Overview

• US railcar and engine lessor's Q1 revenue missed analyst expectations

• GAAP diluted EPS for Q1 rose to $2.35 from $2.15 a year earlier

• Company reiterated 2026 full-year earnings guidance

Outlook

• GATX reiterates 2026 full-year earnings guidance of $9.50–$10.10 per diluted share

Result Drivers

• HIGHER LEASE REVENUE AND ASSET GAINS - Rail North America profit rose due to increased lease revenue and higher gains on asset dispositions

• STRONG FLEET UTILIZATION - Rail North America fleet utilization remained high at 98.1% following the Wells Fargo portfolio acquisition

• INTERNATIONAL GROWTH - Rail International profit increased due to more railcars on lease, higher lease rates, and changes in foreign currency exchange rates

Company press release: ID:nBw8zKlrBa

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q1 Revenue	Miss	$583.70 mln	$599.76 mln (4 Analysts)
Q1 EPS		$2.35

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

• Wall Street's median 12-month price target for GATX Corp is $212.33, about 6.4% above its May 6 closing price of $199.55

• The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 18 three months ago

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