Reports Q4 revenue $322.7M, consensus $327.63M. "GATX produced solid financial results in 2022, with each business unit contributing to a positive year," said Robert Lyons, president and chief executive officer of GATX. "Capitalizing on strong demand for existing assets and an improved railcar leasing environment, Rail North America exceeded segment profit expectations. Our commercial team achieved higher renewal lease rates while maintaining over 99% fleet utilization. We continued to improve the efficiency of our maintenance network, completing the vast majority of repair work at our owned facilities. We further optimized our fleet by selectively selling railcars into a robust secondary market, generating $104.6 million in remarketing income for the full year.
Published first on TheFly
