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GATX Corporation leases transportation assets to customers worldwide, including railcars, aircraft spare engines and tank containers. News about GATX centers on its Rail North America, Rail International, Engine Leasing and other transportation-asset activities, with recurring updates on fleet utilization, lease pricing, renewal terms, investment volume and demand for aircraft spare engines.
Company updates also cover earnings releases, conference calls, dividends, share repurchase authorizations and capital deployment. GATX’s completed acquisition of a large rail operating lease portfolio through a joint venture expanded its North American railcar platform and added recurring coverage of fleet integration, railcar management and related financing activity.
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.
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.