GATX Corporation’s (GATX) fourth-quarter 2023 earnings per share (EPS) of $1.74 outpaced the Zacks Consensus Estimate of $1.56. The bottom line improved 12.9% year over year. Revenues of $368.7 million missed the Zacks Consensus Estimate of $394.9 million but improved 14.3% year over year.Lease revenues of $323.6 million grew 10.1% year over year, while Marine operating revenues decreased 70.4% to $0.8 million. Revenues from other sources rose 27.3% to $31.2 million.Total expenses (on a reported basis) rose ...

Gatx (GATX) came out with quarterly earnings of $1.74 per share, beating the Zacks Consensus Estimate of $1.56 per share. This compares to earnings of $1.54 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 11.54%. A quarter ago, it was expected that this equipment finance company would post earnings of $1.53 per share when it actually produced earnings of $1.44, delivering a surprise of -5.88%.Over the last four quarters, the c ...

CHICAGO--(BUSINESS WIRE)--GATX Corporation (NYSE: GATX) today reported 2023 fourth-quarter net income of $66.0 million or $1.81 per diluted share, compared to net income of $48.4 million or $1.36 per diluted share in the fourth quarter of 2022. The 2023 fourth-quarter results include a net positive impact from Tax Adjustments and Other Items of $0.07 per diluted share. The 2022 fourth-quarter results include a net negative impact from Tax Adjustments and Other Items of $0.18 per diluted share. Net income f ...

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 ...

Assets and Fleet - As of December 31, 2022, the company had total assets of $10.1 billion, primarily consisting of railcars[14] - The company operates a fleet of approximately 144,000 railcars, making it one of the largest railcar lease fleets globally[16] - Rail North America serves around 860 customers, with no single customer accounting for more than 4% of total lease revenue in 2022[21] - The average remaining lease term for the North American fleet was approximately 35 months as of December 31, 2022[21] - The company entered a long-term supply agreement with Trinity to purchase 15,000 newly built railcars through 2028, with 682 railcars ordered as of December 31, 2022[23] - Rail International had commitments to acquire 1,489 newly manufactured railcars to be delivered in 2023[34] - Rail India owned 5,872 railcars with an average remaining lease term of approximately 59 months as of December 31, 2022[35] - As of December 31, 2022, Trifleet owned and managed a fleet of approximately 22,000 tank containers leased to about 300 customers, with an average remaining lease term of approximately 26 months[46] - Trifleet has commitments to acquire 610 newly manufactured tank containers to be delivered in 2023[47] - GATX sold two Specialized Gas Vessels in 2022, with three remaining vessels classified as held for sale as of December 31, 2022[44] Maintenance and Operations - The maintenance network in Rail North America performed approximately 30,900 service events in 2022[29] - GEL acquired 14 aircraft spare engines for approximately $352 million in 2021 and five engines for approximately $150 million in 2022, with lease terms generally ranging from 9 to 11 years[43] Workforce and Diversity - Approximately 34% of GATX's 1,904 employees were union workers covered by collective bargaining agreements as of December 31, 2022[53] - GATX has committed to diversity and inclusion initiatives, including hiring diverse candidates and conducting annual compensation analyses for pay equity[59] - GATX has trained over 22,000 customers and emergency responders through its TankTrainer™ mobile classroom since 1993[60] Environmental Impact - GATX's environmental costs were not material to its financial position as of December 31, 2022[65] - GATX continues to publish Scope 1 and Scope 2 greenhouse gas emissions data and assess its full value chain impacts on the environment[66] Leadership and Governance - GATX's executive team includes Robert C. Lyons as President and CEO since 2022 and Thomas A. Ellman as CFO since 2018[67] - Mr. Lyons was elected President and CEO effective April 2022, with a history of leadership roles within the company since 1996[68] - Mr. Ellman has served as CFO since August 2018, previously holding various leadership positions in the company and GE Equipment Services[68] - Mr. Glassberg was appointed Executive Vice President and General Counsel in December 2022, bringing extensive legal experience to the company[68] - Ms. Nero has been the Chief Human Resources Officer since May 2021, with a background in leading HR functions across multiple industries[69] Financial Risks and Management - Interest expense is affected by floating rate debt; a hypothetical 100 basis point increase in market interest rates would increase after-tax interest expense by $4.6 million in 2023[302] - A hypothetical 10% strengthening of the U.S. dollar would decrease after-tax income by $8.1 million in 2023, compared to a decrease of $8.3 million in 2022[303] - The company manages interest rate and foreign currency exchange rate risks through derivative transactions, primarily for hedging purposes[301] - The company does not engage in speculative derivative transactions, focusing solely on managing existing exposures[301] - The company’s financial results are influenced by interest rate changes from affiliates that issue floating rate debt instruments[302] Transparency and Reporting - The company provides free access to its annual and quarterly reports on its website, ensuring transparency and compliance with SEC regulations[70]