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GATX Corporation (GATX) Q4 2024 Earnings Call Transcript

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GATX Company (NYSE:GATX) This fall 2024 Earnings Convention Name January 23, 2025 11:00 AM ET

Firm Members

Shari Hellerman – Head, IR
Bob Lyons – President and CEO
Paul Titterton – EVP and President, Rail North America
Tom Ellman – EVP and CFO

Convention Name Members

Andrzej Tomczyk – Goldman Sachs
Bascome Majors – Susquehanna
Justin Bergner – Gabelli Funds
Brendan McCarthy – Sidoti

Operator

Thanks for standing by. My title is Jeanine and I will likely be your convention operator for at the moment. At the moment, I wish to welcome everybody to the GATX 2024 Fourth Quarter Earnings Name. [Operator Instructions]

I’ll now flip the decision over to Ms. Shari, Head of Investor Relations. Please go forward.

Shari Hellerman

Thanks, Jeanine. Good morning, and thanks for becoming a member of GATX’s fourth quarter and 2024 year-end earnings convention name. I am joined at the moment by Bob Lyons, President and Chief Government Officer; Tom Ellman, Government Vice President and Chief Monetary Officer; and Paul Titterton, Government Vice President and President of Rail North America.

As a reminder, among the data you will hear throughout our dialogue at the moment will include forward-looking statements. Precise outcomes or tendencies may differ materially from these statements or forecasts. For extra data, please confer with the danger elements included in our earnings launch and people mentioned in GATX’s Kind 10-Ok for 2023 and our different filings with the SEC.

GATX assumes no obligation to replace or revise any forward-looking statements to mirror subsequent occasions or circumstances. I am going to present a fast overview of our 2024 fourth quarter and full 12 months outcomes after which I am going to flip it over to Bob for added commentary on 2024 in addition to our outlook for 2025. After that, we’ll open the decision up for questions.

Earlier at the moment, GATX reported 2024 fourth quarter web revenue of $76.5



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