GATX GATX Corp.

$GATX reported earnings before the open: adjusted EPS of $2.92 vs. $2.46 estimated, a beat of 18.7%. I used Stock Meadow to review the results.

$GATX Q3 '26 Earnings Results & Recap • Reported GAAP EPS of $2.92 up 39.05% YoY • Reported revenue of $598M up 36.13% YoY • GATX expects 2026 full-year earnings to modestly exceed the high end of its previously announced $9.90 to $10.30 per diluted share guidance range; guidance excludes Tax Adjustments and Other Items.

$GATX consolidated a fleet it only partly owns. The 10-Q says GABX, its joint venture with Brookfield, bought about 101,000 Wells Fargo railcars for 4.2 billion dollars, funded partly with a 2.96 billion dollar term loan GATX guarantees. GATX has used its first annual call to lift its stake to 33.6%, and it also manages Brookfield's separate roughly 22,000 railcars, earning 20.2 million dollars from Brookfield in the first nine months.

$GATX reports earnings tomorrow before the open. I’m bullish heading into the report: GATX has beaten EPS estimates in 6 of its last 8 reports, according to Stock Meadow.