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GATX Corporation (NYSE: GATX) delivers essential railcar leasing solutions and fleet management services to global transportation markets. This news hub provides investors with direct access to official press releases, financial disclosures, and strategic updates from the industry-leading lessor.
Track critical developments including quarterly earnings reports, fleet expansion initiatives, and maintenance program enhancements. Our curated collection features verified announcements about partnership agreements, leadership changes, and regulatory compliance milestones specific to GATX's rail operations across North America, Europe, and Asia.
Bookmark this page for streamlined monitoring of GATX's asset utilization strategies, market position updates, and responses to evolving logistics demands. All content is sourced directly from company filings and authorized communications to ensure reliability.
GATX Corporation (NYSE:GATX) reported strong first-quarter results for 2023, with net income of $77.4 million or $2.16 per diluted share, compared to $75.8 million or $2.10 per diluted share in 2022. The results included a $1.3 million negative impact from tax adjustments. Demand for railcars remains robust, with fleet utilization at 99.3% and a renewal success rate of 77.9%. The Lease Price Index saw a positive change of 34.3%, up from 29.7% in the previous quarter. GATX's full-year earnings guidance is unchanged at $6.50–$6.90 per diluted share. The company also invested $387 million in the first quarter, acquiring over 1,000 railcars on long-term leases. Portfolio Management segment profit improved significantly, driven by better performance in affiliate earnings.
GATX Corporation (NYSE:GATX) is set to report its first-quarter 2023 financial results on April 25, 2023, before market opening. A conference call will follow at 11 a.m. ET for investors to discuss the results. Domestic and international dial-in numbers are provided for participation, along with a live webcast available at www.gatx.com. GATX has a long-standing history in leasing transportation assets globally and has maintained uninterrupted quarterly dividends since 1919, emphasizing its commitment to financial stability.
GATX Corporation (NYSE:GATX) will present at the Stifel 2023 Transportation & Logistics Conference on Tuesday, Feb. 7, 2023, at 3:00 p.m. ET. Thomas A. Ellman, executive vice president and CFO, will lead the presentation. Investors can listen to the live webcast at www.gatx.com starting 15 minutes before the presentation. The webcast will be archived for 90 days. GATX, headquartered in Chicago, has been leasing transportation assets since 1898 and has paid a quarterly dividend uninterrupted since 1919, emphasizing its commitment to customer service and sustainable transport solutions.
GATX Corporation (NYSE:GATX) has received a BBB+ Long-Term Issuer Default Rating (IDR) from Fitch Ratings with a stable outlook. The rating reflects GATX's strong market position in the railcar leasing sector, its diversified fleet, solid asset quality, and strong cash flow generation. Fitch highlighted the company's appropriate leverage and experienced management. CFO Thomas A. Ellman expressed satisfaction with the rating, emphasizing its recognition of GATX's long-standing strategy and robust financial performance.
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