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.

Earnings data Q1 2021

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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.

GATX Corporation's (BDORY) CEO Fausto De Ribeiro on Q2 2021 Results - Earnings Call Transcript

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The Rail North America segment drives GATX's earnings outperformance in Q2.

GATX Shares Up on Q2 Earnings Beat and Rosy 2021 EPS View

GATX Corporation (GATX) CEO Brian Kenney on Q2 2021 Results - Earnings Call Transcript

GATX Corporation (NYSE: GATX) reported second-quarter revenue growth of 5.5% year-over-year to $317.1 million, beating the consensus of $312.7 million. Adjusted EPS of $1.35 beat consensus of $1.02.

GATX Beats On Q2 Earnings, Provides Robust FY21 Outlook

Shares of GATX (NYSE:GATX) were unchanged after the company reported Q2 results. Quarterly Results Earnings per share rose 28.57% over the past year to $1.35, which beat the estimate of $1.02.

Recap: GATX Q2 Earnings

CHICAGO, July 20, 2021 (GLOBE NEWSWIRE) -- GATX Corporation (NYSE:GATX) today reported 2021 second-quarter results. Results for the second quarter and six months ended June 30, 2021 are summarized below:

GATX Corporation Reports 2021 Second-Quarter Results

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CHICAGO, July 06, 2021 (GLOBE NEWSWIRE) -- GATX Corporation (NYSE:GATX) will report results for the 2021 second quarter prior to market open on July 20, 2021. 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:

GATX Corporation Sets Date for 2021 Second Quarter Earnings Release and Conference Call

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

Gatx (GATX) Up 1.6% Since Last Earnings Report: Can It Continue?

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GATX Corp's (GATX) sound liquidity position is impressive. However, decline in profits in the Rail North America segment is a headwind.

Strong Liquidity Aids GATX Corp (GATX) Amid Low Lease Revenues

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The market for freight railcars is showing signs of improvement but data for railcar orders, deliveries and backlogs still reflects current market softness. Railcar orders rose by 80% to 6,227 railcars in the first quarter of 2021 from the fourth quarter of 2020, although orders are still below pre-pandemic levels, according to the Railway Supply Institute (RSI).

Railcar lessors and rail manufacturers eye recovering market in 2021

CHICAGO, May 04, 2021 (GLOBE NEWSWIRE) -- GATX Corporation (NYSE:GATX) today announced publication of its first Sustainability Accounting Standards Board (SASB) report, which discloses metrics related to relevant environmental, social and governance (ESG) factors for calendar year 2020. Furthermore, the Company announced disclosure of its Scope 1 and 2 greenhouse gas (GHG) emissions data for calendar year 2019. GATX intends to publish 2020 GHG emissions data in the second half of 2021.

GATX Corporation Publishes Inaugural Sustainability Accounting Standards Board (SASB) Report

CHICAGO, April 30, 2021 (GLOBE NEWSWIRE) -- GATX Corporation (NYSE:GATX) today announced that Thomas A. Ellman, executive vice president and chief financial officer, will present at the 2021 Virtual Wells Fargo Industrials Conference on Wednesday, May 5, 2021. The presentation will include an overview of GATX's operations.

GATX Corporation to Present at the 2021 Virtual Wells Fargo Industrials Conference

CHICAGO, April 28, 2021 (GLOBE NEWSWIRE) -- GATX Corporation (NYSE:GATX) today announced the appointment of Kim Nero as Executive Vice President and Chief Human Relations Officer, effective May 3. In this role, Ms. Nero will oversee GATX's global human resources organization. She succeeds James (Jim) M. Conniff, who is retiring after a successful 40-year career with GATX.

GATX Corporation Appoints Kim Nero as Executive Vice President and Chief Human Relations Officer

Lower profitability in the Rail North America segment and dismal performance in the Portfolio Management unit hurts GATX Corp (GATX) first quarter 2021 financials.

GATX Corp (GATX) Beats Q1 Earnings Estimates, Down 22.1% Y/Y

GATX's (GATX) CEO Brian Kenney on Q1 2021 Results - Earnings Call Transcript

Shares of GATX (NYSE:GATX) fell 0.1% in pre-market trading after the company reported Q1 results. Quarterly Results Earnings per share decreased 22.14% over the past year to $1.02, which beat the estimate of $0.85.

Recap: GATX Q1 Earnings

CHICAGO, April 20, 2021 (GLOBE NEWSWIRE) -- GATX Corporation (NYSE:GATX) today reported 2021 first-quarter results. Results for the first quarter ended March 31, 2021 are summarized below:

GATX Corporation Reports 2021 First-Quarter Results

CHICAGO, April 15, 2021 (GLOBE NEWSWIRE) -- GATX Corporation (NYSE:GATX) today announced that it will redeem its 5.625% Senior Notes due 2066 (NYSE: GMTA) (the “Notes”). The Company will redeem 100%, or $150,000,000 aggregate principal amount, of the issued and outstanding Notes on June 1, 2021 (the “Redemption Date”), following which the Notes will be delisted from the New York Stock Exchange.

GATX Corporation Redeems 5.625% Notes Due 2066

CHICAGO, April 05, 2021 (GLOBE NEWSWIRE) -- GATX Corporation (NYSE:GATX) will report results for the 2021 first quarter prior to market open on April 20, 2021. 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:

News for GATX Stock (GATX)