GATX Related Content

GATX Q3 Earnings Reflect “Challenging Conditions”

GATX reported Q3/17 net income of $49.0 million compared to net income of $95.7 million in Q3/16. CEO Brian Kenney said, “Challenging conditions continue in the NA railcar leasing market." read more

GATX to Expand Terre Haute Ops into Midwest Maintenance Hub

GATX announced plans to expand its Terre Haute operations into a full-scale Midwest maintenance hub making this the company’s only full-scale service center in the Midwest. 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 Receives Award from American Chemistry Council

GATX received a Responsible Care 2017 Partner of the Year Award from the American Chemistry Council. The award was presented to GATX at the ACC’s annual Responsible Care Conference and Expo in Miami. read more

GATX Reports Q1 Earnings Slip on Railcar Oversupply, Backlog

GATX reported Q1/17 net income of $57.5 million was down 17% from $69.3 million in Q1/16. The railcar lessor noted, “continued railcar oversupply, manufacturing backlog and low fleet utilization combined to prevent lease rate improvement in Q1.” read more

North American Railcar Leasing Market to Grow 9.01% by 2021

According to new research from Market Reports World, the railcar leasing market in North America is expected to grow at a CAGR of 9.01% from 2017 to 2021. 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 Q3 Earnings More than Double Helped by Residual Sharing Fee

GATX reported Q3/16 earnings of $95.7 million were up 142% from $39.5 million a year earlier. The railcar lessor noted Q3 results included a $49.1 million pretax residual sharing fee settlement. read more

GATX 35% Q2 Earnings Increase Driven by Asset Dispositions

GATX reported Q2/16 earnings of $61.2 million, up 35% compared to earnings of $45.4 million a year earlier. The company noted a net year-over-year gain of $28.2 million on asset dispositions. read more

GATX Announces Change of Ticker Symbol

GATX will change the ticker symbol of its common stock, listed on the New York Stock Exchange from “GMT” to “GATX.” The change will become effective at the start of trading on July 1, 2016. read more

Citigroup, Merrill Lynch Lead $600MM Revolver for GATX

GATX closed a $600 million revolving credit facility available for a term running through May 26, 2021. Citigroup Global Markets and Merrill Lynch, Pierce, Fenner & Smith served as joint lead arrangers and joint bookrunners. read more

GATX Q1 Earnings Up 11% Y/Y, Investment Volume Lower

GATX reported Q1/16 net income of $69.3 million was up 11.4% from net income of $62.2 million in the same quarter one-year ago. Overall investment volume of $140.2 million was down 22.5% from $180.9 million in Q1/15. 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

GATX FY/15 Rail North America Segment Profit Up 18%

GATX reported its Rail North America segment full-year 2015 segment profit of $380 million was up 18% from $321 million a year earlier. read more

GATX Reports Lower Q3 Earnings on Marine Exit Strategy

GATX reported Q3/15 earnings of $39.5 million was down from $51.3 million a year earlier primarily as a result of an after-tax loss of $26.6 million related to the company¡¯s decision to exit the majority of its marine investments. read more

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