This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

GATX Corporation Reports 2012 Fourth Quarter And Full-Year Results

Stocks in this article: GMT

GATX Corporation (NYSE:GMT) today reported 2012 fourth quarter net income of $29.7 million or $.62 per diluted share, compared to net income of $31.6 million or $.67 per diluted share in the fourth quarter of 2011. The 2012 and 2011 fourth quarter results include benefits from Tax Adjustments and Other Items of $2.8 million or $.06 per diluted share and $1.9 million or $.05 per diluted share, respectively.

Net income for the full-year 2012 was $137.3 million or $2.88 per diluted share, compared to net income of $110.8 million or $2.35 per diluted share in the prior year. The 2012 and 2011 results include benefits from Tax Adjustments and Other Items of $3.5 million or $.07 per diluted share and $15.8 million or $.34 per diluted share, respectively.

Details related to the Tax Adjustments and Other Items are provided in the attached Supplemental Information. Quarterly segment data, presented in the new segment and income statement format, is posted in the Investor Relations section of

Brian A. Kenney, president and chief executive officer of GATX, said, “The North American rail market remains strong due to unprecedented demand for tank cars. In 2012, we capitalized on the favorable market conditions by increasing lease rates while successfully stretching lease terms. In the fourth quarter, the renewal rate change of GATX’s Lease Price Index (“LPI”) was a positive 32.3% and the average renewal term for cars in the LPI was 65 months. On a full-year basis, the renewal rate change of the LPI was a positive 25.6% and the average renewal term was 60 months. Additionally, fleet utilization approximated 98% and our renewal success rate averaged over 80% for the year. We also used the strong market to optimize our fleet by selling railcars, generating improved asset remarketing income in Rail North America.

1 of 7

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,890.69 +85.89 0.48%
S&P 500 2,070.11 -0.54 -0.03%
NASDAQ 4,765.2640 -0.1160 -0.00%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs