GATX reports Q1 EPS $2.16, consensus $1.71

Reports Q1 revenue $338.9M, consensus $328.65M. "Consistent with our expectations coming into the year, demand across our global railcar fleets remains robust," said Robert Lyons, president and chief executive officer of GATX. "At Rail North America, fleet utilization remained high at 99.3% at the end of the first quarter and the renewal success rate during the quarter was 77.9%. The renewal lease rate change of GATX’s Lease Price Index was positive 34.3%. We continue to capitalize on current market conditions by increasing renewal lease rates and lengthening lease terms, thereby locking in high-quality, long-term cash flow."