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 (NYSE: GATX) reported fourth-quarter 2022 net income of $48.4 million or $1.36 per diluted share, down from $61.0 million or $1.69 per diluted share in Q4 2021. For the full year, net income rose to $155.9 million or $4.35 per diluted share, compared to $143.1 million or $3.98 in 2021. Rail North America saw a segment profit increase to $83.5 million, driven by higher lease revenues and a fleet utilization exceeding 99%. The company has set a 2023 earnings guidance of $6.50–$6.90 per diluted share, highlighting an optimistic outlook despite economic uncertainties. Overall investment volume for 2022 surpassed $1.2 billion, reflecting GATX's strategic growth initiatives.
GATX Corporation (NYSE:GATX) will report its 2022 fourth quarter results on
GATX Corporation (NYSE:GATX) will present at the Stephens Annual Investment Conference on Wednesday, Nov. 16, 2022, starting at 10:00 a.m. ET. Thomas A. Ellman, executive vice president and CFO, will lead the presentation. Participants can access a live webcast on www.gatx.com, with the recording available for 90 days. Founded in 1898 and headquartered in Chicago, GATX specializes in leasing transportation assets globally, including railcars and aircraft spare engines, and has paid uninterrupted dividends since 1919.
GATX Corporation (NYSE:GATX) has appointed James B. Ream as the independent chair of its board of directors, effective immediately. Ream succeeds Brian A. Kenney, who retired as president and CEO in April 2022. Ream, previously the independent lead director for five years, brings over 40 years of transportation industry experience. The leadership change aims to strengthen GATX's strategic focus and long-term returns for stakeholders. Kenney's leadership has positioned GATX as a leader in full-service leasing of long-lived assets.
The board of directors of GATX Corporation (NYSE:GATX) has declared a quarterly dividend of $0.52 per common share, set to be paid on December 31, 2022. Shareholders of record will be those on December 15, 2022. This dividend remains consistent with the previous quarter's amount. GATX has a long-standing history of uninterrupted quarterly dividend payments since 1919, underlining its commitment to shareholder returns.
GATX Corporation (NYSE:GATX) reported third-quarter 2022 net income of $29.1 million, or $0.81 per diluted share, down from $40.1 million or $1.11 per diluted share in Q3 2021. The results include a $10.8 million impairment charge from exiting the rail business in Russia. Year-to-date net income reached $107.5 million, compared to $82.1 million in 2021. Fleet utilization remained high at 99.6% for Rail North America, while Rail International reported a drop in segment profit to $14.5 million. GATX expects full-year earnings at the upper end of its guidance of $5.60 to $6.00 per diluted share.
GATX Corporation (NYSE:GATX) will report its third-quarter 2022 results on October 25, 2022, before the market opens. A conference call will occur at 11 a.m. ET to discuss the results, with options for participation via phone or webcast. The dial-in numbers include 1-888-660-6118 (domestic) and 1-929-203-1802 (international). Replay options start at 2 p.m. ET on the same day. GATX has a long-standing history, having paid dividends uninterrupted since 1919.
GATX Corporation (NYSE:GATX) has secured a long-term railcar supply agreement with Trinity Industries, Inc. to purchase 15,000 newly built railcars by 2028, with an option for an additional 500 railcars annually. The deal includes 6,000 tank cars, delivered at 1,200 per year starting in 2024, plus 9,000 mixed freight and tank cars delivered at a rate of 1,500 cars per year. This agreement ensures GATX's access to modern railcars, aligning with their base fleet reinvestment strategy in North America through 2028.
GATX Corporation announces the retirement of Deborah A. Golden, executive vice president, general counsel, and corporate secretary, effective November 30, 2022. Ms. Golden has been with GATX since 2006, playing a vital role in the company’s success. Brian L. Glassberg, deputy general counsel, has been appointed to succeed her starting December 1, 2022. Brian has vast experience with GATX since 2011 and has contributed to several strategic initiatives. His promotion is expected to ensure continuity in legal and compliance functions as GATX expands globally.
GATX Corporation (NYSE:GATX) has announced the appointment of Erik Henstra as Managing Director of its subsidiary Trifleet Leasing, effective September 1. Henstra brings extensive international experience in asset leasing, having previously held senior roles at LeasePlan. His focus will be on building sustainable business models and enhancing customer service. This leadership change aims to drive Trifleet's growth while maintaining high service standards. GATX continues to provide innovative leasing solutions across various transport assets, including tank containers.
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