GATX Corp

Latest Results (24.06.2026):

GATX Corporation — first quarter 2026: GATX reported net income attributable to GATX of $85.5 million, or $2.35 per diluted share, on consolidated revenues of $583.7 million. Results reflected strong performance across its rail and engine leasing businesses, significant investment activity (including the acquisition of Wells Fargo’s rail operating lease portfolio), about $50 million of gains on asset dispositions, and the company’s reiteration of 2026 full‑year EPS guidance.

Earnings

Net income attributable to GATX was $85.5M ($2.35 diluted EPS) vs. $78.6M ($2.15) in Q1 2025. Total revenues rose to $583.7M from $421.6M a year earlier. Interest expense increased (net interest expense $151.0M), and income tax and non‑controlling interest items affected comparability.

Rail North America

Segment profit was $103.9M (Q1 2025: $88.8M), driven by higher lease revenue and higher gains on dispositions. Fleet totaled ~206,100 cars (including 9,900 boxcars); combined fleet utilization was 98.1% at quarter end (reflecting consolidation with Wells Fargo Rail). Lease Price Index renewal rate change was 22.3%, average renewal term 56 months, and renewal success rate 79.1%.

Rail International

Rail International segment profit was $31.6M vs. $25.7M a year ago. GATX Rail Europe fleet exceeded 36,600 railcars with 94.7% utilization; Rail India fleet ~12,500 railcars with 100.0% utilization.

Engine Leasing

Engine Leasing segment profit was $35.3M (down from $38.6M) primarily due to timing of remarketing income. Demand for aircraft spare engines remained strong; Rolls‑Royce and Partners Finance affiliates invested approximately $135M in spare engines during the quarter.

Asset Dispositions & Investment Activity

Gains on asset dispositions were approximately $50M (net gains on disposition of owned assets and related items). First‑quarter investment volume totaled more than $4.5B, including the Wells Fargo rail operating lease portfolio acquisition for about $4.2B.

Balance Sheet & Capital Return

Total assets were $17.94B at March 31, 2026. Recourse debt was $12.427B; total equity was $3.656B and reported recourse leverage was 3.3x. The company declared a quarterly dividend of $0.66 per share (prior quarter/year: $0.61).

Outlook

GATX reiterated 2026 full‑year diluted EPS guidance of $9.50–$10.10 (excluding Tax Adjustments and Other Items) and noted it is monitoring geopolitical and macro developments (including the Middle East conflict) while remaining confident in the long‑term strength of its businesses.