GATX Corporation (GATX) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

At this time, I would like to welcome everyone to the GATX 2025 second quarter earnings call. All lines have been placed on mute to prevent any background noise. After the speakers remarks, there will be a question and answer session. If you would like to ask a question during this time, simply press star followed by the number one on your telephone keypad. If you would like to withdraw your question, press star one again. I would now like to turn the call over to Sherry Hellerman, head of investor relations. Please go ahead. Thank you, Eric. Good morning and thank you for joining GATX's 2025 second quarter earnings call. I'm joined today by Bob Lyons, president and chief executive officer. Tom Elman, executive vice president and chief financial officer. And Paul Titterton, executive vice president and president of Rail North America. 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 10K 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. Earlier today, GATX reported 2025 second quarter net income of 75.5 million or $2.06 per diluted share. This compares to 2024 second quarter net income of 44.4 million or $1.21 per diluted share. The 2024 second quarter results include a net negative impact of 8 million or 22 cents per diluted share from tax adjustments and other items. -to-date 2025 net income was 154.1 million or $4.21 per diluted share. This compares to 118.7 million or $3...