GATX Corporation - GATX STOCK NEWS

The board of directors of GATX Corporation (NYSE:GATX) has declared a quarterly dividend of $0.52 per common share, set to be paid on December 31, 2022. Shareholders of record will be those on December 15, 2022. This dividend remains consistent with the previous quarter's amount. GATX has a long-standing history of uninterrupted quarterly dividend payments since 1919, underlining its commitment to shareholder returns.

GATX Corporation (NYSE:GATX) reported third-quarter 2022 net income of $29.1 million, or $0.81 per diluted share, down from $40.1 million or $1.11 per diluted share in Q3 2021. The results include a $10.8 million impairment charge from exiting the rail business in Russia. Year-to-date net income reached $107.5 million, compared to $82.1 million in 2021. Fleet utilization remained high at 99.6% for Rail North America, while Rail International reported a drop in segment profit to $14.5 million. GATX expects full-year earnings at the upper end of its guidance of $5.60 to $6.00 per diluted share.

GATX Corporation (NYSE:GATX) will report its third-quarter 2022 results on October 25, 2022, before the market opens. A conference call will occur at 11 a.m. ET to discuss the results, with options for participation via phone or webcast. The dial-in numbers include 1-888-660-6118 (domestic) and 1-929-203-1802 (international). Replay options start at 2 p.m. ET on the same day. GATX has a long-standing history, having paid dividends uninterrupted since 1919.

GATX Corporation (NYSE:GATX) has secured a long-term railcar supply agreement with Trinity Industries, Inc. to purchase 15,000 newly built railcars by 2028, with an option for an additional 500 railcars annually. The deal includes 6,000 tank cars, delivered at 1,200 per year starting in 2024, plus 9,000 mixed freight and tank cars delivered at a rate of 1,500 cars per year. This agreement ensures GATX's access to modern railcars, aligning with their base fleet reinvestment strategy in North America through 2028.

GATX Corporation announces the retirement of Deborah A. Golden, executive vice president, general counsel, and corporate secretary, effective November 30, 2022. Ms. Golden has been with GATX since 2006, playing a vital role in the company’s success. Brian L. Glassberg, deputy general counsel, has been appointed to succeed her starting December 1, 2022. Brian has vast experience with GATX since 2011 and has contributed to several strategic initiatives. His promotion is expected to ensure continuity in legal and compliance functions as GATX expands globally.

GATX Corporation (NYSE:GATX) has announced the appointment of Erik Henstra as Managing Director of its subsidiary Trifleet Leasing, effective September 1. Henstra brings extensive international experience in asset leasing, having previously held senior roles at LeasePlan. His focus will be on building sustainable business models and enhancing customer service. This leadership change aims to drive Trifleet's growth while maintaining high service standards. GATX continues to provide innovative leasing solutions across various transport assets, including tank containers.

GATX Corporation (NYSE:GATX) announced that Thomas A. Ellman, CFO, will speak at the Cowen Annual Global Transportation and Sustainable Mobility Virtual Conference on September 7, 2022, at 9:20 a.m. EST. Investors can access a live webcast on GATX's website, which will be archived for 90 days. GATX leases transportation assets globally, emphasizing safe and sustainable services while supporting employee and community well-being. Investors are encouraged to check GATX's Investor Relations page for important updates and information.

Kansas City Southern, Canadian Pacific, and GATX have launched the Save the Monarch Butterfly 60,000 Tree Challenge to raise $100,000. The funds will plant 60,000 oyamel trees at El Rosario Monarch Butterfly Sanctuary in Mexico to combat declining monarch populations. The challenge follows the International Union for Conservation of Nature's recent endangered listing for the migratory monarch. The initiative includes a boxcar tour across North America to raise awareness and funds.

The board of directors of GATX Corporation (NYSE:GATX) has declared a quarterly dividend of $0.52 per common share, payable on September 30, 2022, to shareholders of record on September 15, 2022. This dividend remains unchanged from the previous quarter. GATX specializes in leasing transportation assets such as railcars and tank containers, focusing on safe and sustainable operations. Founded in 1898, GATX is headquartered in Chicago, Illinois.