While reporting financial results for the fourth quarter on Thursday, transportation assets lessor GATX Corp. (GATX) said it now expects earnings for the full-year 2026 in the range of $9.50 to $10.10 per share, inclusive of $0.20 to $0.30 per share of income contribution from the Wells Fargo transaction.
For the fourth quarter, the company reported net income attributable to GATX of $97.0 million or $2.66 per share, higher than $76.5 million or $2.10 per share prior-year quarter.
Excluding items, adjusted earnings for the quarter were $2.44 per share, compared to $1.93 per share in the year-ago quarter.
Total revenues for the quarter grew to $449.0 million from $413.5 million in the same quarter last year. On Wednesday, the board of directors of GATX declared a quarterly dividend of $0.66 per common share, payable on March 31, 2026, to shareholders of record as of March 2, 2026.
The Board also approved a new $300 million share repurchase authorization, as the Company's prior authorization from 2019 had largely been exhausted.
In Thursday's pre-market trading, GATX is trading on the NYSE at $185.14, up $5.12 or 2.70 percent.
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April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.