Let’s dig into the relative performance of Rush Enterprises (NASDAQ:RUSHA) and its peers as we unravel the now-completed Q4 vehicle parts distributors earnings season.
As the Q4 earnings season wraps, let’s dig into this quarter’s best and worst performers in the vehicle parts distributors industry, including FTAI Aviation (NASDAQ:FTAI) and its peers.
Looking back on vehicle parts distributors stocks’ Q4 earnings, we examine this quarter’s best and worst performers, including GATX (NYSE:GATX) and its peers.
Shares of leasing services company GATX (NYSE:GATX) jumped 6.5% in the afternoon session after the company reported strong fourth-quarter results, surpassing Wall Street's expectations for revenue and EPS, driven by robust demand for railcars. Looking ahead, GATX's full-year EPS guidance also exceeded analysts' expectations. Overall, we think this quarter was impressive.
Leasing services company GATX (NYSE:GATX) announced better-than-expected revenue in Q4 CY2024, with sales up 12.2% year on year to $413.5 million. Its GAAP profit of $2.10 per share was 24.6% above analysts’ consensus estimates.
As the Q3 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the vehicle parts distributors industry, including Rush Enterprises (NASDAQ:RUSHA) and its peers.
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how vehicle parts distributors stocks fared in Q3, starting with GATX (NYSE:GATX).
As the Q3 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the industrial distributors industry, including Beacon Roofing Supply (NASDAQ:BECN) and its peers.
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how Air Lease (NYSE:AL) and the rest of the vehicle parts distributors stocks fared in Q3.
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how FTAI Aviation (NASDAQ:FTAI) and the rest of the vehicle parts distributors stocks fared in Q3.
Shares of leasing services company GATX (NYSE:GATX) jumped 8% in the afternoon session after the company reported a "beat and raise" quarter, with revenue and EPS exceeding analysts' expectations. Looking ahead, the company provided full-year revenue guidance that outperformed Wall Street's estimates and raised its full-year EPS guidance. Notably, demand for railcars remained strong, with North America's fleet utilization at 99.3% and the renewal success rate above 80%. Zooming out, we think this quarter featured some important positives.
In a shareholder-friendly move, Delta Air Lines announced a hike in its dividend payout. DAL’s board of directors approved a dividend hike of 50%, thereby raising its quarterly cash dividend to 15 cents from 10 cents per share.
