GATX Q1 2025 – Net income $78.6M, Rail NA fleet utilization 99.2%

By Bobby Samwell • Wednesday, April 23 15:18 • Permanent Link

GATX Corporation has reported its first-quarter results for 2025, with net income coming in at $78.6 million, or $2.15 per diluted share. This is an increase from the first quarter of 2024, when net income was $74.3 million, or $2.03 per diluted share. Rail North America's fleet utilization remained high at 99.2%, with a lease price index (LPI) at 24.5%. The first-quarter investment volume was approximately $300 million.

Rail North America reported a segment profit of $88.8 million in the first quarter of 2025, slightly down from $90.3 million in the first quarter of 2024. However, the fleet utilization was slightly higher compared to the prior quarter.

Rail International reported a segment profit of $25.7 million in the first quarter of 2025, a decrease from $28.8 million in the first quarter of 2024. Fleet utilization for both GATX Rail Europe and Rail India remained high, with GATX Rail Europe's fleet consisting of over 30,200 railcars and Rail India's fleet consisting of approximately 10,900 railcars.

Engine leasing reported a segment profit of $38.6 million in the first quarter of 2025, up from $25.7 million in the first quarter of 2024. This increase was driven by higher earnings at the Rolls-Royce and Partners Finance affiliates and more engines under ownership at GATX Engine Leasing, the company’s wholly owned engine portfolio.

Today the company's shares have moved -3.4% to a price of $143.38. Check out the company's full 8-K submission here.

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