Brian A. Kenney Related Content

GATX Acquires Trifleet Leasing for $215.17MM

GATX acquired Trifleet Leasing, the fourth largest global tank container lessor, for approximately €175 million ($215.17 million) in cash. read more

GATX Reports Y/Y Increase in Q3 Net Income, Dip in Fleet Utilization

GATX reported Q3/20 net income was $48.2 million compared with net income from continuing operations of $37.2 million in Q3/19. Railcar North America fleet utilization was 98.2% at the end of Q3/20 compared with 98.7% at the end of the prior quarter and 99.2% at the end of Q3/19. read more

GATX 2019 Net Income Holds Steady Despite Railcar Oversupply

GATX reported 2019 Q4/19 net income of $56.6 million compared to net income of $49.2 million in Q4/18. Net income for the full-year 2019 was $211.2 million compared to $211.3 million in the prior year. read more

GATX YTD Earnings Higher Despite Cost of Foreign Facility Closure

GATX reported year-to-date through September 2018 net income was $162.1 million, up from $159.9 million a year earlier. GATX noted results included the $5.8 million cost of a facility closure in Germany during Q2/18. read more

GATX YTD Earnings Higher Despite Cost of Facility Closure in Germany

GATX’s earnings for the first six months of 2018 were $115.1 million, up from $110.9 million a year earlier. A $15.3 million year-over-year increase on asset dispositions more than offset the impact of the $5.8 million expense to close a railcar maintenance facility in Germany. read more

GATX Rail North America Segment Profit Exceeds $100MM

GATX Rail North America reported segment profit of $108.9 million in Q1/18, compared to $93.0 million in Q1/17. read more

GATX Q4/17 Income Jumps to $342.1MM Aided by Tax Benefit

GATX reported Q4/17 net income of $342.1 million, compared to net income of $30.9 million in Q4/16. GATX recorded a one-time non-cash net tax benefit of $315.9 million due to the Tax Cuts and Jobs Act. read more

GATX Q2/17 Earnings Reflect ‘Significant Oversupply of Existing Railcars’

In GATX’s Q2/17 earnings report, President and CEO Brian Kenney noted the recovery of the North American railcar leasing market “continues to be hampered by a significant oversupply of existing railcars.” read more

GATX FY/16 Rail North America Segment Profit Down 15.2%

In its Q4/16 earnings release, GATX reported Rail North America segment profit of $321.9 million in 2016, compared to $379.5 million in 2015. read more

GATX Announces Quarterly Dividend Increase, $300MM Stock Repurchase

GATX declared a quarterly dividend of $0.40 per common share, payable March 31, 2016, to shareholders of record on February 26, 2016. It also approved a $300 million share repurchase authorization. read more

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