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 Q3 2023

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Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

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.

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Mario Gabelli (Trades, Portfolio), founder of GAMCO Investors, has revealed his portfolio for the fourth quarter. Major trades include reductions in his Rollins Inc. (NYSE:ROL), Navistar International Corp. (NYSE:NAV) and Quidel Corp. (NASDAQ:QDEL) holdings alongside selling out of GCI Liberty Inc. (NASDAQ:GLIBA).

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With the scenario brightening for the transportation stocks, we believe, Norfolk Southern (NSC), Canadian National (CNI), J.B. Hunt (JBHT) and GATX that raised dividends recently, should be on an investor's radar.

4 Transportation Stocks With Dividend Growth to Watch Now

Lower profitability in the Rail North America segment and below-par performance in the Portfolio Management unit hurt GATX Corp's (GATX) fourth-quarter 2020 earnings.

GATX Corp (GATX) Misses on Q4 Earnings, Stock Down 3.3%

Despite higher revenue and lower expenses, fourth-quarter net profit for rail lessor and manufacturer GATX (NYSE: GATX) was down from a year ago on lower affiliate income related to a joint venture with Rolls-Royce. The fourth quarter of 2019 also included income from operations that have since been discontinued.

GATX fourth-quarter net income totals nearly $18 million

GATX Corporation (GATX) CEO Brian Kenney on Q4 2020 Results - Earnings Call Transcript

CHICAGO, Jan. 28, 2021 (GLOBE NEWSWIRE) -- GATX Corporation (NYSE:GATX) today reported 2020 fourth-quarter and full-year results. Results for the fourth quarter and full-year ending Dec. 31 are summarized below:

GATX Corporation Reports 2020 Fourth-Quarter and Full-Year Results

CHICAGO, Jan. 25, 2021 (GLOBE NEWSWIRE) -- GATX Corporation (NYSE:GATX) changed its previously announced 2020 fourth quarter earnings release and conference call date from Tuesday, Jan. 26, 2021 to Thursday, Jan. 28, 2021 due to forecasted inclement weather. GATX will report results prior to market open on Jan. 28, 2021 and 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 Changes Date for 2020 Fourth Quarter Earnings Release and Conference Call

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CHICAGO, Jan. 07, 2021 (GLOBE NEWSWIRE) -- GATX Corporation (NYSE:GATX) will report results for the 2020 fourth quarter prior to market open on Jan. 26, 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 2020 Fourth Quarter Earnings Release and Conference Call

GATX adds 18,000 tank containers through the Trifleet buyout.

GATX Acquires Tank Container Lessor Trifleet for 175M Euros

GATX (NYSE: GATX) announced Wednesday the acquisition of the fourth-largest tank container lessor globally, Trifleet Leasing Holding B.V., for 175 million euros ($215 million) in cash.

GATX picks up 18,000 tank containers in latest deal

CHICAGO, Dec. 30, 2020 (GLOBE NEWSWIRE) -- GATX Corporation (NYSE:GATX) today announced its acquisition of Trifleet Leasing Holding B.V., the fourth largest global tank container lessor. Headquartered in the Netherlands with offices worldwide, Trifleet owns and manages a fleet of over 18,000 tank containers leased to a diverse customer base in the chemical, industrial gas, energy, food, cryogenic and pharmaceutical industries, as well as to tank container operators.

GATX Corporation Acquires Tank Container Lessor Trifleet Leasing

As of late, it has definitely been a great time to be an investor in GATX Corporation (GATX).

GATX Corporation's (GATX) Shares March Higher, Can It Continue?

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

Why Is Gatx (GATX) Up 17.2% Since Last Earnings Report?

CHICAGO, Nov. 16, 2020 (GLOBE NEWSWIRE) -- Brian A. Kenney, president and chief executive officer, GATX Corporation (NYSE:GATX), will participate in a virtual fireside chat at the Stephens Annual Investment Conference on Tuesday, Nov. 17, 2020, at 4 p.m. ET.

GATX Corporation to Participate in Stephens Annual Investment Conference 2020

CHICAGO, Nov. 11, 2020 (GLOBE NEWSWIRE) -- GATX Corporation (NYSE:GATX) today announced that Thomas A. Ellman, executive vice president and chief financial officer, will present at Baird's 2020 Global Industrial Conference on Thursday, Nov. 12, 2020. The presentation will include an overview of GATX's operations.

GATX Corporation to Present at Baird's 2020 Global Industrial Conference

CHICAGO, Nov. 05, 2020 (GLOBE NEWSWIRE) -- GATX Corporation (NYSE:GATX) announced that Jennifer Van Aken has been appointed senior vice president, treasurer and chief risk officer.

GATX Corporation Announces Appointment of Senior Vice President, Treasurer and Chief Risk Officer

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Lower lease revenues in the Rail North America segment and higher expense hurt GATX Corp's (GATX) third-quarter results.

GATX Corp (GATX) Q3 Earnings Surpass Estimates, Down Y/Y

GATX's (NYSE: GATX) net profit rose 6% in the third quarter despite revenue declines for its North American rail segment. Net income was $47.9 million in the third quarter of 2020 for the railcar lessor, compared with $45.1 million in the third quarter of 2019.

GATX third-quarter net profit increases on international businesses

GATX's (GATX) CEO Brian Kenney on Q3 2020 Results - Earnings Call Transcript

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CHICAGO, Oct. 05, 2020 (GLOBE NEWSWIRE) -- GATX Corporation (NYSE:GATX) will report results for the 2020 third quarter prior to market open on Oct. 20, 2020. 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 2020 Third Quarter Earnings Release and Conference Call

Coronavirus-led shutdowns are worrisome for GATX. However, the company's strong balance sheet and shareholder- friendly measures are impressive.

GATX Rides on Strong Liquidity Amid Coronavirus-led Woes

CHICAGO, Sept.  08, 2020  (GLOBE NEWSWIRE) -- GATX Corporation (NYSE:GATX) today announced that Robert C. Lyons, executive vice president and president, Rail North America, will present at the Cowen 2020 Global Transportation and Sustainable Mobility Virtual Conference on Wednesday, Sept. 9, 2020. The presentation will include an overview of GATX’s operations.

News for GATX Stock (GATX)