GATX - Investor Optimism Soars On GATX? Shares Up After Favorable Outlook For Aircraft Spare Engine Demand Q4 Earnings Beat | Benzinga
GATX Corporation (NYSE:GATX) reported fourth-quarter revenues of $368.70 million, beating the street view of $365.40 million.
The company reported adjusted earnings per share of $1.74, beating the analyst consensus of $1.58.
Revenue by segments: Lease (+10.1% Y/Y), Non-dedicated engine revenue (+773.3%), Marine operating (-70.4% Y/Y), and others (+27.3% Y/Y).
Rail North America reported segment profit of $66.7 million in the fourth quarter of 2023, compared to $83.5 million in the fourth quarter of 2022.
As of Dec. 31, 2023, Rail North America’s wholly ...