GATX CORP
For the period ended Mar 31, 2026. Filed May 7, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2026 · Filed May 7, 2026
Contents
Forward-Looking Statements
Statements in this report not based on historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and, accordingly, involve known and unknown risks and uncertainties that are difficult to predict and could cause our actual results, performance, or achievements to differ materially from those discussed. Forward-looking statements include statements as to our future expectations, beliefs, plans, strategies, objectives, events, conditions, financial performance, prospects, or future events. In some cases, forward-looking statements can be identified by the use of words such as "may," "could," "expect," "intend," "plan," "seek," "anticipate," "believe," "estimate," "predict," "potential," "outlook," "continue," "likely," "will," "would," and similar words and phrases. Forward-looking statements are necessarily based on estimates and assumptions that, while considered reasonable by us and our management, are inherently uncertain. Accordingly, you should not place undue reliance on forward-looking statements, which speak only as of the date they are made, and are not guarantees of future performance. We do not undertake any obligation to publicly update or revise these forward-looking statements, except to the extent required by applicable law.
The following factors, in addition to those discussed under "Risk Factors" and elsewhere in our filings with the U.S. Securities and Exchange Commission, including our Annual Report on Form 10-K for the year ended December 31, 2025, could cause actual results to differ materially from our current expectations expressed in forward-looking statements:
| •a significant decline in customer demand for our transportation assets or services, including as a result of:◦prolonged inflation or deflation◦high interest rates◦weak macroeconomic conditions and world trade policies◦weak market conditions in our customers' businesses◦adverse changes in the price of, or demand for, commodities ◦changes in railroad operations, efficiency, pricing and service offerings◦changes in, or disruptions to, supply chains◦availability of pipelines, trucks, and other alternative modes of transportation◦changes in conditions affecting the aviation industry, including geopolitical tensions or conflicts (such as hostilities in the Middle East), geographic exposure, customer concentrations and energy costs◦customers' desire to buy, rather than lease, our transportation assets◦other operational or commercial needs or decisions of our customers•reduced demand for our rail assets resulting from a change in pricing, service offerings, or operating conditions of North American railroads•competitive factors in our primary markets•threatened or implemented changes in tariffs or other global trade policies•higher costs associated with increased assignments of our transportation assets following non-renewal of leases or a significant increase in compliance-based maintenance events•events having an adverse impact on assets, customers, or regions where we have a concentrated investment exposure•financial and operational risks associated with long-term purchase commitments for transportation assets•reduced opportunities to generate asset remarketing income•inability to successfully consummate and manage ongoing acquisition and divestiture activities, including the recent acquisition of the Wells Fargo fleet•reliance on Rolls-Royce in connection with our aircraft spare engine leasing businesses | •U.S. and global political conditions and the impact of increased geopolitical tension, civil unrest and armed conflict, including the war with Iran, on domestic and global economic conditions•potential obsolescence of our assets•risks related to our international operations and expansion into new geographic markets, including laws, regulations, tariffs, taxes, treaties or trade barriers affecting our activities in the countries where we do business•failure to successfully negotiate collective bargaining agreements with the unions representing a substantial portion of our employees•inability to attract, retain, and motivate qualified personnel, including key management personnel•inability to protect our information technology from cybersecurity threats•risks posed by artificial intelligence•exposure to damages, fines, criminal and civil penalties, and reputational harm arising from a negative outcome in litigation, including claims arising from an accident involving transportation assets•changes in, or failure to comply with, laws, rules, and regulations•environmental liabilities and remediation costs•operational, functional and regulatory risks associated with climate change, severe weather events, and other environmental concerns•risks associated with sustainability concerns•prolonged inflation or deflation or interest rate increases•deterioration of conditions in the capital markets, reductions in our credit ratings, or increases in our financing costs•fluctuations in foreign exchange rates•inability to obtain cost-effective insurance •changes in assumptions, increases in funding requirements or investment losses in our pension and post-retirement plans•inadequate allowances to cover credit losses in our portfolio•asset impairment charges we may be required to recognize•inability to maintain effective internal control over financial reporting and disclosure controls and procedures•risks of a widespread health crisis |
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PART I - FINANCIAL INFORMATION
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.