NYSE$GATX
GATX Corporation · Q4 2022 earnings
Q4 2022 earnings · · Investor relations
Briefing
GATX reported solid financial results in Q4 2022, with Rail North America exceeding segment profit expectations and Rail International performing well despite supply chain disruptions.
GATX Corporation reported Q4 2022 net income of $48.4 million, or $1.36 per diluted share. Full-year investment volume exceeded $1.0 billion for the third consecutive year. The company initiates 2023 earnings guidance of $6.50–$6.90 per diluted share.
- Rail North America and Rail International fleet utilization remained above 99%.
- Lease rates in North America increased sequentially for the tenth consecutive quarter.
- Full-year investment volume exceeded $1.0 billion for the third consecutive year.
- Company initiates 2023 earnings guidance of $6.50–$6.90 per diluted share.
Headline financials
Revenue & EPS history
GATX · Revenue · Quarterly
$323M
Revenue by segment
GATX · $301M total across 2 segments · Q4 2022
- Rail North America$231M+3.3%76.9%
- Rail International$69.4M-3.2%23.1%
Forward guidance
GATX expects the railcar leasing environment in North America to remain favorable in 2023. They project slightly higher segment profit at Rail North America. Rail International's 2023 segment profit is expected to increase. Earnings from RRPF driven by ongoing improvements in the operating environment for global air travel. Combined with increased earnings from GATX Engine Leasing, they expect Portfolio Management to generate higher segment profit in 2023.
Tailwinds
- Railcar leasing environment in North America to remain favorable.
- Slightly higher segment profit at Rail North America.
- Rail International's 2023 segment profit is expected to increase.
- Higher earnings from RRPF driven by ongoing improvements in the operating environment for global air travel.
- Increased earnings from GATX Engine Leasing
Headwinds
- Uncertain economic conditions in North America and Europe.
- Continued global supply chain challenges.
- A heightened interest rate environment.
- Exposure to damages, fines, criminal and civil penalties, and reputational harm arising from a negative outcome in litigation, including claims arising from an accident involving transportation assets
- Inability to maintain our transportation assets on lease at satisfactory rates due to oversupply of assets in the market or other changes in supply and demand
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 Q4 2022
+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% | — | — |
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