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) announced that Thomas A. Ellman, CFO, will speak at the Cowen Annual Global Transportation and Sustainable Mobility Virtual Conference on September 7, 2022, at 9:20 a.m. EST. Investors can access a live webcast on GATX's website, which will be archived for 90 days. GATX leases transportation assets globally, emphasizing safe and sustainable services while supporting employee and community well-being. Investors are encouraged to check GATX's Investor Relations page for important updates and information.
Kansas City Southern, Canadian Pacific, and GATX have launched the Save the Monarch Butterfly 60,000 Tree Challenge to raise $100,000. The funds will plant 60,000 oyamel trees at El Rosario Monarch Butterfly Sanctuary in Mexico to combat declining monarch populations. The challenge follows the International Union for Conservation of Nature's recent endangered listing for the migratory monarch. The initiative includes a boxcar tour across North America to raise awareness and funds.
The board of directors of GATX Corporation (NYSE:GATX) has declared a quarterly dividend of $0.52 per common share, payable on September 30, 2022, to shareholders of record on September 15, 2022. This dividend remains unchanged from the previous quarter. GATX specializes in leasing transportation assets such as railcars and tank containers, focusing on safe and sustainable operations. Founded in 1898, GATX is headquartered in Chicago, Illinois.
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.
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