Welcome to our dedicated page for GATX Corporation news (Ticker: GATX), a resource for investors and traders seeking the latest updates and insights on GATX Corporation stock.
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 Corporation (NYSE:GATX) announces that Brian A. Kenney will retire as CEO on April 22, 2022, transitioning to non-executive chairman until October 31, 2022. Robert C. Lyons, the current EVP and president of Rail North America, has been appointed as CEO-elect, effective April 22, 2022. The board emphasizes a thoughtful succession process and expresses confidence in Mr. Lyons, citing his strategic involvement and operational skills. Kenney lauds the company's achievements and looks forward to collaborating with Lyons in future endeavors.
GATX Corporation (NYSE:GATX) announced that Brian A. Kenney, president and CEO, will present at Baird’s 2021 Global Industrial Conference on Thursday, Nov. 11, 2021, at 2 p.m. Eastern Time. The presentation aims to provide an overview of GATX’s operations.
Investors can access the live webcast via www.gatx.com, starting 15 minutes before the event. Presentation slides will be available beforehand. GATX, headquartered in Chicago, Illinois, has been a leader in railcar leasing for over 120 years.
The board of directors of GATX Corporation (NYSE:GATX) has announced a quarterly dividend of $0.50 per common share, to be paid on December 31, 2021. Shareholders on record as of December 15, 2021 will receive this dividend, which remains unchanged from the previous quarter. GATX has a significant history in railcar leasing, serving customers for over 120 years from its headquarters in Chicago, Illinois.
GATX Corporation (NYSE: GATX) reported a net income of $40.1 million, or $1.11 per diluted share, for Q3 2021, a decrease from $48.2 million ($1.36 per share) in Q3 2020. Year-to-date net income from continuing operations dropped to $82.1 million, down from $132.4 million in the previous year. Fleet utilization improved to 99.2%, while renewal lease rates decreased by 8.1%. The company maintains its 2021 full-year earnings guidance of $4.30 to $4.50 per diluted share, excluding tax adjustments. Segment profits increased in Rail North America and Rail International.
GATX Corporation (NYSE:GATX) will report its Q3 2021 results on October 21, 2021, ahead of market open. A related conference call will be held the same day at 11 a.m. ET. Investors can access the call via phone or through a live webcast at www.gatx.com. The replay will be available starting at 2 p.m. ET the same day. GATX, a leading railcar leasing company based in Chicago, Illinois, continually aims to provide excellent service to its customers and shareholders.
GATX Corporation (NYSE:GATX) announced that Robert C. Lyons, Executive Vice President and President of Rail North America, will present at the Cowen Annual Global Transportation and Sustainable Mobility Virtual Conference on September 8, 2021, at 10 a.m. Eastern Time. The presentation will cover an overview of GATX’s operations. Interested parties can access the live webcast by visiting www.gatx.com at least 15 minutes before the start. Presentation slides will also be available on GATX's website prior to the event.
On July 30, 2021, GATX Corporation announced a quarterly dividend of $0.50 per common share, payable on September 30, 2021, to shareholders of record by September 15, 2021. This dividend remains unchanged from the previous quarter, reflecting the company's commitment to returning value to shareholders. With over 120 years in the railcar leasing industry, GATX continues to strive for excellence in its services and operations.
GATX Corporation reported second-quarter 2021 net income of $5.5 million, or $0.15 per diluted share, significantly lower than $37.0 million, or $1.05 per diluted share, year-over-year. The results include a negative impact of $39.7 million due to a tax rate increase in the UK and $3.4 million related to debt extinguishment. Despite these challenges, the company increased its full-year earnings guidance to $4.30-$4.50 per diluted share. Rail North America posted a segment profit of $77.6 million, reflecting higher asset disposition gains. However, Portfolio Management profits declined due to lower earnings from affiliates.
GATX Corporation (NYSE:GATX) is set to report its second quarter 2021 results on July 20, 2021, prior to market opening. A conference call to discuss the results will take place the same day at 11 a.m. Eastern Time, accessible via phone or webcast. Investors can listen to the call by dialing in or visiting GATX's website. The company also emphasizes its longstanding reputation as a leading railcar leasing provider, serving customers for over 120 years from its Chicago headquarters. For further details, visit the Investor Relations section on GATX's website.
FAQ
What is the current stock price of GATX Corporation (GATX)?
What is the market cap of GATX Corporation (GATX)?
What services does GATX Corporation provide?
In which regions does GATX operate?
Which industries does GATX serve?
How long has GATX been in business?
Where is GATX headquartered?
What types of railcars does GATX lease?
What is GATX's mission?
How can I get more information about GATX?
Does GATX have any recent achievements?
What is GATX's approach to service?
