- GATX Corporation (GATX, Financial) reports a 2025 first-quarter net income of $78.6 million, or $2.15 per diluted share, up from $74.3 million, or $2.03 per diluted share, in the same period of 2024.
- Rail North America's fleet utilization remained high at 99.2% with a Lease Price Index (LPI) of 24.5%.
- The company reiterates its 2025 full-year earnings guidance of $8.30–$8.70 per diluted share.
GATX Corporation (GATX) announced its financial results for the first quarter of 2025, reporting a net income of $78.6 million, or $2.15 per diluted share. This represents a slight increase from the $74.3 million, or $2.03 per diluted share, reported in the same quarter last year. The previous year's results included a net positive impact of $0.6 million, or $0.02 per diluted share, from tax adjustments and other items.
Robert C. Lyons, President and CEO of GATX, highlighted the continued strong demand for their assets globally, with Rail North America maintaining a fleet utilization rate of 99.2% at the end of the quarter. The Lease Price Index (LPI) saw a renewal lease rate change of 24.5%, with an average renewal term of 61 months. Moreover, GATX capitalized on the secondary market by selectively selling railcars, generating over $30 million in remarketing income.
The first-quarter investment volume was approximately $300 million, as GATX continued to identify attractive opportunities in various business segments. The company remains optimistic about sustained interest from potential buyers despite the macroeconomic volatility.
Looking ahead, GATX reaffirmed its full-year earnings outlook for 2025, expecting earnings per diluted share to range between $8.30 and $8.70, excluding the impact of tax adjustments and other items. The company attributes its stable outlook to its long-lived assets on long-term leases, quality customer relationships, stable cash flows, and robust commercial and operational platforms globally.
