NYSE$GATX
GATX Corporation · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
GATX's Q2 2024 financial performance reflected robust demand for railcars and aircraft spare engines, with a net income of $44.4 million.
GATX Corporation reported a net income of $44.4 million, or $1.21 per diluted share, for the second quarter of 2024. The results include a net negative impact of $8.0 million from Tax Adjustments and Other Items. Demand for railcars remains robust across all regions, and the aircraft spare engine portfolio continues to benefit from strong demand for global air travel. The company reiterates its 2024 full-year earnings guidance.
- Demand for railcars remains robust across all regions.
- Rail North America's fleet utilization remains above 99%.
- Aircraft spare engine portfolio continues to benefit from strong demand for global air travel.
- Company reiterates 2024 full-year earnings guidance at $7.30–$7.70 per diluted share, excluding the impact of Tax Adjustments and Other Items.
Headline financials
Revenue & EPS history
GATX · Revenue · Quarterly
$387M
Revenue by segment
GATX · $327M total across 2 segments · Q3 2023
- Rail North America$248M+7.2%75.8%
- Rail International$79.2M+17.2%24.2%
Forward guidance
GATX reiterates its 2024 full-year earnings estimate remains unchanged at $7.30–$7.70 per diluted share, excluding the impact of Tax Adjustments and Other Items.
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 Q2 2024
+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
| Quarter | Report date | Reaction (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% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro