GATX Corporation Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2015; Provides Earnings Guidance for 2016; Announces Asset Impairment for the Fourth Quarter Ended December 31, 2015
January 21, 2016 at 08:30 am EST
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GATX Corporation announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2015. For the quarter, the company reported total revenues of $378.7 million against $401.4 million a year ago. Income before income taxes and share of affiliates' earnings were $73.9 million against $65.0 million a year ago. Net income was $58.2 million against $58.5 million a year ago. Diluted earnings per share were $1.37 against $1.30 a year ago.
For the year, the company reported total revenues of $1,449.9 million against $1,451.0 million a year ago. Income before income taxes and share of affiliates' earnings were $270.3 million against $231.2 million a year ago. Net income was $205.3 million against $205.0 million a year ago. Diluted earnings per share were $4.6 against $4.48 a year ago.
The company currently expects EPS in 2016 to be in the range of $5.25 to $5.45 per diluted share.
For the quarter, the company announced asset impairment of $2.7 million against $0.9 million 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 Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2015; Provides Earnings Guidance for 2016; Announces Asset Impairment for the Fourth Quarter Ended December 31, 2015
GATX CORPORATION 
