GATX CORP

GATX Corporation amended its Five Year Credit Agreement, extending the termination date by one year to May 21, 2031. The amendment also reduced the applicable margin for borrowings based on the Secured Overnight Financing Rate (SOFR) and alternative base rate (ABR), as well as the facility fee payable to lenders. These changes are based on the company's public credit rating, resulting in more favorable borrowing terms.

GATX completed the acquisition of approximately 101,000 railcars for $4.2 billion from Wells Fargo through a new joint venture, GABX, on January 1, 2026. For the first quarter of 2026, GATX reported a net income attributable to GATX of $85.5 million, an 8.8% increase year-over-year, with basic earnings per share rising to $2.35. Total revenues significantly increased by 38.4% to $583.7 million, largely driven by the acquisition.

GATX Corporation reported strong first-quarter 2026 results, with diluted earnings per share increasing to $2.35 and net income attributable to GATX rising to $85.5 million. The company's global businesses performed well, driven by high utilization in Rail North America (98.1%) and strong demand for aircraft spare engines. GATX successfully integrated the Wells Fargo rail operating lease fleet, contributing to over $4.5 billion in investment volume, and reiterated its full-year earnings guidance of $9.50–$10.10 per diluted share.

GATX Corporation has amended and restated its 2012 Incentive Award Plan, effective April 24, 2026, subject to shareholder approval. The updated plan increases the aggregate number of shares available for issuance by 1,300,000, bringing the total to 8,567,094 shares. This initiative aims to align the interests of the Board, Employees, and Consultants with shareholders and to attract and retain talent through various equity and cash-based awards.