Gatx Corp Stock Price, News & Analysis

GATX Corporation (NYSE:GATX) announced that Paul F. Titterton, the executive vice president and president of Rail North America, will participate in a fireside chat at the 2022 Wells Fargo Industrials Conference. This event is scheduled for Wednesday, May 4, 2022, at 10:40 a.m. ET. Interested participants can listen to a live webcast by visiting the GATX website at least 15 minutes before the event. GATX specializes in leasing transportation assets, including railcars and tank containers, and is headquartered in Chicago, Illinois.

The board of directors of GATX Corporation (NYSE:GATX) has declared a quarterly dividend of $0.52 per common share, payable on June 30, 2022, to shareholders of record on June 15, 2022. This dividend remains unchanged from the previous quarter. Headquartered in Chicago, Illinois, GATX specializes in leasing transportation assets, including railcars and tank containers, globally. The company emphasizes its commitment to providing innovative services while ensuring sustainability and community well-being.

GATX Corporation (NYSE:GATX) reported a first-quarter net income of $75.8 million, or $2.10 per diluted share, up from $36.5 million or $1.02 per diluted share year-over-year. The results included a net $11.5 million negative impact from impairment charges and a $3.0 million positive impact from a tax rate reduction in Austria. Fleet utilization for Rail North America reached 99.3% with a renewal lease rate change of 9.3%. The company anticipates 2022 full-year earnings between $5.50 and $5.80 per diluted share.

GATX Corporation (NYSE:GATX) is set to report its Q1 2022 results before market opens on April 20, 2022. The company will host a conference call at 11 a.m. ET to discuss the results, which can be accessed via phone or webcast. Key contact information for participation includes domestic dial-in 1-800-289-0720 and international dial-in 1-323-701-0160. GATX specializes in leasing transportation assets like railcars and aircraft spare engines, aiming to provide innovative services globally.

GATX Corporation (NYSE:GATX) has announced the appointment of Paul F. Titterton as the new president of Rail North America, effective April 22, 2022. He succeeds Robert C. Lyons, who will become the chief executive officer of GATX on the same date. Titterton, who has 25 years of experience in the rail business, aims to leverage his background for further growth in railcar leasing. He has previously held senior leadership roles within the company since 1997.

Lyons endorsed Titterton's extensive commercial and operational expertise as fitting for the role.

The board of directors of GATX Corporation (NYSE:GATX) declared a quarterly dividend of $0.52 per common share, payable on March 31, 2022, to shareholders of record on February 25, 2022. This marks a 4.0% increase from the previous year's dividend, continuing GATX's uninterrupted dividend payments since 1919, achieving 104 consecutive years of dividends. Over the last decade, GATX invested approximately $8.4 billion in business and returned over $1.5 billion to shareholders through dividends and repurchases, reflecting confidence in the company's long-term outlook.

GATX Corporation reported strong fourth-quarter and full-year 2021 results. The fourth-quarter net income from continuing operations reached $61.0 million, or $1.69 per diluted share, significantly up from $17.8 million, or $0.50 per share in Q4 2020. Full-year net income totaled $143.1 million, or $3.98 per diluted share, down from $150.2 million, or $4.24 per share in 2020. Rail North America achieved a segment profit of $75.6 million, driven by increased asset disposition gains. Fleet utilization remained high at 99.2%, and GATX anticipates further growth in 2022 with earnings projected between $5.50 to $5.80 per share.

GATX Corporation (NYSE:GATX) is set to report its fourth-quarter results for 2021 on January 25, 2022, before the market opens. A conference call will follow the announcement at 11 a.m. ET for investors to discuss the results. Investors can join the call via telephone or listen to the live webcast on GATX's website. Replay information will also be available starting at 2 p.m. ET on the same day. GATX is recognized as a leading global railcar lessor, providing quality services for over 120 years.

GATX Corporation (NYSE:GATX) announces that Brian A. Kenney will retire as CEO on April 22, 2022, transitioning to non-executive chairman until October 31, 2022. Robert C. Lyons, the current EVP and president of Rail North America, has been appointed as CEO-elect, effective April 22, 2022. The board emphasizes a thoughtful succession process and expresses confidence in Mr. Lyons, citing his strategic involvement and operational skills. Kenney lauds the company's achievements and looks forward to collaborating with Lyons in future endeavors.