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GATX Corporation Reports 2018 Fourth-Quarter and Full-Year Results

GATX Corporation (GATX) 
Last gatx corporation earnings: 1/23 08:30 am Check Earnings Report
Company Research Source: GlobeNewswire
CHICAGO, Jan. 22, 2019 (GLOBE NEWSWIRE) -- GATX Corporation (NYSE:GATX) today reported 2018 fourth quarter net income of $49.2 million or $1.30 per diluted share, compared to net income of $342.1 million or $8.83 per diluted share in the fourth quarter of 2017.  The fourth-quarter 2018 and 2017 results include impacts from Tax Adjustments and Other Items; 2018 includes a net positive impact of $0.46 per diluted share, and 2017 includes a net positive impact of $8.15 per diluted share. Net income for the full-year 2018 was $211.3 million or $5.52 per diluted share, compared to $502.0 million or $12.75 per diluted share in the prior year.  The 2018 and 2017 full-year results include net positive benefits from Tax Adjustments and Other Items of $0.30 per diluted share and $8.05 per diluted share, respectively.  Details related to Tax Adjustments and Other Items are provided in the attached Supplemental Information. Brian A. Kenney, president and chief executive officer of GATX stated Show less Read more
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