GATX ( (GATX) ) has provided an announcement.
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GATX Corporation reported strong financial results for the third quarter of 2024, with net income significantly rising to $89 million, or $2.43 per share, compared to the previous year. The company saw robust demand in its Rail North America sector, maintaining a high fleet utilization rate and achieving a surge in lease revenues. Additionally, GATX’s aircraft spare engine portfolio performed exceptionally well, further boosting profits. The company updated its full-year earnings guidance to $7.50–$7.70 per share, reflecting confidence in continued market strength.
For an in-depth examination of GATX stock, go to TipRanks’ Stock Analysis page.
