Gatx Corp Stock Price, News & Analysis

GATX Corporation raised its 2022 earnings guidance to $5.60 - $6.00 per diluted share, highlighting strong demand for railcars. The company reported $2.6 million net income in Q2 2022, down from $5.5 million in Q2 2021. Year-to-date net income reached $78.4 million, up from $42.0 million last year. Rail North America achieved a 99.4% fleet utilization rate, while Rail International reported profits of $28.3 million. However, an impairment charge of $31.5 million affected the Portfolio Management segment, leading to a loss of $15.7 million for the quarter.

GATX Corporation (NYSE:GATX) will announce its Q2 2022 earnings on July 21, 2022, before market opening. A conference call to discuss the results will be held at 11 a.m. ET on the same day, accessible via telephone or webcast. Investors can participate by dialing in 15 minutes prior to the call. A replay of the call will be available starting at 2 p.m. ET on July 21. GATX specializes in leasing transportation assets globally, emphasizing safety and sustainability.

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.