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.
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.
GATX Corporation (NYSE:GATX) announced that Brian A. Kenney, president and CEO, will present at Baird’s 2021 Global Industrial Conference on Thursday, Nov. 11, 2021, at 2 p.m. Eastern Time. The presentation aims to provide an overview of GATX’s operations.
Investors can access the live webcast via www.gatx.com, starting 15 minutes before the event. Presentation slides will be available beforehand. GATX, headquartered in Chicago, Illinois, has been a leader in railcar leasing for over 120 years.
The board of directors of GATX Corporation (NYSE:GATX) has announced a quarterly dividend of $0.50 per common share, to be paid on December 31, 2021. Shareholders on record as of December 15, 2021 will receive this dividend, which remains unchanged from the previous quarter. GATX has a significant history in railcar leasing, serving customers for over 120 years from its headquarters in Chicago, Illinois.
GATX Corporation (NYSE: GATX) reported a net income of $40.1 million, or $1.11 per diluted share, for Q3 2021, a decrease from $48.2 million ($1.36 per share) in Q3 2020. Year-to-date net income from continuing operations dropped to $82.1 million, down from $132.4 million in the previous year. Fleet utilization improved to 99.2%, while renewal lease rates decreased by 8.1%. The company maintains its 2021 full-year earnings guidance of $4.30 to $4.50 per diluted share, excluding tax adjustments. Segment profits increased in Rail North America and Rail International.
GATX Corporation (NYSE:GATX) will report its Q3 2021 results on October 21, 2021, ahead of market open. A related conference call will be held the same day at 11 a.m. ET. Investors can access the call via phone or through a live webcast at www.gatx.com. The replay will be available starting at 2 p.m. ET the same day. GATX, a leading railcar leasing company based in Chicago, Illinois, continually aims to provide excellent service to its customers and shareholders.
GATX Corporation (NYSE:GATX) announced that Robert C. Lyons, Executive Vice President and President of Rail North America, will present at the Cowen Annual Global Transportation and Sustainable Mobility Virtual Conference on September 8, 2021, at 10 a.m. Eastern Time. The presentation will cover an overview of GATX’s operations. Interested parties can access the live webcast by visiting www.gatx.com at least 15 minutes before the start. Presentation slides will also be available on GATX's website prior to the event.
On July 30, 2021, GATX Corporation announced a quarterly dividend of $0.50 per common share, payable on September 30, 2021, to shareholders of record by September 15, 2021. This dividend remains unchanged from the previous quarter, reflecting the company's commitment to returning value to shareholders. With over 120 years in the railcar leasing industry, GATX continues to strive for excellence in its services and operations.
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