GATX Corp (NYSE:GATX)
$ 164.16 0.46 (0.28%) Market Cap: 5.83 Bil Enterprise Value: 13.81 Bil PE Ratio: 21.95 PB Ratio: 2.39 GF Score: 85/100

Q2 2019 GATX Corp Earnings Call Transcript

Jul 18, 2019 / 03:00PM GMT
Release Date Price: $77.8 (+2.56%)
Operator

Good day and welcome to the GATX second quarter conference call. Today's conference is being recorded.

At this time, I would like to turn the conference over to Jennifer McManus. You may begin.

Jennifer McManus
GATX Corporation - Director of IR

Good morning, everyone, and thank you for joining GATX's 2019 Second Quarter Earnings Call. I'm joined today by Brian Kenney, President and CEO; and Tom Ellman, Executive Vice President and CFO.

Please note that some of the information you'll hear during our discussion today will consist of forward-looking statements. Actual results or trends could differ materially from those statements or forecasts. For more information, please refer to the risk factors discussed in GATX's Form 10-K for 2018. GATX assumes no obligation to update or revise any forward-looking statements to reflect subsequent events or circumstances.

Earlier today, GATX reported 2019 second quarter net income of $68 million or $1.86 per diluted share. This compares to 2018 second quarter net income of $38.8 million or $1.01

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