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Posted by Defense World Staff on Aug 6th, 2026

Bank of America Corp DE lifted its stake in GATX Corporation (NYSE:GATX – Free Report) by 0.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,005,419 shares of the transportation company’s stock after acquiring an additional 7,867 shares during the period. Bank of America Corp DE owned approximately 2.83% of GATX worth $171,665,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Larson Financial Group LLC lifted its position in shares of GATX by 364.5% in the 3rd quarter. Larson Financial Group LLC now owns 144 shares of the transportation company’s stock worth $25,000 after acquiring an additional 113 shares during the period. Caitong International Asset Management Co. Ltd acquired a new position in shares of GATX in the fourth quarter valued at $27,000. Los Angeles Capital Management LLC bought a new position in GATX in the fourth quarter worth $27,000. Rothschild Investment LLC boosted its stake in GATX by 127.6% during the fourth quarter. Rothschild Investment LLC now owns 173 shares of the transportation company’s stock worth $29,000 after buying an additional 97 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new stake in GATX during the fourth quarter worth $33,000. 93.14% of the stock is owned by institutional investors.

GATX Stock Performance NYSE:GATX opened at $179.21 on Thursday. The stock has a market capitalization of $6.33 billion, a P/E ratio of 17.74 and a beta of 1.17. The company has a current ratio of 3.90, a quick ratio of 3.91 and a debt-to-equity ratio of 3.44. GATX Corporation has a 1 year low of $150.42 and a 1 year high of $205.56. The firm has a 50 day moving average of $176.81 and a 200-day moving average of $180.73.

GATX (NYSE:GATX – Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The transportation company reported $2.84 earnings per share for the quarter, beating analysts’ consensus estimates of $2.46 by $0.38. GATX had a return on equity of 10.43% and a net margin of 17.94%.The firm had revenue of $580.10 million during the quarter, compared to analysts’ expectations of $598.77 million. During the same period last year, the firm posted $2.06 EPS. The business’s revenue was up 34.8% on a year-over-year basis. GATX has set its FY 2026 guidance at 9.900-10.30 EPS. As a group, sell-side analysts anticipate that GATX Corporation will post 10.1 EPS for the current fiscal year.

GATX Announces Dividend The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be given a $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 1.5%. The ex-dividend date is Tuesday, September 15th. GATX’s dividend payout ratio (DPR) is presently 26.14%.

Wall Street Analyst Weigh In A number of equities analysts have recently issued reports on the stock. The Goldman Sachs Group restated a “buy” rating and issued a $222.00 price objective on shares of GATX in a research note on Thursday, May 7th. Susquehanna upped their target price on shares of GATX from $218.00 to $220.00 and gave the company a “positive” rating in a research note on Friday, July 31st. Citigroup upped their target price on shares of GATX from $214.00 to $215.00 and gave the company a “buy” rating in a research note on Monday. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of GATX in a research report on Friday, July 17th. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $219.00.

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GATX Profile (Free Report)

GATX Corporation (NYSE: GATX) is a global railcar leasing and asset management company headquartered in Chicago, Illinois. Founded in 1898 as General American Transportation Corporation, GATX has grown into one of the world’s leading lessors of railcars, marine vessels and industrial assets. The company’s core business focuses on leasing and managing high-value equipment for customers in the energy, industrial, chemical, agricultural and metals markets.

In its Rail North America segment, GATX owns and manages a diverse fleet of more than 60,000 railcars, including tank cars, covered hoppers, boxcars and flatcars.

Featured Stories Five stocks we like better than GATX SpaceX: Love the Company, But the Stock Is a Harder Call Ulta’s Growth Is Real, But So Are the Risks BWX Technologies Is Turning the AI Power Problem Into a Nuclear Growth Story Meta’s Earnings Drop Shows Wall Street Wants More Than Ad Growth Want to see what other hedge funds are holding GATX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for GATX Corporation (NYSE:GATX – Free Report).

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CHICAGO--(BUSINESS WIRE)--GATX Corporation (NYSE: GATX), a leading global lessor of transportation assets, today announced that Eren Doygun has been appointed senior vice president, chief planning and investment officer, effective immediately. In this role, Mr. Doygun will lead GATX’s strategic planning and operational finance functions, including financial planning and analysis, valuation, and investment analysis and governance activities. He will be responsible for aligning financial and strategic planning with the Company’s growth objectives and supporting investment decision-making.

“I am pleased to announce Eren’s promotion,” said Thomas A. Ellman, executive vice president and chief financial officer of GATX Corporation. “Throughout his 20-year career at GATX, Eren has established himself as a seasoned leader with a proven track record in investment analysis and financial and strategic planning. His deep understanding of our business and analytical rigor make him well-suited to lead our planning and investment activities.”

Mr. Doygun joined GATX Corporation in 2006 and has held a series of finance leadership positions with increasing responsibility. Most recently, he served as vice president of financial planning and analysis. Mr. Doygun received his Bachelor of Science in Mechanical Engineering from Yildiz Technical University, Istanbul, and his Master of Business Administration from San Francisco State University.

COMPANY DESCRIPTION

At GATX Corporation (NYSE: GATX), we empower our customers to propel the world forward. GATX leases transportation assets including railcars, aircraft spare engines and tank containers to customers worldwide. Our mission is to provide innovative, unparalleled service that enables our customers to transport what matters safely and sustainably while championing the well-being of our employees and communities. Headquartered in Chicago, Illinois since its founding in 1898, GATX has paid a quarterly dividend, uninterrupted, since 1919.

AVAILABILITY OF INFORMATION ON GATX'S WEBSITE

Investors and others should note that GATX routinely announces material information to investors and the marketplace using SEC filings, press releases, public conference calls, webcasts and the GATX Investor Relations website. While not all of the information that the Company posts to the GATX Investor Relations website is of a material nature, some information could be deemed to be material. Accordingly, the Company encourages investors, the media and others interested in GATX to review the information that it shares on www.gatx.com under the “Investors” tab.

More News From GATX Corporation

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The board of directors of GATX Corporation (NYSE: GATX) today declared a quarterly dividend of $0.66 per common share, payable September 30, 2026, to shareholde

3 transportation stocks gearing up for a new rallyGATX NYSE: GATX reported second-quarter 2026 diluted earnings per share of $2.84, up from $2.06 a year earlier, and raised its full-year earnings guidance to a range of $9.90 to $10.30 per share. Year-to-date diluted EPS was $5.19, compared with $4.21 in the first half of 2025.

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Management attributed the higher outlook to strong year-to-date results, favorable market conditions in Rail North America and engine leasing, benefits from the Wells Fargo Rail acquisition and a positive outlook across its businesses.

Rail North America Maintains High Utilization Rail North America fleet utilization remained high at 98% at quarter end, while GATX reported an 82.6% lease renewal success rate. The company’s lease price index increased 16.8%, with an average renewal term of 54 months.

Paul Titterton, executive vice president and president of Rail North America, said favorable supply-demand conditions continued to support renewal economics across most railcar types. Management said the second-quarter lease price index was affected by a higher-than-expected volume of sand-car renewals from the Wells Fargo portfolio.

Robert Lyons, GATX’s president and chief executive officer, said the company had expected some of those cars to come off lease, which would have removed them from the lease price index calculation. Instead, more cars were renewed than anticipated, a result he described as economically beneficial over the long term despite its effect on the index.

Management did not provide railcar-type-specific lease pricing details, citing the competitive nature of the market. Titterton said GATX expected continued sand-car exposure for the rest of the year but said the activity was consistent with the company’s expectations when it acquired the Wells Fargo fleet.

The company placed about 9,500 railcars under its 2022 Trinity supply agreement, with the earliest available scheduled delivery under that agreement in the first quarter of 2027. Titterton said a long-term supply agreement remains a core part of GATX’s sourcing strategy, though the company did not discuss specific plans to renew its existing agreement.

Remarketing Gains Support Results and Guidance Strong secondary-market demand contributed to meaningful asset remarketing activity during the quarter. GATX reported gains on asset dispositions of $67.7 million in the second quarter and $117.5 million for the first half of the year.

Lyons said gains from the Wells Fargo-related joint venture were tracking in line with the company’s full-year expectation of about $70 million. Meanwhile, gains from GATX’s legacy portfolio were running ahead of expectations, and management said they could exceed the company’s initial $130 million outlook for the full year.

Tom Ellman, executive vice president and chief financial officer, said the company was roughly at or slightly above its initial full-year expectations across several major metrics at midyear. He cited stronger-than-anticipated remarketing income and segment profit in Rail North America and engine leasing as key drivers of the increased earnings guidance.

Management also said the Wells Fargo Rail acquisition was contributing more than initially anticipated. GATX had previously expected the transaction to add roughly $0.20 to $0.30 per share in 2026. Ellman said the company now expects the contribution to be at least double that original estimate, supported by management fees, day-to-day portfolio performance and potential asset-sale-related fees.

GATX exercised its first option to acquire an additional interest in the Wells Fargo-related joint venture on June 30. The purchase represented 3.5% of the joint venture and had a total cash outlay of $66 million. Lyons said the company expects to exercise future options, though they remain subject to annual review.

Maintenance and Fleet Strategy Rail North America maintenance expense was approximately $250 million through the first half, in line with GATX’s expectation of roughly $500 million for the full year. Ellman said quarterly maintenance spending may vary, but the company remained on track for its annual target.

GATX said it is already seeing benefits from applying its maintenance-management processes to the Wells Fargo portfolio’s third-party maintenance network. However, Lyons said it may take about two years before the company has capacity to move some Wells Fargo railcars through its own maintenance facilities, which are currently operating at full capacity with GATX’s legacy fleet.

Management emphasized that it is focused on optimizing portfolio economics rather than targeting a specific fleet size. Lyons said GATX will continue to sell assets when secondary-market demand makes doing so attractive and will add railcars when purchase prices, financing costs and leasing demand support investment returns.

Titterton said North American railcar market conditions remain supported by a shrinking overall railcar fleet and improving railcar loadings, particularly in intermodal, agricultural and chemical markets. He also cited tighter trucking capacity as a favorable factor, while noting uncertainty in the broader economic environment.

International Rail and Engine Leasing GATX Rail Europe ended the quarter with 95.3% utilization despite what management described as challenging economic conditions. GATX Rail India’s fleet was fully utilized as demand remained robust. Rail International investment volume totaled approximately $46 million during the quarter, reflecting new railcar deliveries in Europe and India.

Lyons said Rail International segment profit could come in somewhat below the company’s initial expectation of about $130 million, though he said the difference was not significant enough to affect the revised full-year guidance.

Engine leasing delivered what management called excellent second-quarter results, supported by favorable market fundamentals and continued air-travel trends that drove demand for spare aircraft engines. GATX also identified investment opportunities through its 50/50 joint venture with Rolls-Royce.

Ellman said year-to-date engine leasing results were driven approximately 70% by operating income and 30% by remarketing activity. He also noted that other income in the segment included maintenance reserve releases, which can be uneven from quarter to quarter and should not be viewed as a recurring quarterly run rate.

Lyons said GATX does not currently plan to add engines to its wholly owned engine portfolio in 2026, though the company may pursue selective opportunities. He said the existing portfolio, which exceeds $1 billion of investment, is expected to remain a strong, high-return asset base over time.

About GATX (NYSE:GATX)GATX Corporation NYSE: GATX is a global railcar leasing and asset management company headquartered in Chicago, Illinois. Founded in 1898 as General American Transportation Corporation, GATX has grown into one of the world's leading lessors of railcars, marine vessels and industrial assets. The company's core business focuses on leasing and managing high-value equipment for customers in the energy, industrial, chemical, agricultural and metals markets.

In its Rail North America segment, GATX owns and manages a diverse fleet of more than 60,000 railcars, including tank cars, covered hoppers, boxcars and flatcars.

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CHICAGO--(BUSINESS WIRE)--GATX Corporation (NYSE: GATX) will report 2026 second-quarter results prior to market open on July 30, 2026. GATX will hold a conference call later that morning to review the results. Investors can access the call by telephone or webcast as follows: Live Teleconference Date: July 30, 2026 Time: 11 a.m. Eastern Time Domestic Dial-In: 1 (833) 461-5787 International Dial-In: 1 (585) 542-9983 Access Code: 580 832 623 Live Webcast: www.gatx.com To participate by phone, plea.

Posted by Defense World Staff on Apr 7th, 2026

Allspring Global Investments Holdings LLC lessened its holdings in GATX Corporation (NYSE:GATX – Free Report) by 35.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,778 shares of the transportation company’s stock after selling 16,030 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.08% of GATX worth $4,916,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in GATX. Alliancebernstein L.P. boosted its holdings in GATX by 681.7% in the third quarter. Alliancebernstein L.P. now owns 574,333 shares of the transportation company’s stock worth $100,393,000 after purchasing an additional 500,857 shares during the period. Squarepoint Ops LLC boosted its holdings in GATX by 429.5% in the second quarter. Squarepoint Ops LLC now owns 187,835 shares of the transportation company’s stock worth $28,844,000 after purchasing an additional 152,361 shares during the period. Encompass Capital Advisors LLC acquired a new position in GATX in the second quarter worth $23,025,000. Steadfast Capital Management LP acquired a new position in GATX in the third quarter worth $24,489,000. Finally, Marshall Wace LLP lifted its stake in GATX by 205.4% in the second quarter. Marshall Wace LLP now owns 128,192 shares of the transportation company’s stock valued at $19,685,000 after buying an additional 86,215 shares during the last quarter. Institutional investors and hedge funds own 93.14% of the company’s stock.

GATX Stock Performance GATX stock opened at $172.81 on Tuesday. The company has a debt-to-equity ratio of 3.45, a quick ratio of 16.31 and a current ratio of 16.31. The stock has a market capitalization of $6.14 billion, a price-to-earnings ratio of 18.95 and a beta of 1.22. GATX Corporation has a 1 year low of $139.44 and a 1 year high of $199.00. The stock’s fifty day moving average is $180.17 and its two-hundred day moving average is $172.46.

GATX (NYSE:GATX – Get Free Report) last posted its earnings results on Thursday, February 19th. The transportation company reported $2.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.42 by $0.02. The company had revenue of $449.00 million for the quarter, compared to analysts’ expectations of $443.67 million. GATX had a return on equity of 11.05% and a net margin of 19.15%.The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same period last year, the business posted $1.93 earnings per share. GATX has set its FY 2026 guidance at 9.500-10.100 EPS. On average, research analysts predict that GATX Corporation will post 8.5 EPS for the current year.

GATX Increases Dividend The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Monday, March 2nd were issued a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 1.5%. This is a positive change from GATX’s previous quarterly dividend of $0.61. The ex-dividend date of this dividend was Monday, March 2nd. GATX’s dividend payout ratio is 28.95%.

Insider Activity In other news, VP Robert Zmudka sold 5,200 shares of the firm’s stock in a transaction on Friday, February 20th. The stock was sold at an average price of $192.61, for a total transaction of $1,001,572.00. Following the transaction, the vice president directly owned 7,493 shares of the company’s stock, valued at approximately $1,443,226.73. This trade represents a 40.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Jeffery R. Young sold 2,595 shares of the firm’s stock in a transaction on Friday, February 20th. The shares were sold at an average price of $196.29, for a total value of $509,372.55. Following the transaction, the senior vice president directly owned 7,700 shares in the company, valued at $1,511,433. This trade represents a 25.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 9,795 shares of company stock valued at $1,907,525. Company insiders own 1.86% of the company’s stock.

Analysts Set New Price Targets A number of equities research analysts have issued reports on the company. Weiss Ratings reiterated a “buy (b)” rating on shares of GATX in a research note on Thursday, January 22nd. Susquehanna raised their target price on GATX from $212.00 to $220.00 and gave the company a “positive” rating in a research note on Friday, February 20th. Citigroup cut GATX from a “buy” rating to a “neutral” rating and raised their target price for the company from $197.00 to $210.00 in a research note on Tuesday, February 24th. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $204.00 target price on shares of GATX in a research note on Wednesday, January 14th. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, GATX has a consensus rating of “Moderate Buy” and an average price target of $211.33.

View Our Latest Stock Analysis on GATX

GATX Profile (Free Report)

GATX Corporation (NYSE: GATX) is a global railcar leasing and asset management company headquartered in Chicago, Illinois. Founded in 1898 as General American Transportation Corporation, GATX has grown into one of the world’s leading lessors of railcars, marine vessels and industrial assets. The company’s core business focuses on leasing and managing high-value equipment for customers in the energy, industrial, chemical, agricultural and metals markets.

In its Rail North America segment, GATX owns and manages a diverse fleet of more than 60,000 railcars, including tank cars, covered hoppers, boxcars and flatcars.

Read More Five stocks we like better than GATX Want to see what other hedge funds are holding GATX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for GATX Corporation (NYSE:GATX – Free Report).

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Posted by Defense World Staff on Apr 15th, 2026

GATX (NYSE:GATX – Get Free Report) is expected to be announcing its Q1 2026 results before the market opens on Wednesday, April 22nd. Analysts expect the company to announce earnings of $2.41 per share and revenue of $608.3690 million for the quarter. GATX has set its FY 2026 guidance at 9.500-10.100 EPS. Investors are encouraged to explore the company’s upcoming Q1 2026 earning overview page for the latest details on the call scheduled for Tuesday, April 21, 2026 at 12:30 PM ET.

GATX (NYSE:GATX – Get Free Report) last posted its quarterly earnings results on Thursday, February 19th. The transportation company reported $2.44 earnings per share for the quarter, beating analysts’ consensus estimates of $2.42 by $0.02. GATX had a return on equity of 11.05% and a net margin of 19.15%.The firm had revenue of $449.00 million for the quarter, compared to the consensus estimate of $443.67 million. During the same period in the previous year, the business earned $1.93 earnings per share. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year.

GATX Stock Up 0.8% GATX stock opened at $196.00 on Wednesday. The company has a debt-to-equity ratio of 3.45, a current ratio of 16.31 and a quick ratio of 16.31. GATX has a 1-year low of $140.75 and a 1-year high of $199.00. The company has a market cap of $6.96 billion, a PE ratio of 21.49 and a beta of 1.22. The stock’s 50 day moving average price is $181.06 and its 200 day moving average price is $173.08.

GATX Increases Dividend The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Monday, March 2nd were paid a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a dividend yield of 1.3%. This is a boost from GATX’s previous quarterly dividend of $0.61. The ex-dividend date was Monday, March 2nd. GATX’s dividend payout ratio (DPR) is presently 28.95%.

Wall Street Analysts Forecast Growth A number of analysts recently weighed in on GATX shares. Citigroup upgraded GATX from a “neutral” rating to a “buy” rating and lifted their price target for the company from $210.00 to $211.00 in a research note on Wednesday, April 8th. Susquehanna boosted their target price on GATX from $212.00 to $220.00 and gave the stock a “positive” rating in a research report on Friday, February 20th. The Goldman Sachs Group reiterated a “buy” rating and set a $204.00 target price on shares of GATX in a research report on Wednesday, January 14th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of GATX in a research report on Thursday, January 22nd. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $211.67.

Check Out Our Latest Analysis on GATX

Insider Buying and Selling In other GATX news, EVP Brian L. Glassberg sold 2,000 shares of the company’s stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $198.29, for a total transaction of $396,580.00. Following the completion of the sale, the executive vice president directly owned 7,041 shares in the company, valued at $1,396,159.89. This represents a 22.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Robert Zmudka sold 5,200 shares of the company’s stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $192.61, for a total value of $1,001,572.00. Following the sale, the vice president owned 7,493 shares of the company’s stock, valued at $1,443,226.73. This represents a 40.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 9,795 shares of company stock worth $1,907,525. 1.86% of the stock is owned by company insiders.

Institutional Investors Weigh In On GATX Several institutional investors and hedge funds have recently added to or reduced their stakes in GATX. Alliancebernstein L.P. increased its stake in GATX by 681.7% during the third quarter. Alliancebernstein L.P. now owns 574,333 shares of the transportation company’s stock worth $100,393,000 after acquiring an additional 500,857 shares during the last quarter. Squarepoint Ops LLC increased its stake in GATX by 429.5% during the second quarter. Squarepoint Ops LLC now owns 187,835 shares of the transportation company’s stock worth $28,844,000 after acquiring an additional 152,361 shares during the last quarter. Steadfast Capital Management LP acquired a new stake in GATX during the third quarter worth about $24,489,000. Loomis Sayles & Co. L P acquired a new stake in GATX during the fourth quarter worth about $11,198,000. Finally, Tudor Investment Corp ET AL increased its stake in GATX by 118.4% during the fourth quarter. Tudor Investment Corp ET AL now owns 118,877 shares of the transportation company’s stock worth $20,162,000 after acquiring an additional 64,454 shares during the last quarter. 93.14% of the stock is currently owned by institutional investors and hedge funds.

About GATX (Get Free Report)

GATX Corporation (NYSE: GATX) is a global railcar leasing and asset management company headquartered in Chicago, Illinois. Founded in 1898 as General American Transportation Corporation, GATX has grown into one of the world’s leading lessors of railcars, marine vessels and industrial assets. The company’s core business focuses on leasing and managing high-value equipment for customers in the energy, industrial, chemical, agricultural and metals markets.

In its Rail North America segment, GATX owns and manages a diverse fleet of more than 60,000 railcars, including tank cars, covered hoppers, boxcars and flatcars.

Further Reading Five stocks we like better than GATX

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CHICAGO--(BUSINESS WIRE)--GATX Corporation (NYSE: GATX) today reported 2026 first-quarter net income attributable to GATX of $85.5 million, or $2.35 per diluted share, compared to net income attributable to GATX of $78.6 million, or $2.15 per diluted share, in the first quarter of 2025.

"Consistent with our expectations entering the year, our global businesses performed well in the first quarter," said Robert C. Lyons, president and chief executive officer of GATX. "Integration of the Wells Fargo rail operating lease fleet is progressing well, positioning us to serve customers with an expanded portfolio supported by our operational and commercial expertise. Beginning this quarter, commercial metrics and fleet statistics for Rail North America reflect the combined legacy and newly acquired fleets, consistent with consolidation in our financial statements. At quarter end, Rail North America's fleet utilization remained high at 98.1%, and the first-quarter renewal success rate was 79.1%, reflecting stable demand for existing railcars. The renewal lease rate change of GATX’s Lease Price Index was 22.3% with an average renewal term of 56 months. Furthermore, we generated first-quarter gains on asset dispositions of approximately $50.0 million, reflecting continued strength in the secondary market and strong asset valuations.

"At GATX Rail Europe, fleet utilization remained steady at 94.7% in the first quarter. Our European team achieved increases in renewal lease rates compared to expiring rates across the majority of car types, despite macroeconomic pressures weighing on our customers' fleet planning activities. At GATX Rail India, demand for railcars remained solid, with fleet utilization at 100.0% at quarter end.

"Within Engine Leasing, we continued to benefit from strong demand for aircraft spare engines, with solid performance across our engine portfolios in the first quarter. While we are closely monitoring developments related to the Middle East conflict and their implications for global air travel and airline financial performance, based on the resiliency the industry has demonstrated through various external events over many decades, we remain confident in the long-term strength of this business."

Mr. Lyons added, "First-quarter investment volume totaled more than $4.5 billion, including the acquisition of Wells Fargo’s rail operating lease portfolio for approximately $4.2 billion. During the quarter, we executed on attractive investment opportunities to acquire new and existing railcars across our global rail businesses."

Mr. Lyons concluded, “Our first quarter progressed largely as we anticipated. Our expanded portfolio of long‑lived assets, deep customer relationships across diverse end markets, and consistently strong cash flows position us well to navigate increased macro uncertainty. We will monitor our markets for impacts from the war in the Middle East, while continuing to execute on our disciplined growth strategy. Based on first-quarter results and our current outlook, we continue to expect 2026 full-year earnings to be $9.50–$10.10 per diluted share, excluding the impact of Tax Adjustments and Other Items.”

RAIL NORTH AMERICA

Rail North America reported segment profit of $103.9 million in the first quarter of 2026, compared to $88.8 million in the first quarter of 2025. Higher 2026 first-quarter segment profit was driven by higher lease revenue and higher gains on asset dispositions.

As of March 31, 2026, Rail North America’s fleet totaled approximately 206,100 cars, including 9,900 boxcars. The following fleet statistics and performance discussion exclude the boxcar fleet.

Fleet utilization was 98.1% at the end of the first quarter of 2026, compared to 99.0% at the end of the prior quarter and 99.2% at the end of the first quarter of 2025. At the time of the Wells Fargo acquisition, GATX Rail North American's fleet utilization was 99.0%, while Wells Fargo Rail's fleet utilization was 96.5%. Therefore, utilization of 98.1% is a byproduct of the fleet combination and consistent with expectations outlined at the beginning of this year.

During the first quarter of 2026, the renewal lease rate change of the GATX Lease Price Index (LPI) was 22.3%, compared to 21.9% in the prior quarter and 24.5% in the first quarter of 2025. The average lease renewal term for all cars included in the LPI during the first quarter of 2026 was 56 months, compared to 58 months in the prior quarter and 61 months in the first quarter of 2025. The 2026 first-quarter renewal success rate was 79.1%, compared to 91.4% in the prior quarter and 85.1% in the first quarter of 2025. Rail North America’s investment volume during the first quarter was approximately $4.5 billion, including the acquisition of Wells Fargo’s rail operating lease portfolio for approximately $4.2 billion.

Additional fleet statistics, including information on the boxcar fleet, and macroeconomic data related to Rail North America’s business are provided in the attached Supplemental Information under Rail North America Statistics.

RAIL INTERNATIONAL

Rail International’s segment profit was $31.6 million in the first quarter of 2026, compared to $25.7 million in the first quarter of 2025. Higher 2026 first-quarter segment profit was driven by more railcars on lease, higher lease rates, and changes in foreign currency exchange rates.

As of March 31, 2026, GATX Rail Europe’s (GRE) fleet consisted of over 36,600 railcars. Fleet utilization was 94.7%, compared to 94.7% at the end of the prior quarter and 95.1% at the end of the first quarter of 2025.

As of March 31, 2026, Rail India's fleet consisted of approximately 12,500 railcars. Fleet utilization was 100.0%, compared to 100.0% at the end of the prior quarter and 99.6% at the end of the first quarter of 2025.

Additional fleet statistics for GRE and Rail India are provided on the last page of this press release.

ENGINE LEASING

Engine Leasing reported segment profit of $35.3 million in the first quarter of 2026, compared to segment profit of $38.6 million in the first quarter of 2025. Comparative results were driven primarily by the timing of remarketing income, which can vary materially from quarter to quarter. The Rolls-Royce and Partners Finance affiliates invested approximately $135.0 million in aircraft spare engines during the quarter, and the investment pipeline remains robust.

COMPANY DESCRIPTION

At GATX Corporation (NYSE:GATX), we empower our customers to propel the world forward. GATX leases transportation assets including railcars, aircraft spare engines and tank containers to customers worldwide. Our mission is to provide innovative, unparalleled service that enables our customers to transport what matters safely and sustainably while championing the well-being of our employees and communities. Headquartered in Chicago, Illinois since its founding in 1898, GATX has paid a quarterly dividend, uninterrupted, since 1919.

TELECONFERENCE INFORMATION

GATX Corporation will host a teleconference to discuss its 2026 first-quarter results. Call details are as follows:

Thursday, May 7, 2026
11 a.m. Eastern Time
Domestic Dial-In: 1-800-715-9871
International Dial-In: 1-646-307-1963
Replay: 1-800-770-2030 (Domestic) or 1-609-800-9909 (International) / Access Code: 2050842

Call-in details, a copy of this press release and real-time audio access are available at www.gatx.com. Please access the call 15 minutes prior to the start time. A replay will be available on the same site starting at 2 p.m. (Eastern Time), May 7, 2026.

AVAILABILITY OF INFORMATION ON GATX'S WEBSITE

Investors and others should note that GATX routinely announces material information to investors and the marketplace using SEC filings, press releases, public conference calls, webcasts and the GATX Investor Relations website. While not all of the information that the Company posts to the GATX Investor Relations website is of a material nature, some information could be deemed to be material. Accordingly, the Company encourages investors, the media and others interested in GATX to review the information that it shares on www.gatx.com under the “Investor Relations” tab.

FORWARD-LOOKING STATEMENTS

Statements in this Earnings Release not based on historical facts are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 and, accordingly, involve known and unknown risks and uncertainties that are difficult to predict and could cause our actual results, performance, or achievements to differ materially from those discussed. These include statements as to our future expectations, beliefs, plans, strategies, objectives, events, conditions, financial performance, prospects, or future events. In some cases, forward-looking statements can be identified by the use of words such as “may,” “could,” “expect,” “intend,” “plan,” “seek,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “outlook,” “continue,” “likely,” “will,” “would”, and similar words and phrases. Forward-looking statements are necessarily based on estimates and assumptions that, while considered reasonable by us and our management, are inherently uncertain. Accordingly, you should not place undue reliance on forward-looking statements, which speak only as of the date they are made, and are not guarantees of future performance. We do not undertake any obligation to publicly update or revise these forward-looking statements, except to the extent required by applicable law.

The following factors, in addition to those discussed in our press releases and filings with the U.S. Securities and Exchange Commission, could cause actual results to differ materially from our current expectations expressed in forward-looking statements:

GATX CORPORATION AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)

(In millions, except per share data)

  Three Months Ended

March 31

2026

2025

Revenues

Lease revenue

$

518.7

$

359.6

Non-dedicated engine revenue

22.1

21.5

Other revenue

42.9

40.5

Total Revenues

583.7

421.6

Expenses

Maintenance expense

140.7

103.5

Depreciation expense

169.2

103.6

Operating lease expense

7.4

7.6

Other operating expense

21.8

16.0

Selling, general and administrative expense

71.3

56.6

Total Expenses

410.4

287.3

Other Income (Expense)

Net gain on asset dispositions

51.0

33.4

Interest expense, net

(151.0

)

(94.9

)

Other income (expense)

6.2

(2.7

)

Income before Income Taxes and Share of Affiliates’ Earnings

79.5

70.1

Income taxes

(21.2

)

(16.6

)

Share of affiliates’ earnings, net of taxes

20.8

25.1

Net Income

79.1

78.6

Less: Net Loss Attributable to Non-Controlling Interest

(6.4

)

—

Net Income Attributable to GATX

$

85.5

$

78.6

Share Data

Basic earnings per share

$

2.35

$

2.15

Average number of common shares

35.7

35.9

Diluted earnings per share

$

2.35

$

2.15

Average number of common shares and common share equivalents

35.8

36.0

Dividends declared per common share

$

0.66

$

0.61

  GATX CORPORATION AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS (UNAUDITED)

(In millions)

  March 31

December 31

2026

2025

Assets

Cash and Cash Equivalents

$

740.9

$

743.0

Restricted Cash

0.1

4,241.9

Receivables

Rent and other receivables

162.7

109.0

Finance leases (as lessor)

192.2

104.2

Less: allowance for losses

(6.1

)

(6.0

)

348.8

207.2

Operating Assets and Facilities

19,780.9

15,662.6

Less: allowance for depreciation

(4,328.3

)

(4,251.7

)

15,452.6

11,410.9

Lease Assets (as lessee)

Right-of-use assets, net of accumulated depreciation

134.7

137.4

Investments in Affiliated Companies

752.4

732.3

Goodwill

124.6

126.3

Other Assets

390.1

400.5

Total Assets

$

17,944.2

$

17,999.5

Liabilities and Equity

Accounts Payable and Accrued Expenses

$

278.7

$

318.4

Debt

Borrowings under bank credit facilities

49.7

82.2

Recourse debt

12,427.3

12,451.7

12,477.0

12,533.9

Lease Obligations (as lessee)

Operating leases

150.9

154.3

Deferred Income Taxes

1,215.6

1,195.7

Other Liabilities

165.8

162.1

Total Liabilities

14,288.0

14,364.4

Total GATX Shareholders’ Equity

2,778.1

2,750.5

Non-Controlling Interest

878.1

884.6

Total Equity

3,656.2

3,635.1

Total Liabilities and Equity

$

17,944.2

$ 

17,999.5 

  GATX CORPORATION AND SUBSIDIARIES

SEGMENT DATA (UNAUDITED)

Three Months Ended March 31, 2026

(In millions)

  Rail North
America

Rail
International

Engine
Leasing

Other

GATX
Consolidated

Revenues

Lease revenue

$

400.7

$

100.4

$

9.5

$

8.1

$

518.7

Non-dedicated engine revenue

—

—

22.1

—

22.1

Other revenue

36.0

4.8

—

2.1

42.9

Total Revenues

436.7

105.2

31.6

10.2

583.7

Expenses

Maintenance expense

120.6

19.1

—

1.0

140.7

Depreciation expense

126.7

27.8

10.6

4.1

169.2

Operating lease expense

7.4

—

—

—

7.4

Other operating expense

13.1

5.3

3.1

0.3

21.8

Total Expenses

267.8

52.2

13.7

5.4

339.1

Other Income (Expense)

Net gain on asset dispositions

49.8

1.1

—

0.1

51.0

Interest (expense) income, net

(114.0

)

(25.0

)

(13.3

)

1.3

(151.0

)

Other (expense) income

(0.8

)

2.5

3.1

1.4

6.2

Share of affiliates' pre-tax earnings

—

—

27.6

—

27.6

Segment Profit

$

103.9

$

31.6

$

35.3

$

7.6

$

178.4

Less:

Selling, general and administrative expense

71.3

Income taxes (includes $6.8 related to affiliates' earnings)

28.0

Net Income

79.1

Less: Net Loss Attributable to Non-Controlling Interest

(6.4

)

Net Income Attributable to GATX

$

85.5

Selected Data:

Investment volume

$

4,464.2

$

47.4

$

0.2

$

8.2

$

4,520.0

Net Gain on Asset Dispositions

Asset Remarketing Income:

Net gains on disposition of owned assets

$

44.0

$

—

$

—

$

0.1

$

44.1

Residual sharing income

0.1

—

—

—

0.1

Non-remarketing net gains (1)

7.4

1.1

—

—

8.5

Asset impairments

(1.7

)

—

—

—

(1.7

)

$

49.8

$

1.1

$

—

$

0.1

$

51.0

  _________

(1) Includes net gains from scrapping of railcars.

  GATX CORPORATION AND SUBSIDIARIES

SEGMENT DATA (UNAUDITED)

Three Months Ended March 31, 2025

(In millions)

  Rail North
America

Rail
International

Engine
Leasing

Other

GATX
Consolidated

Revenues

Lease revenue

$

260.0

$

83.6

$

8.1

$

7.9

$

359.6

Non-dedicated engine revenue

—

—

21.5

—

21.5

Other revenue

33.3

4.9

—

2.3

40.5

Total Revenues

293.3

88.5

29.6

10.2

421.6

Expenses

Maintenance expense

83.7

18.5

—

1.3

103.5

Depreciation expense

70.4

20.1

9.4

3.7

103.6

Operating lease expense

7.6

—

—

—

7.6

Other operating expense

7.5

4.6

2.8

1.1

16.0

Total Expenses

169.2

43.2

12.2

6.1

230.7

Other Income (Expense)

Net gain on asset dispositions

32.1

1.3

—

—

33.4

Interest (expense) income, net

(64.7

)

(19.1

)

(12.2

)

1.1

(94.9

)

Other (expense) income

(2.7

)

(1.8

)

—

1.8

(2.7

)

Share of affiliates' pre-tax earnings

—

—

33.4

—

33.4

Segment Profit

$

88.8

$

25.7

$

38.6

$

7.0

$

160.1

Less:

Selling, general and administrative expense

56.6

Income taxes (includes $8.3 related to affiliates' earnings)

24.9

Net Income

78.6

Less: Net Income Attributable to Non-Controlling Interest

—

Net Income Attributable to GATX

$

78.6

Selected Data:

Investment volume

$

227.7

$

62.7

$

—

$

5.9

$

296.3

Net Gain on Asset Dispositions

Asset Remarketing Income:

Net gains on disposition of owned assets

$

30.5

$

0.6

$

—

$

—

$

31.1

Residual sharing income

0.1

—

—

—

0.1

Non-remarketing net gains (1)

5.1

0.7

—

—

5.8

Asset impairments

(3.6

)

—

—

—

(3.6

)

$

32.1

$

1.3

$

—

$

—

$

33.4

  __________

(1) Includes net gains from scrapping of railcars.

  GATX CORPORATION AND SUBSIDIARIES

SUPPLEMENTAL INFORMATION (UNAUDITED)

(In millions, except leverage)

  3/31/2026

12/31/2025

9/30/2025

6/30/2025

3/31/2025

Total Assets, Excluding Cash, by Segment

Rail North America

$

12,242.6

$

7,969.0

$

7,865.3

$

7,886.8

$

7,888.3

Rail International

2,738.0

2,825.1

2,522.9

2,514.9

2,304.3

Engine Leasing

1,805.3

1,786.9

1,805.9

1,626.5

1,619.8

Other

417.3

433.6

415.3

416.8

396.3

Total Assets, excluding cash

$

17,203.2

$

13,014.6

$

12,609.4

$

12,445.0

$

12,208.7

Debt and Lease Obligations, Net of Unrestricted Cash

Unrestricted cash

$

(740.9

)

$

(743.0

)

$

(696.1

)

$

(754.6

)

$

(757.2

)

Borrowings under bank credit facilities

49.7

82.2

117.3

106.1

101.5

Recourse debt

12,427.3

12,451.7

8,751.3

8,741.3

8,653.1

Operating lease obligations

150.9

154.3

160.7

168.4

174.4

Total debt and lease obligations, net of unrestricted cash

$

11,887.0

$

11,945.2

$

8,333.2

$

8,261.2

$

8,171.8

Total recourse debt (1)

$

11,887.0

$

11,945.2

$

8,333.2

$

8,261.2

$

8,171.8

Total equity

$

3,656.2

$

3,635.1

$

2,718.9

$

2,669.7

$

2,549.4

Recourse Leverage (2)

3.3

3.3

3.1

3.1

3.2

Reconciliation of Total Assets to Total Assets, Excluding Cash

Total Assets

$

17,944.2

$

17,999.5

$

13,305.8

$

13,200.2

$

12,966.3

Less: cash

(741.0

)

(4,984.9

)

(696.4

)

(755.2

)

(757.6

)

Total Assets, excluding cash

$

17,203.2

$

13,014.6

$

12,609.4

$

12,445.0

$

12,208.7

  GATX CORPORATION AND SUBSIDIARIES

SUPPLEMENTAL INFORMATION (UNAUDITED)

(Continued)

  3/31/2026

12/31/2025

9/30/2025

6/30/2025

3/31/2025

Rail North America Statistics

Lease Price Index (LPI) (1)

Average renewal lease rate change

22.3

%

21.9

%

22.8

%

24.2

%

24.5

%

Average renewal term (months)

56

58

60

60

61

Renewal Success Rate (2)

79.1

%

91.4

%

87.1

%

84.2

%

85.1

%

Fleet Rollforward (3)

Beginning balance

100,593

101,288

102,317

103,310

102,966

Railcars added

98,535

920

366

595

1,464

Railcars scrapped

(1,355

)

(898

)

(478

)

(614

)

(316

)

Railcars sold

(1,540

)

(717

)

(917

)

(974

)

(804

)

Ending balance

196,233

100,593

101,288

102,317

103,310

Utilization

98.1

%

99.0

%

98.9

%

99.2

%

99.2

%

Average active railcars

193,195

99,999

100,896

102,073

102,367

Boxcar Fleet Rollforward

Beginning balance

7,032

7,478

7,621

7,990

8,395

Railcars added

3,411

1

172

27

—

Railcars scrapped

(266

)

(365

)

(285

)

(396

)

(405

)

Railcars sold

(289

)

(82

)

(30

)

—

—

Ending balance

9,888

7,032

7,478

7,621

7,990

Utilization

97.6

%

97.1

%

96.9

%

98.7

%

99.8

%

Average active railcars

9,895

7,206

7,391

7,773

8,163

Rail North America Industry Statistics

Manufacturing Capacity Utilization Index (4)

75.7

%

75.7

%

76.1

%

77.8

%

77.6

%

Year-over-year Change in U.S. Carloadings (excl. intermodal) (5)

4.2

%

1.5

%

2.1

%

2.4

%

0.1

%

Year-over-year Change in U.S. Carloadings (chemical) (5)

3.8

%

0.8

%

1.5

%

1.6

%

2.0

%

Year-over-year Change in U.S. Carloadings (petroleum) (5)

7.3

%

(1.6

)%

(1.2

)%

(0.9

)%

1.9

%

Production Backlog at Railcar Manufacturers (6)

23,128

23,431

25,687

29,871

31,548

_________

(1)

GATX's Lease Price Index (LPI) is an internally-generated business indicator that measures renewal activity for our North American railcar fleet, excluding boxcars. The LPI calculation includes all renewal activity based on a 12-month trailing average, and the renewals are weighted by the count of all renewals over the 12-month period. The average renewal lease rate change is reported as the percentage change between the average renewal lease rate and the average expiring lease rate. The average renewal lease term is reported in months and reflects the average renewal lease term in the LPI.

(2)

The renewal success rate represents the percentage of railcars on expiring leases that were renewed with the existing lessee. The renewal success rate is an important metric because railcars returned by our customers may remain idle or incur additional maintenance and freight costs prior to being leased to new customers.

(3)

Excludes boxcar fleet.

(4)

As reported and revised by the Federal Reserve.

(5)

As reported by the Association of American Railroads (AAR).

(6)

As reported by the Railway Supply Institute (RSI).

  GATX CORPORATION AND SUBSIDIARIES

SUPPLEMENTAL INFORMATION (UNAUDITED)

(Continued)

  3/31/2026

12/31/2025

9/30/2025

6/30/2025

3/31/2025

Rail Europe Statistics

Fleet Rollforward

Beginning balance

36,484

30,572

30,492

30,223

30,027

Railcars added

355

6,145

328

579

446

Railcars scrapped or sold

(188

)

(233

)

(248

)

(310

)

(250

)

Ending balance

36,651

36,484

30,572

30,492

30,223

Utilization

94.7

%

94.7

%

93.7

%

93.3

%

95.1

%

Average active railcars

34,588

32,671

28,592

28,572

28,823

Rail India Statistics

Fleet Rollforward

Beginning balance

12,165

11,712

11,112

10,895

10,583

Railcars added

343

453

600

217

312

Ending balance

12,508

12,165

11,712

11,112

10,895

Utilization

100.0

%

100.0

%

100.0

%

99.6

%

99.6

%

Average active railcars

12,275

11,905

11,363

10,945

10,711

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