Earnings Releases·Oct 29, 2026, 8:30 AM ET

GATX Corporation — Third Quarter 2026 Earnings Summary

Third-quarter net income rose 28% year-over-year to $105.2 million ($2.92/share), while total revenue increased 36% to $598.0 million; year-to-date net income and revenue grew 24% and 36% respectively.
Full-year 2026 earnings guidance was raised to modestly exceed the previous high end of $9.90–$10.30 per diluted share, driven by the acquisition of Wells Fargo's rail assets and strong Engine Leasing performance.
Segment profits expanded significantly in Rail North America ($121.3M vs $70.7M prior year) and Rail International ($35.9M vs $34.4M), though Engine Leasing profit declined to $51.4M from $60.4M.
Capital allocation included a quarterly dividend increase to $0.66 per share and $171.7 million in investment volume for the quarter, bringing year-to-date investments to over $4.8 billion.
Balance sheet leverage increased to 3.3x as of September 30, 2026, with total debt and lease obligations rising to $11.68 billion, while cash and equivalents decreased to $390.0 million.