In This Article:
GATX (NYSE:GATX) Full Year 2024 Results
Key Financial Results
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Revenue: US$1.59b (up 12% from FY 2023).
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Net income: US$279.3m (up 9.8% from FY 2023).
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Profit margin: 18% (in line with FY 2023).
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EPS: US$7.80 (up from US$7.12 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
GATX EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.0%.
The primary driver behind last 12 months revenue was the Rail North America segment contributing a total revenue of US$1.10b (69% of total revenue). The largest operating expense was Depreciation & Amortisation (D&A) costs, amounting to US$402.4m (45% of total expenses). Explore how GATX's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 6.6% p.a. on average during the next 2 years, compared to a 5.4% growth forecast for the Trade Distributors industry in the US.
Performance of the American Trade Distributors industry.
The company's shares are down 2.1% from a week ago.
Risk Analysis
Before we wrap up, we've discovered 3 warning signs for GATX (1 makes us a bit uncomfortable!) that you should be aware of.
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