GATX Corporation (GATX) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

star followed with the number one on your telephone keypad. If you would like to withdraw your question, press star one again. Thank you. I would now like to turn the call over to Shari Hellerman, Head of Investor Relations. Please go ahead. Thank you, Kate. Good morning and thank you for joining GATX's 2025 First Quarter Earnings Call. I'm joined today by Bob Lyons, President and Chief Executive Officer. and Paul Titterton, Executive Vice President and President of Rail North America. Tom Ellman, our Chief Financial Officer, was called away on a family matter and will not be joining our call this morning. As a reminder, 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 included in our earnings release and those discussed in GATX's Form 10-K for 2024 and our other filings for the SEC. GATX assumes no obligation to update or revise any forward-looking statements to reflect subsequent events or circumstances. Before we begin, I'd like to remind everyone that our annual shareholders meeting is scheduled on Friday, April 25th at 9 a.m. Central Time and will be held in a virtual-only meeting format. I will provide a quick overview of our 2025 first quarter results, and then I'll turn it over to Bob for additional commentary on the current market environment. After that, we'll open the call up for questions. Earlier today, GATX reported 2025 first quarter net income of $78.6 million, or $2.15 per diluted share. This compares to 2024 first quarter net income of $74.3 million, or $2.03 per diluted share. The 2024 first quarter results included a net positive impact of $0.6 million...