Articles from GATX Corporation

GATX Corporation (NYSEGATX) today reported 2024 fourth-quarter net income of $76.5 million or $2.10 per diluted share, compared to net income of $66.0 million or $1.81 per diluted share in the fourth quarter of 2023. The 2024 and 2023 fourth-quarter results include net positive impacts of $0.17 per diluted share and $0.07 per diluted share, respectively, from Tax Adjustments and Other Items.

GATX Corporation (NYSEGATX) will report results for the 2024 fourth quarter prior to market open on Jan. 23, 2025. 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:

GATX Corporation (NYSEGATX) was recently selected by the Chemistry Industry Association of Canada (“CIAC”) to receive the 2023 Responsible Care® Excellence in Partnership Award. This award was presented to GATX at the annual CIAC board of directors’ meeting on Oct. 22, 2024.

The board of directors of GATX Corporation (NYSEGATX) today declared a quarterly dividend of $0.58 per common share, payable Dec. 31, 2024, to shareholders of record on Dec. 13, 2024. This quarterly dividend is unchanged from the prior quarter.

GATX Corporation (NYSEGATX) today reported 2024 third-quarter net income of $89.0 million, or $2.43 per diluted share, compared to net income of $52.5 million, or $1.44 per diluted share, in the third quarter of 2023. The 2024 third-quarter results include a net negative impact of $2.5 million, or $0.07 per diluted share, from Tax Adjustments and Other Items.

GATX Corporation (NYSEGATX) will report results for the 2024 third quarter prior to market open on Oct. 22, 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:

GATX Corporation (NYSEGATX), the leading global lessor of transportation assets, today announced that Christopher LaHurd has been appointed senior vice president, international, effective immediately. In this role, Mr. LaHurd will focus on developing and implementing strategic and operational initiatives that position GATX to fully capitalize on the attractive growth opportunities in the European rail market.

The board of directors of GATX Corporation (NYSEGATX) today declared a quarterly dividend of $0.58 per common share, payable September 30, 2024, to shareholders of record on September 13, 2024. This quarterly dividend is unchanged from the prior quarter.

GATX Corporation (NYSEGATX) today reported 2024 second-quarter net income of $44.4 million, or $1.21 per diluted share, compared to net income of $63.3 million, or $1.74 per diluted share, in the second quarter of 2023. The 2024 second-quarter results include a net negative impact of $8.0 million, or $0.22 per diluted share, from Tax Adjustments and Other Items. The 2023 second-quarter results include a net positive impact of $0.2 million, or $0.01 per diluted share, from Tax Adjustments and Other Items.

GATX Corporation (NYSEGATX) will report results for the 2024 second quarter prior to market open on July 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:

Thomas A. Ellman, executive vice president and chief financial officer, GATX Corporation (NYSEGATX), will present at the 2024 Wells Fargo Industrials Conference on Tuesday, June 11, 2024.

GATX Corporation (NYSEGATX) today announced that Wesley J. Lujan will be appointed vice president, government and industry affairs, succeeding Terrence G. Heidkamp, who will retire at the end of 2024. In his new role, Mr. Lujan will be responsible for GATX’s relationships with North American rail industry associations and regulatory and legislative bodies.

The board of directors of GATX Corporation (NYSEGATX) today declared a quarterly dividend of $0.58 per common share, payable June 30, 2024, to shareholders of record on June 14, 2024. This quarterly dividend is unchanged from the prior quarter.

GATX Corporation (NYSEGATX) today reported 2024 first-quarter net income of $74.3 million, or $2.03 per diluted share, compared to net income of $77.4 million, or $2.16 per diluted share, in the first quarter of 2023. The 2024 first-quarter results included a net positive impact of $0.6 million, or $0.02 per diluted share, from Tax Adjustments and Other Items. The 2023 first-quarter results included a net negative impact of $1.3 million, or $0.04 per diluted share, from Tax Adjustments and Other Items. Details related to Tax Adjustments and Other Items are provided in the attached Supplemental Information.

GATX Corporation (NYSEGATX) will report results for the 2024 first quarter prior to market open on April 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:

Thomas A. Ellman, executive vice president and chief financial officer, GATX Corporation (NYSEGATX), will present at the Stifel 2024 Transportation & Logistics Conference on Feb. 13, 2024.

GATX Corporation (NYSEGATX) today announced the election of John M. Holmes to its board of directors. Mr. Holmes will also serve as a member of the board’s Audit Committee. With the appointment of Mr. Holmes, the GATX board will now consist of 10 members, including nine independent directors.

GATX Corporation (NYSEGATX) 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.

GATX Corporation (NYSEGATX) 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:

Thomas A. Ellman, executive vice president and chief financial officer of GATX Corporation (NYSEGATX), will present at the Stephens Annual Investment Conference on Wednesday, Nov. 15, 2023, at 3 p.m. EST.

The board of directors of GATX Corporation (NYSEGATX) today declared a quarterly dividend of $0.55 per common share, payable Dec. 31, 2023, to shareholders of record on Dec. 15, 2023. This quarterly dividend is unchanged from the prior quarter.

GATX Corporation (NYSEGATX) today reported 2023 third-quarter net income of $52.5 million, or $1.44 per diluted share, compared to net income of $29.1 million, or $0.81 per diluted share, in the third quarter of 2022. The 2022 third-quarter results include a net negative impact of $10.8 million, or $0.31 per diluted share, from Tax Adjustments and Other Items.

GATX Corporation (NYSEGATX) will report results for the 2023 third quarter prior to market open on Oct. 24, 2023. 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:

Thomas A. Ellman, executive vice president and chief financial officer of GATX Corporation (NYSEGATX), will present at The TD Cowen Annual Global Transportation Conference on Wednesday, Sept. 6, 2023, at 10:55 a.m. EDT.

GATX Corporation (NYSEGATX), the leading global lessor of transportation assets, today announced three senior leadership promotions, effective immediately:

The board of directors of GATX Corporation (NYSEGATX) today declared a quarterly dividend of $0.55 per common share, payable Sep. 30, 2023, to shareholders of record on Sep. 15, 2023. This quarterly dividend is unchanged from the prior quarter.

GATX Corporation (NYSEGATX) today announced the election of Shelley J. Bausch to its board of directors. Ms. Bausch will also serve as a member of the board’s Audit and Governance Committees. With the appointment of Ms. Bausch, the GATX board will now consist of nine members, including eight independent directors.

GATX Corporation (NYSEGATX) today reported 2023 second-quarter net income of $63.3 million, or $1.74 per diluted share, compared to net income of $2.6 million, or $0.07 per diluted share, in the second quarter of 2022. The 2023 second-quarter results include a net positive impact of $0.2 million, or $0.01 per diluted share, from Tax Adjustments and Other Items. The 2022 second-quarter results include a net negative impact of $35.9 million, or $1.00 per diluted share, from Tax Adjustments and Other Items.

GATX Corporation (NYSEGATX) today announced a modified methodology for its Lease Price Index (LPI) calculation. This modification, accompanied by historical data dating back to the introduction of the LPI in 2008, is intended to provide investors and other constituents with a more complete representation of lease rate and lease term performance on renewals across GATX’s North American railcar fleet.

GATX Corporation (NYSEGATX) will report results for the 2023 second-quarter prior to market open on July 25, 2023. 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:

Robert C. Lyons, president and chief executive officer, GATX Corporation (NYSEGATX), will participate in a fireside chat at the 2023 Wells Fargo Industrials Conference on Tuesday, June 13, 2023, at 10:15 a.m. CT.

The board of directors of GATX Corporation (NYSEGATX) today declared a quarterly dividend of $0.55 per common share, payable Jun. 30, 2023, to shareholders of record on Jun. 15, 2023. This quarterly dividend is unchanged from the prior quarter.

GATX Corporation (NYSEGATX) today reported 2023 first-quarter net income of $77.4 million, or $2.16 per diluted share, compared to net income of $75.8 million, or $2.10 per diluted share, in the first quarter of 2022. The 2023 first-quarter results included a net negative impact of $1.3 million, or $0.04 per diluted share, from Tax Adjustments and Other Items. The 2022 first-quarter results included a net negative impact of $8.5 million, or $0.24 per diluted share, from Tax Adjustments and Other Items. Details related to Tax Adjustments and Other Items are provided in the attached Supplemental Information.

GATX Corporation (NYSEGATX) will report results for the 2023 first quarter prior to market open on Apr. 25, 2023. 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:

Thomas A. Ellman, executive vice president and chief financial officer, GATX Corporation (NYSEGATX), will present at the Stifel 2023 Transportation & Logistics Conference on Tuesday, Feb. 7, 2023.

GATX Corporation (NYSEGATX) announced today that Fitch Ratings, Inc. (“Fitch”) has assigned the Company a BBB+ Long-Term Issuer Default Rating (IDR) with a stable outlook, a BBB+ senior unsecured debt rating, an F2 short-term IDR and an F2 commercial paper rating.

The board of directors of GATX Corporation (NYSEGATX) today declared a quarterly dividend of $0.55 per common share, payable Mar. 31, 2023, to shareholders of record on Mar. 3, 2023. GATX has paid quarterly dividends without interruption since 1919, and the dividend amount announced today represents a 5.8% increase from the prior year’s dividend.

GATX Corporation (NYSEGATX) today reported 2022 fourth-quarter net income of $48.4 million or $1.36 per diluted share, compared to net income of $61.0 million or $1.69 per diluted share in the fourth quarter of 2021. The 2022 fourth-quarter results include a net negative impact from Tax Adjustments and Other Items of $0.18 per diluted share. The 2021 fourth-quarter results include a net positive impact from Tax Adjustments and Other Items of $0.11 per diluted share.

GATX Corporation (NYSEGATX) will report results for the 2022 fourth quarter prior to market open on Jan. 24, 2023. 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:

Thomas A. Ellman, executive vice president and chief financial officer, GATX Corporation (NYSEGATX), will present at the Stephens Annual Investment Conference on Wednesday, Nov. 16, 2022.

GATX Corporation (NYSEGATX) today announced that James B. Ream has been named as the Company’s independent chair of its board of directors, effective today. Mr. Ream succeeds Brian A. Kenney, who retired as the Company’s president and chief executive officer in April 2022 and who has served on the board as non-executive chair for a transitional period ending Oct. 31, 2022. The board previously announced its intention to separate the board chair and CEO roles following the transitional period.

The board of directors of GATX Corporation (NYSEGATX) today declared a quarterly dividend of $0.52 per common share, payable Dec. 31, 2022, to shareholders of record on Dec. 15, 2022. This quarterly dividend is unchanged from the prior quarter.

GATX Corporation (NYSEGATX) today reported 2022 third-quarter net income of $29.1 million, or $0.81 per diluted share, compared to net income of $40.1 million or $1.11 per diluted share in the third quarter of 2021. The 2022 third-quarter results include an impairment charge of $10.8 million, or $0.30 per diluted share, related to the Company’s decision to exit its rail business in Russia.

GATX Corporation (NYSEGATX) will report results for the 2022 third-quarter prior to market open on Oct. 25, 2022. 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:

GATX Corporation (NYSEGATX) has entered into a new long-term railcar supply agreement with a subsidiary of Trinity Industries, Inc. (“Trinity”) to purchase 15,000 newly built railcars through 2028, with an option to order up to an additional 500 railcars each year from 2023 to 2028.

Deborah A. Golden, executive vice president, general counsel and corporate secretary of GATX Corporation (NYSEGATX), has elected to retire effective Nov. 30, 2022. Ms. Golden joined GATX in 2006 as vice president and general counsel. Brian L. Glassberg, currently deputy general counsel of GATX, has been appointed executive vice president, general counsel and corporate secretary effective Dec. 1, 2022.

Trifleet Leasing Holding B.V. (“Trifleet”), a wholly owned subsidiary of Chicago-based GATX Corporation (NYSEGATX), announced that Erik Henstra has been appointed as Managing Director, effective Sept. 1.

Thomas A. Ellman, executive vice president and chief financial officer of GATX Corporation (NYSEGATX), will participate in a fireside chat at the Cowen Annual Global Transportation and Sustainable Mobility Virtual Conference on Wednesday, Sept. 7, 2022, at 9:20 a.m. EST.

The board of directors of GATX Corporation (NYSEGATX) today declared a quarterly dividend of $0.52 per common share, payable September 30, 2022, to shareholders of record on September 15, 2022. This quarterly dividend is unchanged from the prior quarter.

GATX Corporation (NYSEGATX) today reported 2022 second-quarter net income of $2.6 million, or $0.07 per diluted share, compared to net income of $5.5 million, or $0.15 per diluted share, in the second quarter of 2021. The 2022 second-quarter results include net negative impacts of $35.9 million, or $1.00 per diluted share, from Tax Adjustments and Other Items. The most significant item was an impairment charge associated with the Company’s planned sale of its five remaining marine vessels.

GATX Corporation (NYSEGATX) will report results for the 2022 second quarter prior to market open on July 21, 2022. 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:

Paul F. Titterton, executive vice president and president, Rail North America, GATX Corporation (NYSEGATX), will participate in a fireside chat at the 2022 Wells Fargo Industrials Conference on Wednesday, May 4, 2022, at 10:40 a.m. ET.

The board of directors of GATX Corporation (NYSEGATX) today declared a quarterly dividend of $0.52 per common share, payable June 30, 2022, to shareholders of record on June 15, 2022. This quarterly dividend is unchanged from the prior quarter.

GATX Corporation (NYSEGATX) today reported 2022 first-quarter net income of $75.8 million, or $2.10 per diluted share, compared to net income of $36.5 million, or $1.02 per diluted share, in the first quarter of 2021. The 2022 first-quarter results included a net negative impact of $11.5 million, or $0.32 per diluted share, attributed to a net impairment charge for aircraft spare engines in Russia at the Rolls-Royce and Partners Finance affiliates and a net positive impact of $3.0 million, or $0.08 per diluted share, related to an enacted tax rate reduction in Austria. Details related to these items are provided in the attached Supplemental Information under Tax Adjustments and Other Items.

GATX Corporation (NYSEGATX) will report results for the 2022 first quarter prior to market open on April 20, 2022. 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:

GATX Corporation (NYSEGATX) announced that Paul F. Titterton will be the next president of Rail North America, effective April 22, 2022. Mr. Titterton will succeed Robert C. Lyons, who as previously announced will assume the role of chief executive officer of GATX Corporation, effective the same date. Mr. Titterton, currently senior vice president and chief operating officer of Rail North America, will also be appointed an executive vice president of GATX Corporation on the transition date.

The board of directors of GATX Corporation (NYSEGATX) today declared a quarterly dividend of $0.52 per common share, payable Mar. 31, 2022, to shareholders of record on Feb. 25, 2022. GATX has paid quarterly dividends without interruption since 1919, and the dividend amount announced today represents a 4.0% increase from the prior year’s dividend.

GATX Corporation (NYSEGATX) today reported 2021 fourth-quarter and full-year results. Results for the fourth quarter and full year ending Dec. 31 are summarized below:

GATX Corporation (NYSEGATX) will report results for the 2021 fourth quarter prior to market open on Jan. 25, 2022. 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:

GATX Corporation (NYSEGATX) today announced Brian A. Kenney will retire as president and CEO, effective April 22, 2022. Mr. Kenney will continue to serve on GATX’s board of directors as non-executive chairman until October 31, 2022 to ensure a seamless transition. As part of a long-term succession planning process, the GATX board of directors has appointed Robert C. Lyons, GATX’s current executive vice president and president, Rail North America, as the Company’s next chief executive officer, effective April 22, 2022, and will nominate him for election to the board of directors at the 2022 Annual Meeting of Shareholders. Mr. Lyons currently leads the Company’s largest business and previously served as chief financial officer from 2004 to 2018.

GATX Corporation (NYSEGATX) today announced that Brian A. Kenney, president and chief executive officer, will present at Baird’s 2021 Global Industrial Conference on Thursday, Nov. 11, 2021. The presentation will include an overview of GATX’s operations.

The board of directors of GATX Corporation (NYSEGATX) today declared a quarterly dividend of $0.50 per common share, payable Dec. 31, 2021, to shareholders of record on Dec. 15, 2021. This quarterly dividend is unchanged from the prior quarter.

GATX Corporation (NYSEGATX) today reported 2021 third-quarter results. Results for the third quarter and nine months ended September 30, 2021 are summarized below:

GATX Corporation (NYSEGATX) will report results for the 2021 third quarter prior to market open on Oct. 21, 2021. 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:

GATX Corporation (NYSEGATX) today announced that Robert C. Lyons, executive vice president and president, Rail North America, will present at the Cowen Annual Global Transportation and Sustainable Mobility Virtual Conference on Wednesday, Sept. 8, 2021. The presentation will include an overview of GATX’s operations.