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GATX Corporation (NYSE: GATX) is a leading provider of railcar leasing and maintenance services, aspiring to be the finest railcar leasing company globally. Founded in 1898 and headquartered in Chicago, Illinois, GATX has been delivering high-quality railcars and services for over 118 years. The company operates through four primary business segments: Rail North America, Rail International, and Portfolio Management.
GATX controls one of the largest railcar lease fleets in the world, serving a variety of industries including refining and petroleum, chemicals and plastics, transportation, mining, and food and agriculture. The company's fleet comprises tank and freight railcars, which are leased across North America, Europe, and Asia.
GATX is committed to relentless execution and seamless service, powered by a diverse team of passionate professionals from finance, operations, engineering, manufacturing, sales, research, and technology. The company continually strives to meet the highest standards of service excellence for its customers, shareholders, employees, and the communities where it operates.
Recent achievements and ongoing projects underscore GATX's dedication to innovation and operational efficiency. The company remains focused on growing its leasing portfolio while maintaining financial stability and forging strategic partnerships to enhance service offerings. For more details, visit the company's website at www.gatx.com.
GATX reported strong financial performance for Q4 and full-year 2024. Q4 net income reached $76.5 million ($2.10 per diluted share), up from $66.0 million in Q4 2023. Full-year 2024 net income was $284.2 million ($7.78 per diluted share), compared to $259.2 million in 2023.
Rail North America maintained fleet utilization above 99%, with a Lease Price Index of 26.7% and renewal success rate of 89.1%. The company's total investment volume exceeded $1.6 billion in 2024. Rail International expanded significantly, with GATX Rail Europe and Rail India reaching 30,000 and 10,000 wagon milestones respectively.
Engine Leasing performed excellently due to strong global demand for aircraft engines. The company added 10 engines worth over $260 million to its portfolio, reaching a net book value of $930 million. GATX initiated 2025 earnings guidance of $8.30-$8.70 per diluted share.
GATX (NYSE: GATX) has announced it will release its 2024 fourth-quarter financial results before the market opens on January 23, 2025. The company will host a conference call at 11 a.m. Eastern Time on the same day to discuss the results.
Investors can participate via telephone using domestic (1-800-715-9871) or international (1-646-307-1963) dial-in numbers, or through a live webcast available on the company's website. A replay will be accessible from 2 p.m. Eastern Time on January 23, 2025.
GATX, headquartered in Chicago since 1898, specializes in leasing transportation assets including railcars, aircraft spare engines, and tank containers globally. The company has maintained an uninterrupted quarterly dividend payment since 1919.
GATX (NYSE: GATX) has been awarded the 2023 Responsible Care® Excellence in Partnership Award by the Chemistry Industry Association of Canada (CIAC). The recognition comes for GATX's contribution to CIAC's TRANSCAER initiative, which focuses on community awareness about hazardous materials transportation. GATX donated a safety training railcar to train emergency responders across Canada. The company is a Responsible Care Partner in both CIAC and American Chemistry Council programs, demonstrating its commitment to improving industry safety and sustainability. GATX, founded in 1898 and headquartered in Chicago, specializes in leasing transportation assets including railcars, aircraft spare engines, and tank containers globally.
GATX (NYSE: GATX) has declared a quarterly dividend of $0.58 per common share, maintaining the same amount as the previous quarter. The dividend will be payable on Dec. 31, 2024, to shareholders of record on Dec. 13, 2024. GATX, a Chicago-based transportation asset leasing company established in 1898, has maintained an uninterrupted quarterly dividend payment since 1919. The company specializes in leasing railcars, aircraft spare engines, and tank containers to customers worldwide.
GATX reported 2024 third-quarter net income of $89.0 million, or $2.43 per diluted share, compared to $52.5 million, or $1.44 per diluted share, in Q3 2023. Key highlights include:
- Rail North America's fleet utilization remains above 99%
- Aircraft spare engine portfolio continues strong performance
- Investment volume was $504.5 million in Q3, totaling over $1.3 billion year-to-date
- Company updates 2024 full-year earnings guidance to $7.50 – 7.70 per diluted share
Rail North America's renewal lease rate change was positive 26.6% with an average renewal term of 59 months. Rail International performed well with GATX Rail Europe's fleet utilization at 95.9% and GATX Rail India at 100%. Engine Leasing reported strong results driven by excellent performance at Rolls-Royce and Partners Finance affiliates.
GATX (NYSE: GATX) has announced its schedule for the 2024 third-quarter earnings release and conference call. The company will report results prior to market open on Oct. 22, 2024, followed by a conference call later that morning. Investors can participate via telephone or webcast.
The live teleconference will be held at 11 a.m. Eastern Time. Domestic callers can dial 1-800-715-9871, while international callers should use 1-646-307-1963. A live webcast will be available on www.gatx.com. A replay will be accessible starting at 2 p.m. Eastern Time on the same day.
GATX , headquartered in Chicago since 1898, leases transportation assets including railcars, aircraft spare engines, and tank containers worldwide. The company has maintained an uninterrupted quarterly dividend since 1919.
GATX (NYSE: GATX), a global leader in transportation asset leasing, has appointed Christopher LaHurd as senior vice president, international. LaHurd will focus on developing and implementing strategic initiatives to capitalize on growth opportunities in the European rail market. He will work closely with Johann Feindert, CEO of GATX Rail Europe, to drive momentum in their European railcar leasing and maintenance platform, which has a fleet approaching 30,000 wagons.
LaHurd, who joined GATX in 2008, has served in various finance and business development roles, most recently as vice president of international business development. This appointment aligns with GATX's mission to provide innovative, unparalleled service in transporting goods safely and sustainably while supporting employee and community well-being.
GATX (NYSE: GATX) has announced its quarterly dividend of $0.58 per common share, payable on September 30, 2024, to shareholders of record on September 13, 2024. This dividend remains unchanged from the previous quarter. GATX, founded in 1898 and headquartered in Chicago, has maintained an uninterrupted quarterly dividend since 1919.
The company specializes in leasing transportation assets, including railcars, aircraft spare engines, and tank containers to customers worldwide. GATX's mission focuses on providing innovative and unparalleled service, enabling safe and sustainable transportation while supporting employee and community well-being.
GATX reported 2024 second-quarter net income of $44.4 million, or $1.21 per diluted share, compared to $63.3 million, or $1.74 per diluted share, in Q2 2023. The company reiterated its 2024 full-year earnings guidance of $7.30–$7.70 per diluted share. Key highlights include:
- Rail North America's fleet utilization remained high at 99.3%
- Renewal lease rate change was positive 29.4% with an average renewal term of 61 months
- Investment volume was $442.0 million in Q2 and $820.6 million year-to-date
- Rail International's fleet utilization was 95.8% for GATX Rail Europe and 100% for Rail India
- Engine Leasing performed well with strong demand for aircraft spare engines
GATX (NYSE: GATX) will announce its 2024 second-quarter earnings on July 23, 2024, before the market opens. A conference call to discuss the results will follow at 11 a.m. Eastern Time. Investors can access the call via telephone or through a live webcast on the company's website. Replay options will be available starting at 2 p.m. the same day. GATX leases transportation assets, including railcars and aircraft spare engines, and has a long-standing history of consistent dividend payments since 1919.
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