GATX Corporation (NYSE:GATX) Files An 8-K Results of Operations and Financial Condition
Item 2.02 Results of Operations and Financial Condition.
EX-99.1 2 a201904241q19exhibit991.htm EXHIBIT 99.1 Exhibit Page 1Exhibit 99.1NEWS RELEASE FOR RELEASE: IMMEDIATEGATX CORPORATION REPORTS 2019 FIRST-QUARTER RESULTS•Net income for the first quarter 2019 was $41.5 million or $1.12 per diluted share•Company reiterates 2019 full year earnings guidance •Rail North America fleet utilization remains at 99.4%CHICAGO,…
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About GATX Corporation (NYSE:GATX)
GATX Corporation is a railcar lessor, owning fleets in North America, Europe and Asia. The Company operates through four segments: Rail North America, Rail International, American Steamship Company (ASC) and Portfolio Management. Rail North America provides railcars pursuant to full-service leases under which it maintains the railcars, pays ad valorem taxes and insurance, and provides other ancillary services. Rail International comprises the Company’s European operations, GATX Rail Europe (GRE), and a railcar leasing business in India (Rail India), as well as one development-stage affiliate in China. ASC operates a fleet of the United States-flagged vessels on the Great Lakes, providing waterborne transportation of dry bulk commodities, such as iron ore, coal, limestone aggregates and metallurgical limestone. Portfolio Management generates leasing, marine operating, asset remarketing and management fee income through a collection of diversified assets and joint venture investments.