Gatx Corporation Reports Earnings Results for the Second Quarter Ended June 30, 2021
July 20, 2021 at 08:30 am EDT
Share
GATX Corporation announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced total revenue was USD 317.1 million compared to USD 300.5 million a year ago. Net income was USD 5.5 million compared to USD 39.3 million a year ago. Basic earnings per share was USD 0.16 compared to USD 1.12 a year ago. Diluted earnings per share was USD 0.15 compared to USD 1.11 a year ago. Basic earnings per share from continuing operations was USD 0.16 compared to USD 1.06 a year ago. Diluted earnings per share from continuing operations was USD 0.15 compared to USD 1.05 a year ago. For the half year, total revenue was USD 622.9 million compared to USD 599.9 million a year ago. Net income was USD 42 million compared to USD 85.6 million a year ago. Basic earnings per share was USD 1.19 compared to USD 2.45 a year ago. Diluted earnings per share was USD 1.17 compared to USD 2.42 a year ago. Basic earnings per share from continuing operations was USD 1.19 compared to USD 2.41 a year ago. Diluted earnings per share from continuing operations was USD 1.17 compared to USD 2.38 a year ago.
GATX Corporation is a global railcar lessor, owning fleets in North America, Europe, and India. The Company's segments include Rail North America, Rail International, Portfolio Management and Other. Rail North America segment primarily provides railcars pursuant to full-service leases under which it maintains the railcars, pays ad valorem taxes and provides other ancillary services. Rail International segment is composed of its operations in Europe (GATX Rail Europe or GRE), India (Rail India). GRE leases railcars to customers throughout Europe pursuant to full-service leases under which it maintains the railcars and provides value-added services according to customer requirements. Portfolio Management segment is composed primarily of the Rolls-Royce & Partners Finance joint ventures that lease aircraft spare engines and GATX Engine Leasing (GEL), its wholly owned aircraft spare engine leasing business. Other segment includes its Trifleet business that owns and manages tank containers.
GATX CORPORATION 
