX Corporation · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

GATX posted solid first-quarter results despite continuing weakness in the North American railcar leasing market and a deteriorating global economy. The company suspends 2020 guidance due to uncertainties related to the COVID-19 pandemic.

GATX reported a net income of $46.3 million, or $1.31 per diluted share, for the first quarter of 2020, compared to a net income of $41.5 million, or $1.12 per diluted share, for the same period in 2019. The company suspends 2020 guidance due to uncertainties related to the COVID-19 pandemic.

  • Net income for the first quarter 2020 was $46.3 million or $1.31 per diluted share
  • GATX suspends 2020 guidance due to uncertainties related to the COVID-19 pandemic
  • Rail North America’s fleet utilization remained strong at 99.0%
  • The sale of American Steamship Company is expected to close in the second quarter.

Headline financials

Total Revenue

$309M

Previous: $317M-2.6%
EPS (adj)

$1.31

Previous: $1.12+17.0%
Rail North America Boxcar Fleet

15.0K

No prior period
Rail North America Boxcar Utilization

94.6%

No prior period
Rail North America Average Active Boxcars

101.7K

No prior period
GRE Railcar Fleet

25.4K

No prior period
GRE Railcar Utilization Rate

98.5%

No prior period
GRE Average Active Railcars

24.6K

No prior period
Capital Expenditures

$181M

Previous: -$147M+222.9%
Free Cash Flow

-$128M

Previous: -$106M-21.0%
Net Income

$46.3M

Previous: $41.5M+11.6%
Operating Income

$67.3M

Previous: -$5.2M+1394.2%
Gross Profit

$118M

Previous: $122M-3.2%
Cash & Equivalents

$571M

Previous: $248M+129.8%
Total Assets

$8.72B

Previous: $8.24B+5.8%

Revenue & EPS history

GATX · Revenue · Quarterly

$309M

Q1 2020-2.6%vs Q1 2019
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Revenue by segment

GATX · $296M total across 2 segments · Q1 2020

  • Rail North America
    $236M
  • Rail International
    $60.1M

Forward guidance

GATX suspends 2020 guidance due to uncertainties related to the COVID-19 pandemic

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2020

Historical avgQ1 2020

+0.1%

Avg return

Earnings day

+0.5%

Avg return

5 days after

+1.9%

Avg return

30 days after

46%

31 / 68 earnings

Positive

+14.2%

Q2 2018

Best reaction

-12.5%

Q3 2018

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-1.7%-7.9%-14.4%
Q4 2025-0.6%+2.8%-13.4%
Q3 2025-5.7%-6.8%-11.0%
Q1 2025-4.4%-2.8%-2.8%
Q4 2024+4.5%+7.3%+4.8%
Q3 2024+5.7%+5.2%+21.3%
Q2 2024-7.3%-3.7%-4.4%
Q1 2024-3.2%-1.9%+3.9%
Q4 2023+5.5%+6.8%+6.8%
Q3 2023-3.3%-3.6%+3.6%
Q2 2023-4.0%-5.7%-10.3%
Q1 2023+0.1%+0.9%+4.9%
Q4 2022+4.4%+5.9%+0.7%
Q3 2022+5.1%+7.2%+17.2%
Q2 2022-5.1%-3.7%+2.2%
Q1 2022-6.0%-7.9%-12.6%
Q4 2021+8.2%+9.5%+9.2%
Q3 2021-4.8%-2.5%+3.6%
Q2 2021+6.0%+4.6%-0.2%
Q1 2021-1.0%+0.6%+1.3%
Q4 2020+1.5%+1.1%+4.4%
Q3 2020-0.5%+1.9%+17.2%
Q2 2020+0.6%+0.6%+4.1%
Q1 2020+5.7%+6.5%+13.0%
Q4 2019+8.4%+5.2%+6.3%
Q3 2019+4.2%+5.8%+8.2%
Q2 2019-1.0%+1.0%-2.3%
Q1 2019-3.4%-0.7%-6.2%
Q4 2018-2.6%+1.1%+4.9%
Q3 2018-12.5%-13.5%-4.9%
Q2 2018+14.2%+9.8%+7.4%
Q1 2018-1.5%-1.8%+7.4%
Q4 2017+4.7%+6.6%+8.5%
Q3 2017-4.9%-6.7%-10.4%
Q2 2017-2.1%-0.4%-4.3%
Q1 2017+1.7%+1.6%-1.5%
Q4 2016+3.9%+4.6%+4.1%
Q3 2016+3.1%+0.1%+13.2%
Q2 2016-4.6%-6.4%-5.7%
Q1 2016-0.9%
Q4 2015-0.4%
Q3 2015+3.3%
Q2 2015-0.4%
Q1 2015-1.0%
Q4 2014+0.9%
Q3 2014+2.2%
Q2 2014-5.3%
Q1 2014+1.1%
Q4 2013-0.7%
Q3 2013-2.1%
Q4 2012-2.1%
Q2 2013-0.5%
Q1 2013-1.2%
Q3 2012-1.6%
Q2 2012+1.2%
Q1 2012+2.6%
Q4 2008+1.5%
Q4 2011+1.5%
Q3 2011-4.3%
Q2 2011+7.2%
Q1 2010+1.7%
Q1 2011+2.4%
Q4 2010-6.3%
Q3 2009+0.5%
Q3 2010+0.5%
Q2 2010-0.5%
Q2 2009-0.5%
Q4 2009-0.5%

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