GATX CORP reported 2026 first quarter results: net income $85.5 million, EPS $2.35 per diluted share. Guidance reaffirmed.
“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.”
Debt Financings
GATX CORP incurred senior notes of $500,000,000 aggregate principal amount of 5.300% Senior Notes due 2036 with U.S. Bank Trust Company, National Association at 5.300% per annum maturing April 15, 2036.
“The 2036 Notes were issued at 99.799% of their par value and bear interest at a rate of 5.300% per annum. Interest on the 2036 Notes is payable semi-annually in arrears on April 15 and October 15, beginning October 15, 2026. The 2036 Notes mature on April 15, 2036.”
Debt Financings
GATX CORP incurred senior notes of $500,000,000 aggregate principal amount of 4.625% Senior Notes due 2031 with U.S. Bank Trust Company, National Association at 4.625% per annum maturing April 15, 2031.
“The 2031 Notes were issued at 99.860% of their par value and bear interest at a rate of 4.625% per annum. Interest on the 2031 Notes is payable semi-annually in arrears on April 15 and October 15, beginning October 15, 2026. The 2031 Notes mature on April 15, 2031.”
Material Agreements
GATX CORP entered into Indenture with U.S. Bank Trust Company, National Association valued at $500,000,000 aggregate principal amount of 4.625% Senior Notes due 2031 and $500,000,000 aggregate p (effective 2026-03-12).
“Indenture, dated as of March 12, 2026 (the “Indenture”), by and among the Issuer, GATX, as guarantor, and U.S. Bank Trust Company, National Association, as trustee (in such capacity, the “Trustee”).”
Material Agreements
GATX CORP entered into Call Option Agreement with the JV, GATX and Michigan U.S. Holdings LP (effective 2026-01-01).
“On the Closing Date, the JV, GATX and Michigan U.S. Holdings LP, an affiliate of Brookfield, entered into a Call Option Agreement (the “Call Option Agreement”)”
Material Agreements
GATX CORP entered into A&R JV LLC Agreement with GATX, Brookfield and the JV (effective 2026-01-01).
“On the Closing Date, GATX, Brookfield and the JV entered into an Amended and Restated Limited Liability Company Agreement of the JV (the “A&R JV LLC Agreement”).”
Material Agreements
GATX CORP entered into Guaranty Agreement with Wells Fargo, as administrative agent (effective 2025-12-31).
“Concurrently with the entry by the parties into the Credit Agreement, GATX entered into the Guaranty Agreement, pursuant to which GATX irrevocably and unconditionally guaranteed”
Material Agreements
GATX CORP entered into Credit Agreement with Wells Fargo, as administrative agent valued at approximately $3.0 billion (effective 2025-12-31).
“On December 31, 2025, GABX entered into a Credit Agreement (the “Credit Agreement”) with Wells Fargo, as administrative agent (the “Agent”), and the lenders and issuing banks party thereto.”
“Concurrently with the entry by the parties into the Credit Agreement, GATX entered into the Guaranty Agreement, pursuant to which GATX irrevocably and unconditionally guaranteed, as a primary obligor, the payment and performance of GABX's obligations under the Credit Agreement until the earlier of the time that (i) the Guaranty Agreement is released in accordance with the terms of the Guaranty Agreement and the Credit Agreement or (ii) GABX's obligations are paid in full and commitments under the Credit Agreement are terminated.”
Debt Financings
GATX CORP incurred revolving credit of $250 million with Wells Fargo, N.A. (as administrative agent) at priced by reference to a grid based initially on GATX's public credit rating maturing December 31, 2030.
“On December 31, 2025, GABX entered into a Credit Agreement (the "Credit Agreement") with Wells Fargo, as administrative agent (the "Agent"), and the lenders and issuing banks party thereto. The Credit Agreement provides for (i) an unsecured term loan facility in an aggregate principal amount of approximately $3.0 billion and (ii) an unsecured revolving credit facility in an aggregate principal amount of $250 million, which includes a $50 million letter of credit sub-facility and a $50 million swingline sub-facility. The facilities mature on December 31, 2030, subject to customary extension and refinancing mechanics. Borrowings under the Credit Agreement bear interest, subject to the terms specified therein, at either (i) a rate based on the Secured Overnight Financing Rate (SOFR) plus a margin or (ii) an alternative base rate plus a margin. The term loan bears interest at SOFR plus 1.35% (or, if based on the alternative base rate, that base rate plus 0.25%). Revolving loans are priced”
Debt Financings
GATX CORP incurred term loan of approximately $3.0 billion with Wells Fargo, N.A. (as administrative agent) at SOFR plus 1.35% maturing December 31, 2030.
“On December 31, 2025, GABX entered into a Credit Agreement (the "Credit Agreement") with Wells Fargo, as administrative agent (the "Agent"), and the lenders and issuing banks party thereto. The Credit Agreement provides for (i) an unsecured term loan facility in an aggregate principal amount of approximately $3.0 billion and (ii) an unsecured revolving credit facility in an aggregate principal amount of $250 million, which includes a $50 million letter of credit sub-facility and a $50 million swingline sub-facility. The facilities mature on December 31, 2030, subject to customary extension and refinancing mechanics. Borrowings under the Credit Agreement bear interest, subject to the terms specified therein, at either (i) a rate based on the Secured Overnight Financing Rate (SOFR) plus a margin or (ii) an alternative base rate plus a margin. The term loan bears interest at SOFR plus 1.35% (or, if based on the alternative base rate, that base rate plus 0.25%).”
M&A Transactions
GATX CORP completed an acquisition involving Wells Fargo Bank, N.A. for approximately $4.2 billion (closed 2026-01-01).
“Partners L.P. and its institutional partners (collectively, “Brookfield”), approximately 101,000 railcars from Wells Fargo Bank, N.A. (“Wells Fargo”), for approximately $4.2 billion. The joint venture entity is GABX Leasing LLC (“GABX” or the “JV”), initially owned 30% by GATX and 70% by Brookfield. As further described below, the transactions contemplated”
Debt Financings
GATX CORP incurred senior notes of $200,000,000 aggregate principal amount of 5.500% Senior Notes due 2035 and $200,000,000 aggregate principal amount of 6 with BofA Securities, Inc., Citigroup Global Markets Inc. and Morgan Stanley & Co. LLC at 5.500% Senior Notes due 2035 and 6.050% Senior Notes due 2054 maturing 2035 and 2054.
“GATX Corporation (“GATX”) entered into an Underwriting Agreement (the “Underwriting Agreement”), with BofA Securities, Inc., Citigroup Global Markets Inc. and Morgan Stanley & Co. LLC, as representatives of the several underwriters listed therein (collectively, the “Underwriters”), dated October 22, 2025, pursuant to which GATX agreed to sell and the Underwriters agreed to purchase, subject to and upon terms and conditions set forth therein, $200,000,000 aggregate principal amount of 5.500% Senior Notes due 2035 (the “2035 Notes”) and $200,000,000 aggregate principal amount of 6.050% Senior Notes due 2054 (the “2054 Notes” and, together with the 2035 Notes, the “Notes”), as described in the prospectus supplement, dated October 22, 2025 (the “Prospectus Supplement”), filed pursuant to GATX’s shelf registration statement on Form S-3, Registration No. 333-286436.”
Debt Financings
GATX CORP incurred revolving credit of $32 million with M&T Bank.
“Pursuant to the Supplement, the Increasing Lender made a revolving credit commitment in an amount of $32 million to the Company.”
Shareholder Votes
GATX CORP shareholders approved Ratification of the Appointment of Independent Registered Public Accounting Firm at the 2024-04-26 meeting.
“Proposal 3 - Ratification of the Appointment of Independent Registered Public Accounting Firm The shareholders ratified the appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2024, by the following vote: For Against Abstain Broker Non-Votes 32,355,529 1,705,636 31,931 —”
Shareholder Votes
GATX CORP shareholders approved Advisory Resolution on Executive Compensation at the 2024-04-26 meeting.
“Proposal 2 - Advisory Resolution on Executive Compensation The shareholders approved, on a non-binding advisory basis, the compensation of the Company’s named executive officers as disclosed in the Compensation Discussion and Analysis section, executive compensation tables and accompanying narrative discussions contained in the Proxy Statement, by the following vote: For Against Abstain Broker Non-Votes 32,049,856 795,618 71,269 1,176,353”
Shareholder Votes
GATX CORP shareholders approved Election of Directors at the 2024-04-26 meeting.
“Proposal 1 - Election of Directors Each of the nine individuals named below was elected to serve on the Company's Board of Directors until the Company's 2025 annual meeting of shareholders and until his or her successor shall have been duly elected and qualified, or until his or her earlier death or resignation, by the following vote: Name For Against Abstain Broker Non-Votes Diane M. Aigotti 32,817,021 78,234 21,488 1,176,353 Anne L. Arvia 31,155,924 1,736,584 24,335 1,176,353 Shelley J. Bausch 32,857,278 40,033 19,432 1,176,353 John M. Holmes 32,862,674 36,305 17,764 1,176,353 Robert C. Lyons 31,334,806 1,557,985 23,952 1,176,353 James B. Ream 31,231,227 1,660,038 25,478 1,176,353 Adam L. Stanley 32,812,570 86,287 17,886 1,176,353 David S. Sutherland 30,967,764 1,925,391 23,588 1,176,353 Paul G. Yovovich 30,846,038 2,047,185 23,520 1,176,353”
Earnings Releases
GATX CORP reported the first quarter of 2024 results: net income $74.3 million, or $2.03 per diluted share, EPS $2.03 per diluted share. Guidance reaffirmed.
“GATX Corporation (NYSE: GATX) today reported 2024 first-quarter net income of $74.3 million, or $2.03 per diluted share”
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