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 its 2020 fourth-quarter and full-year financial results, revealing a net income of $17.8 million or $0.50 per diluted share for Q4, down from $42.1 million in Q4 2019. Full-year net income was $150.2 million or $4.24 per diluted share, a decrease from $180.8 million in 2019, influenced by a $12.3 million tax adjustment. Despite challenges in railcar leasing, fleet utilization remained high at 98.1%, and the company executed over $1.0 billion in investments, including acquiring Rolls-Royce aircraft spare engines. 2021 earnings are projected between $4.00 and $4.30 per diluted share.
GATX Corporation (NYSE:GATX) announced a rescheduling of its 2020 fourth quarter earnings release and conference call from January 26, 2021, to January 28, 2021, due to anticipated inclement weather. The earnings will be reported before market open on January 28, followed by a conference call at 11 a.m. Eastern Time. Investors can participate via phone or webcast at GATX's website.
GATX, headquartered in Chicago since 1898, is a leading global railcar lessor, committed to quality service.
GATX Corporation (NYSE:GATX) is set to announce its fourth-quarter 2020 results before market open on January 26, 2021. A conference call will take place at 11 a.m. ET on the same day for investors to review the results, with options to listen via telephone or online. Details for dialing in domestically and internationally are provided. GATX, a leading global railcar lessor based in Chicago, has been operational for over 121 years, emphasizing a commitment to quality service and corporate transparency through various investor communication channels.
GATX Corporation (NYSE:GATX) has announced its acquisition of Trifleet Leasing Holding B.V., the fourth largest global tank container lessor, for approximately €175 million in cash, finalized on Dec. 29, 2020. Trifleet, based in the Netherlands, manages over 18,000 tank containers serving diverse sectors including chemicals, energy, and pharmaceuticals. This acquisition aims to enhance GATX's railcar leasing business and leverage its global customer base, focusing on safety, quality, and environmental responsibility.
GATX Corporation's CEO, Brian A. Kenney, will participate in a virtual fireside chat at the Stephens Annual Investment Conference on Nov. 17, 2020, at 4 p.m. ET. Investors can access the live webcast via www.gatx.com, available 15 minutes prior to the event. The conference will be archived for 90 days for later viewing. GATX, a leader in railcar leasing for over 121 years, is headquartered in Chicago, Illinois, and consistently shares financial updates through various channels on its Investor Relations website.
GATX Corporation will participate in Baird’s 2020 Global Industrial Conference on November 12, 2020, with a presentation by Thomas A. Ellman, CFO. The presentation, scheduled for 2:45 PM Central Time, will provide insights into the company’s operations. Interested parties can access the live webcast on www.gatx.com and will find accompanying slides available beforehand. GATX, a leader in railcar leasing, has been operating since 1898, and emphasizes transparency by releasing material information through various channels on its website.
GATX Corporation (NYSE:GATX) has appointed Jennifer Van Aken as senior vice president, treasurer, and chief risk officer. Van Aken has been with GATX since 2006, holding various leadership roles in treasury, investor relations, and investment risk management. She brings extensive experience in finance, having previously worked in the financial services industry. Thomas A. Ellman, GATX's CFO, expressed confidence in her ability to enhance the company's treasury and risk management operations. Van Aken holds a Bachelor of Science in Mathematics and an MBA from Carnegie Mellon University.
GATX Corporation has declared a quarterly dividend of $0.48 per common share, scheduled for payment on December 31, 2020, to shareholders on record by December 15, 2020. This amount remains unchanged from the previous quarter. GATX, established in 1898, is recognized as a leading global railcar leasing company, delivering quality railcars and services for over 121 years. The company continues to focus on customer service and shareholder value.
GATX Corporation reported a third-quarter net income of $48.2 million, or $1.36 per diluted share, up from $37.2 million or $1.03 per diluted share in Q3 2019. However, total net income for the first nine months decreased to $132.4 million from $138.7 million year-over-year. Fleet utilization remained high at 98.2%. The company faced a negative impact of $12.3 million due to tax adjustments and a decline in lease revenue in Rail North America, down from $60.9 million in Q3 2019 to $56.1 million. Portfolio Management saw a significant gain of $24.0 million from aircraft spare engine transactions.
GATX Corporation (NYSE:GATX) is set to release its third-quarter results for 2020 on Oct. 20, prior to market opening. A conference call will be held at 11 a.m. ET the same day for investors to discuss the results, available through both telephone and webcast. Interested parties can access the call by dialing in or visiting GATX's website. A replay of the call will be accessible starting at 2 p.m. ET on the same day. GATX has been a leader in railcar leasing for over 121 years, headquartered in Chicago.
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