Welcome to our dedicated page for Gatx news (Ticker: GATX), a resource for investors and traders seeking the latest updates and insights on Gatx stock.
GATX Corporation (NYSE: GATX) generates a steady stream of news related to its role in transportation asset leasing, particularly in railcar and aircraft spare engine leasing. The company’s press releases and SEC filings highlight developments across its Rail North America, Rail International and Engine Leasing segments, as well as its capital markets and joint venture activities.
On this news page, readers can follow GATX stock news tied to quarterly earnings releases, where the company reports segment profit, fleet utilization, renewal lease rate changes and investment volume for its global rail and engine portfolios. These updates often include commentary on demand for railcars in North America, Europe and India, and on the performance of aircraft spare engine leasing affiliates such as Rolls-Royce and Partners Finance.
GATX also issues news about strategic transactions. Recent examples include the joint venture with Brookfield Infrastructure to acquire Wells Fargo’s rail operating lease portfolio, and an agreement for GATX Rail Europe to acquire approximately 6,000 railcars from DB Cargo AG through a sale-leaseback transaction. Such announcements provide insight into how GATX expands and diversifies its global railcar portfolio.
Investors will also find updates on dividend declarations, investor conference presentations, and regulatory milestones related to large acquisitions, such as antitrust clearances and closing conditions. Together, these items offer a view into GATX’s operating trends, capital deployment, financing decisions and shareholder return policies.
By monitoring this page, users can track the latest GATX news, from earnings and fleet metrics to joint ventures and financing transactions, all in one place.
GATX Corporation reported second-quarter 2021 net income of $5.5 million, or $0.15 per diluted share, significantly lower than $37.0 million, or $1.05 per diluted share, year-over-year. The results include a negative impact of $39.7 million due to a tax rate increase in the UK and $3.4 million related to debt extinguishment. Despite these challenges, the company increased its full-year earnings guidance to $4.30-$4.50 per diluted share. Rail North America posted a segment profit of $77.6 million, reflecting higher asset disposition gains. However, Portfolio Management profits declined due to lower earnings from affiliates.
GATX Corporation (NYSE:GATX) is set to report its second quarter 2021 results on July 20, 2021, prior to market opening. A conference call to discuss the results will take place the same day at 11 a.m. Eastern Time, accessible via phone or webcast. Investors can listen to the call by dialing in or visiting GATX's website. The company also emphasizes its longstanding reputation as a leading railcar leasing provider, serving customers for over 120 years from its Chicago headquarters. For further details, visit the Investor Relations section on GATX's website.
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GATX Corporation (NYSE:GATX) announced that Thomas A. Ellman, executive vice president and CFO, will present at the 2021 Virtual Wells Fargo Industrials Conference on May 5, 2021, at 2:00 PM ET. The presentation will offer an overview of GATX's operations and will include a Q&A session. Interested individuals can listen to the live webcast on the GATX website, which will be archived for 90 days. Accompanying slides will also be available on the site. GATX has been a leading global railcar lessor for over 120 years, headquartered in Chicago.
GATX Corporation (NYSE:GATX) announced the appointment of Kim Nero as Executive Vice President and Chief Human Relations Officer, effective May 3, 2021. Nero, who succeeds Jim Conniff, brings extensive HR experience from previous roles at Ferrara Candy Company and Discover Financial Services. Her leadership is expected to enhance GATX's talent strategies and strengthen its organizational culture. Conniff retires after 40 years, leaving a significant legacy in modernizing GATX's HR functions.
GATX Corporation (NYSE:GATX) announced a quarterly dividend of $0.50 per common share, to be paid on June 30, 2021, to shareholders recorded on June 15, 2021. This dividend amount remains unchanged from the previous quarter. GATX, a leader in railcar leasing for over 120 years, is committed to delivering quality services to its customers while maintaining shareholder confidence. The company is headquartered in Chicago and emphasizes transparency by frequently updating investors via its website and SEC filings.
GATX Corporation reported a net income of $36.5 million, or $1.02 per diluted share, for Q1 2021, down from $47.2 million, or $1.33 in Q1 2020. Fleet utilization in Rail North America was 97.8%, slightly lower than previous quarters. The company’s Lease Price Index showed a negative change of 18.1%. However, Rail International's profit rose to $21.8 million, driven by higher lease activity. GATX is optimistic about its investment in aircraft spare engines, totaling around $350 million, and maintains a full-year earnings guidance of $4.00 to $4.30 per diluted share.
GATX Corporation (NYSE:GATX) announced plans to redeem its 5.625% Senior Notes due 2066, with an aggregate principal amount of $150,000,000, on June 1, 2021. The redemption price will be 100% of the principal, plus accrued interest. Following the redemption, the notes will be delisted from the New York Stock Exchange. The company expects this move to result in interest savings until the notes’ original maturity date. Any unpaid interest from February 28 to May 30, 2021, will be paid on the redemption date.
GATX Corporation (NYSE:GATX) will report its first quarter 2021 results on April 20, 2021, before market open. A conference call is scheduled for the same day at 11 a.m. ET, available via telephone and webcast. Investors can access the call by dialing 1-800-367-2403 domestically or 1-334-777-6978 internationally. The replay will be available from 2 p.m. ET on the same day. GATX, a leader in railcar leasing for over 120 years, urges stakeholders to consult their website for further material information.
On January 29, 2021, GATX Corporation (NYSE:GATX) announced a quarterly dividend of $0.50 per common share, marking a 4.2% increase from the previous year. This dividend is payable on March 31, 2021, to shareholders of record on February 26, 2021. GATX has maintained an uninterrupted dividend payment track record since 1919, signifying the board's confidence in the company's long-term outlook. Over the last decade, GATX has invested approximately $8.0 billion while returning over $1.5 billion to shareholders through dividends and stock repurchases.
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