GATX

GATX Corp. engages in leasing and owning railcar and fleets in North America, Europe and Asia. It operates through the following segments: Rail North America, Rail International and Portfolio Management. The Rail North America segment provides railcars pursuant to full-service leases under which it maintains the railcars and provides other ancillary services. The Rail International segment consists of operations in Europe. The Portfolio Management segment is composed of ownership in a group of joint ventures with Rolls-Royce plc that lease aircraft spare engines, as well as five liquefied gas-carrying vessels, the Norgas Vessels. The company was founded in 1898 and is headquartered in Chicago, IL.

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Earnings data Q4 2024

GATX reports mixed Q4 earnings, eyes growth in 2023

GATX's Q4 2022 earnings showed a decrease from the previous year, but full-year earnings grew. The company remains cautious about the macroeconomic environment but is confident in its position. Challenges in Rail International were offset by strengths in Rail North America and Portfolio Management. Opportunities for growth include expanding the aircraft engines portfolio and increasing segment profits.

GATX reports robust Q1 earnings, optimistic about full-year outlook

GATX's Q1 performance showcased strong earnings and operational metrics, with a positive outlook for full-year earnings. Analyst inquiries focused on lease rates, maintenance expenses, and growth strategies. The company remains optimistic about market opportunities and potential for continued performance.

GATX reports strong Q2 earnings, poised to exceed full-year guidance

GATX's Q2 2023 earnings reflect robust financial performance and growth compared to the previous year.
The company's strengths lie in solid portfolio management results and strong lease rates amidst tight supply.
Challenges include elevated maintenance expenses impacting profitability, but opportunities for growth are evident.
Overall, GATX's performance indicates a positive outlook for exceeding full-year earnings guidance.

GATX surpasses earnings expectations, navigates sector challenges with strategic agility

GATX delivered strong financial performance in Q3 2023, with notable increases in net income and earnings per share, driven by successful portfolio management and operational efficiency.
While facing challenges in the intermodal sector and potential macroeconomic headwinds, the company showcased resilience and strategic foresight to exceed full-year earnings guidance.
Analysts' inquiries highlighted a focus on key operational metrics and financial indicators, emphasizing the importance of prudent cost management and risk mitigation strategies.

GATX posts record earnings in 2023, eyes growth opportunities

GATX delivered strong financial performance in Q4 2023 and full year 2023, driven by record investment volume and solid lease revenue growth.
The company's strategic focus on portfolio management and disciplined investments positions it well for continued success in 2024.
Challenges include managing maintenance costs, balancing portfolio sales with new investments, and navigating market dynamics for growth.
Opportunities lie in leveraging high demand for existing assets, pursuing profit growth in key segments, and optimizing debt leverage for financial efficiency.

GATX reports steady Q1 performance with growth opportunities ahead

GATX's Q1 2024 performance was solid, with a focus on fleet utilization, lease rate increases, and asset remarketing.
While facing challenges in net income and fleet management, the company has opportunities for growth in secondary markets and international air travel.
Overall, GATX's strategic positioning in rail and engine leasing sectors sets a positive trajectory for future performance and revenue generation.

GATX reports lower Q2 earnings but sees growth opportunities ahead

GATX's Q2 2024 performance reflected a decrease in net income but showcased strong operational metrics in its rail segments.
While facing challenges in year-to-date profitability, the company's disciplined approach and strategic investments position it well for future growth.
Opportunities lie in expanding market presence, leveraging supply agreements, and maintaining a focus on efficient asset management.
Overall, GATX's performance, strengths, and opportunities indicate a resilient business model with potential for sustained growth.

GATX reports robust Q3 earnings, eyes international growth opportunities

GATX's strong financial performance in Q3 2024 reflects operational excellence and strategic decision-making.
The company's focus on fleet utilization, remarketing income, and international profitability positions it well for future growth.
Challenges related to tax impacts and market sustainability require proactive management and strategic planning.
Opportunities in robust market demand and international expansion offer avenues for continued success and profitability.

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GATX Corp. engages in leasing and owning railcars and fleets in North America, Europe and Asia. It operates through the following segments: Rail North America, Rail International, and Portfolio Management. The Rail North America segment provides railcars pursuant to full-service leases under which it maintains the railcars and provides other ancillary services. The Rail International segment consists of operations in Europe. The Portfolio Management segment is composed of ownership in a group of joint ventures with Rolls-Royce plc that lease aircraft spare engines, as well as five liquefied gas-carrying vessels, the Norgas Vessels. The company was founded in 1898 and is headquartered in Chicago, IL.

CHICAGO--(BUSINESS WIRE)--GATX Corporation (NYSE: GATX) was recently selected by the Chemistry Industry Association of Canada (“CIAC”) to receive the 2023 Responsible Care® Excellence in Partnership Award. This award was presented to GATX at the annual CIAC board of directors' meeting on Oct. 22, 2024. The CIAC's Responsible Care Program has been in place for over 35 years, and is designed to bring chemical producers and their key suppliers together to demonstrate a common commitment to continu.

GATX Corporation Receives Responsible Care® Excellence in Partnership Award

CHICAGO--(BUSINESS WIRE)--The board of directors of GATX Corporation (NYSE: GATX) today declared a quarterly dividend of $0.58 per common share, payable Dec. 31, 2024, to shareholders of record on Dec. 13, 2024. This quarterly dividend is unchanged from the prior quarter. COMPANY DESCRIPTION At GATX Corporation (NYSE: GATX), we empower our customers to propel the world forward. GATX leases transportation assets including railcars, aircraft spare engines and tank containers to customers worldwid.

GATX Corporation Announces Quarterly Dividend

GATX Corporation (NYSE:GATX ) Q3 2024 Earnings Conference Call October 22, 2024 11:00 AM ET Company Participants Shari Hellerman - Head, IR Bob Lyons - President & CEO Tom Ellman - EVP & CFO Conference Call Participants Bascome Majors - Susquehanna Justin Bergner - Gabelli Funds Brendan McCarthy - Sidoti Operator Thank you for standing by. At this time, I would like to welcome everyone to today's GATX Corporation Third Quarter Earnings Call.

GATX Corporation (GATX) Q3 2024 Earnings Call Transcript

CHICAGO--(BUSINESS WIRE)--GATX Corporation (NYSE: GATX) today reported 2024 third-quarter net income of $89.0 million, or $2.43 per diluted share, compared to net income of $52.5 million, or $1.44 per diluted share, in the third quarter of 2023. The 2024 third-quarter results include a net negative impact of $2.5 million, or $0.07 per diluted share, from Tax Adjustments and Other Items. Net income for the first nine months of 2024 was $207.7 million, or $5.68 per diluted share, compared to $193.

GATX Corporation Reports 2024 Third-Quarter Results

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CHICAGO--(BUSINESS WIRE)--GATX Corporation (NYSE: GATX) will report results for the 2024 third quarter prior to market open on Oct. 22, 2024. GATX will hold a conference call to review the results later that morning. Investors may listen to the call via telephone or over the internet as follows: Live Teleconference Date: Oct. 22, 2024 Time: 11 a.m. (Eastern Time) Domestic Dial-In: 1-800-715-9871 International Dial-In: 1-646-307-1963 Live Webcast: www.gatx.com To participate by phone, please dia.

GATX Corporation Sets Date for 2024 Third-Quarter Earnings Release and Conference Call

CHICAGO--(BUSINESS WIRE)--GATX Corporation (NYSE: GATX), the leading global lessor of transportation assets, today announced that Christopher LaHurd has been appointed senior vice president, international, effective immediately. In this role, Mr. LaHurd will focus on developing and implementing strategic and operational initiatives that position GATX to fully capitalize on the attractive growth opportunities in the European rail market. “I am pleased to announce Chris' promotion,” said Robert C.

GATX Corporation Announces Appointment of Senior Vice President, International

GATX Corporation (NYSE:GATX ) Q2 2024 Earnings Conference Call July 23, 2024 11:00 AM ET Company Participants Shari Hellerman - Head, Investor Relations Bob Lyons - President & Chief Executive Officer Tom Ellman - Executive Vice President & Chief Financial Officer Paul Titterton - Executive Vice President & President, Rail North America Conference Call Participants Bascome Majors - Susquehanna Justin Bergner - Gabelli Funds Brendan McCarthy - Sidoti Operator Thank you for standing by. My name is Angela, and I will be your conference operator today.

GATX Corporation (GATX) Q2 2024 Earnings Call Transcript

CHICAGO--(BUSINESS WIRE)--GATX Corporation (NYSE: GATX) today reported 2024 second-quarter net income of $44.4 million, or $1.21 per diluted share, compared to net income of $63.3 million, or $1.74 per diluted share, in the second quarter of 2023. The 2024 second-quarter results include a net negative impact of $8.0 million, or $0.22 per diluted share, from Tax Adjustments and Other Items. The 2023 second-quarter results include a net positive impact of $0.2 million, or $0.01 per diluted share,.

GATX Corporation Reports 2024 Second-quarter Results

CHICAGO--(BUSINESS WIRE)--GATX Corporation (NYSE: GATX) will report results for the 2024 second quarter prior to market open on July 23, 2024. GATX will hold a conference call to review the results later that morning. Investors may listen to the call via telephone or over the internet as follows: Live Teleconference Date: July 23, 2024 Time: 11 a.m. (Eastern Time) Domestic Dial-In: 1 800 715-9871 International Dial-In: 1 646 307-1963 Live Webcast: www.gatx.com To participate by phone, please di.

GATX Corporation Sets Date for 2024 Second-Quarter Earnings Release and Conference Call

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GATX management's shareholder-friendly actions are praiseworthy. Robust liquidity bodes well for the company.

Here's Why GATX Stock Is a Compelling Portfolio Addition

CHICAGO--(BUSINESS WIRE)--Thomas A. Ellman, executive vice president and chief financial officer, GATX Corporation (NYSE: GATX), will present at the 2024 Wells Fargo Industrials Conference on Tuesday, June 11, 2024. GATX's presentation will begin at 3:00 p.m. CT. To listen to a live webcast of the event, please access the appropriate link at www.gatx.com at least 15 minutes prior to the start time. The webcast will be archived for 90 days. COMPANY DESCRIPTION At GATX Corporation (NYSE: GATX), w.

GATX Corporation to Present at 2024 Wells Fargo Industrials Conference

Gatx (GATX) reported earnings 30 days ago. What's next for the stock?

Gatx (GATX) Up 9.8% Since Last Earnings Report: Can It Continue?

CHICAGO--(BUSINESS WIRE)--GATX Corporation (NYSE: GATX) today announced that Wesley J. Lujan will be appointed vice president, government and industry affairs, succeeding Terrence G. Heidkamp, who will retire at the end of 2024. In his new role, Mr. Lujan will be responsible for GATX's relationships with North American rail industry associations and regulatory and legislative bodies. Mr. Lujan will join GATX from Union Pacific after his tenure ends on July 5, 2024. At Union Pacific, Mr. Lujan h.

GATX Corporation Announces Transition Plan for Vice President - Government and Industry Affairs at Rail North America

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Are Transportation Stocks Lagging GATX (GATX) This Year?

GATX anticipates full-year 2024 earnings in the range of $7.30-$7.70.

Here's Why Investors Should Add GATX to Their Portfolio

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GATX Corporation's shares have tripled in the past eight years, and the company has consistently grown its dividend for the past 13 years. The company is expected to generate more capital gains due to strong utilization rates and pricing growth. The one-year price target for GATX is $137.50, and the stock is rated as a Buy.

GATX Corporation: Strong Utilization Rates And Pricing Fuel New Gains

GATX's first-quarter 2024 earnings decrease year over year while revenues improve.

GATX Surpasses Q1 Earnings Estimates, Reaffirms 2024 EPS View

GATX Corporation (NYSE:GATX ) Q1 2024 Earnings Conference Call April 23, 2024 11:00 AM ET Company Participants Shari Hellerman - Head, IR Robert Lyons - President and CEO Tom Ellman - EVP and CFO Conference Call Participants Matt Elkott - TD Cowen Justin Long - Stephens Bascome Majors - Susquehanna Justin Bergner - Gabelli Funds Brendan McCarthy - Sidoti Operator Good morning. My name is Dennis, and I will be your conference operator today.

GATX Corporation (GATX) Q1 2024 Earnings Call Transcript

CHICAGO--(BUSINESS WIRE)--GATX Corporation (NYSE: GATX) today reported 2024 first-quarter net income of $74.3 million, or $2.03 per diluted share, compared to net income of $77.4 million, or $2.16 per diluted share, in the first quarter of 2023. The 2024 first-quarter results included a net positive impact of $0.6 million, or $0.02 per diluted share, from Tax Adjustments and Other Items. The 2023 first-quarter results included a net negative impact of $1.3 million, or $0.04 per diluted share, f.

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