CHICAGO--(BUSINESS WIRE)--GATX Corporation (NYSE:GATX) will report results for the 2023 fourth quarter prior to market open on Jan. 23, 2024. GATX will hold a conference call to review the results later that morning. Investors may listen to the call via telephone or over the internet as follows: Live Teleconference Date: Jan. 23, 2024 Time: 11 a.m. (Eastern Time) Domestic Dial-In: 1 (888) 660-6118 International Dial-In: 1 (929) 203-1802 Live Webcast: www.gatx.com T ...

GATX Corporation (GATX) is benefiting from its shareholder-friendly initiatives through which it rewards its shareholders in the form of dividend payments and share repurchases.Against this backdrop, let’s look at the factors that make this stock an attractive pick.What Makes GATX an Attractive Pick?An Outperformer: A glimpse at the company’s price trend reveals that the stock has had an impressive run on the bourse in the past year. Shares of GATX have gained 11.3% over the past year.Image Source: Zacks In ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 __________________________________________ FORM 10-Q __________________________________________ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ☐ Commission File Number: 1-2328 GATX Corporation ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 or 233 South Wacker Drive Chicago, Illinois 60606-7147 (Address o ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 __________________________________________ FORM 10-Q __________________________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 or TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 1-2328 GATX Corporation (Exact name of registrant as specified in its charter) New York 36-11 ...

GATX Corporation (NYSE:GATX) Q2 2023 Earnings Conference Call July 25, 2023 11:00 AM ET Company Participants Shari Hellerman - Head, IR Paul Titterton - EVP & President of Rail North America Bob Lyons - President & CEO Tom Ellman - EVP & CFO Conference Call Participants Allison Poliniak - Wells Fargo Justin Long - Stephens Inc. Matt Elkott - Cowen & Co. Bascome Majors - Susquehanna Justin Bergner - Gabelli Funds Operator Hello and welcome to the GATX 2023 Second Quarter Earnings Call. [Operator Instructions ...

TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 1-2328 GATX Corporation UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 __________________________________________ FORM 10-Q __________________________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 or (Registrant's telephone number, including area code) Securities regi ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 1-2328 GATX Corporation (Exact name of registrant as specified in its charter) New York 36-1124040 (State or Other Jurisdiction of incorporation or Organization) (I.R.S. Employer Ide ...

Financial Data and Key Metrics Changes - For the full year 2022, GATX reported net income of $155.9 million or $4.35 per diluted share, compared to $143.1 million or $3.98 per diluted share in 2021, indicating a year-over-year increase in net income [3] - The fourth quarter of 2022 saw net income of $48.4 million or $1.36 per diluted share, down from $61 million or $1.69 per diluted share in the fourth quarter of 2021, reflecting a net negative impact from tax adjustments and other items of $0.18 per diluted share [69][81] Business Line Data and Key Metrics Changes - Rail North America reported a substantial increase in segment profit for the year due to higher remarketing gains, higher revenue, and lower net maintenance expenses [6][30] - In Rail International, despite strong demand, segment profit was impacted by significant market disruptions, particularly due to supply chain issues stemming from the war in Ukraine [30] - The company anticipates segment profit at Rail International to increase by $10 million to $15 million in 2023, driven by strong demand and planned additions to the fleet [32] Market Data and Key Metrics Changes - Lease rates for existing railcars were reported to be generally over long-term averages, with tank cars slightly higher than freight cars [25] - The company expects lease revenue to increase by $30 million to $45 million in 2023, supported by the full-year impact of last year's rate increases [85] Company Strategy and Development Direction - GATX plans to continue focusing on generating attractive risk-adjusted returns for shareholders while navigating inflationary pressures and rising interest rates [5][31] - The company aims to maintain a disciplined approach to asset acquisition, emphasizing the attractiveness of underlying assets and economic returns [27][41] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the potential for improved railroad velocity and the ability to move freight that is currently sidelined, viewing this as a positive development [45] - The company acknowledges ongoing economic uncertainties, including inflation and potential recession risks, but remains confident in its position and ability to adapt [117] Other Important Information - GATX has paid dividends consecutively for 104 years and is considering its dividend policy during an upcoming Board meeting [10] - The company invested over $1.2 billion in core markets in 2022, demonstrating its commitment to capital deployment despite rising asset prices [72] Q&A Session Summary Question: Clarification on Portfolio Management guidance for 2023 - Management indicated a $10 million to $15 million increase in segment profit, with expectations for RRPF to remain relatively flat year-over-year [14] Question: Insights on secondary market activity - Management noted a robust secondary market, with opportunities for both selling and acquiring assets, driven by high-quality assets and strong customer demand [18][41] Question: Lease rates and market dynamics - Management reported sequential improvement in lease rates for both tank and freight cars, with expectations for continued increases in 2023 [76][89] Question: Average lease terms and market conditions - The average lease term has not increased significantly despite strong market conditions, with management expecting a gradual increase in 2023 [65][91] Question: Scrappage rates and fleet management - Management confirmed a healthy scrappage rate of about 500 cars per quarter, reflective of industry trends, and indicated ongoing interest in maintaining fleet size [140]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 __________________________________________ FORM 10-Q __________________________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 or TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 1-2328 GATX Corporation (Exact name of registrant as specified in its charter) New York ...

GATX Corporation (NYSE:GATX) Q3 2022 Earnings Conference Call October 25, 2022 11:00 AM ET Company Participants Shari Hellerman - Head of IR Paul Titterton - EVP and President of Rail North America Robert Lyons - President and CEO Thomas Ellman - EVP and CFO Conference Call Participants Allison Poliniak - Wells Fargo Matt Elkott - Cowen Bascome Majors - Susquehanna Justin Long - Stephens Justin Bergner - Gabelli Funds Operator Good morning. My name is Colby and I'll be your conference operator today. At thi ...