The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.

Performance was driven by steady demand in Rail North America and strong lease rate increases, with the Lease Price Index (LPI) rising 22.3% on renewals.

The integration of the Wells Fargo fleet is ahead of schedule, with all fleet data successfully migrated and approximately 300 new customer accounts added.

Management attributes the favorable pricing environment to net fleet shrinkage in North America, caused by low new car production and high scrap prices.

Secondary market demand remains exceptionally robust as capital flows toward rail assets, enabling $50 million in asset disposition gains during the quarter.

Rail International performance remained steady, particularly in India where policy support and economic growth continue to drive 100% fleet utilization.

Engine leasing results were supported by resilient global passenger air travel, though segment earnings were impacted by the inherent lumpiness of remarketing activity timing.

Full-year 2026 EPS guidance remains unchanged, assuming no material disruptions to the global economy or long-haul aviation markets.

Management expects the Wells Fargo joint venture to contribute $0.20 to $0.30 to full-year earnings as asset disposition activity accelerates in later quarters.

The company anticipates total 2026 asset disposition gains of approximately $200 million, split between $130 million from wholly owned assets and $70 million from the joint venture.

Maintenance expense for the full year is projected to be approximately $500 million, despite a slightly lower annualized run rate in the first quarter.

Strategic fleet procurement will continue through a three-pronged approach: programmatic supply agreements, spot market purchases, and secondary market acquisitions.

The inclusion of the Wells Fargo fleet resulted in a slight decline in overall North American utilization to 98.1%, reflecting that fleet's lower entry utilization of 96.5%.

Management is closely monitoring the evolving geopolitical environment for potential impacts on global air travel and engine leasing demand, while also noting that the Iran conflict has not significantly impacted market conditions for leased railcars in North America.

The first quarter LPI of 22.3% does not yet include material impact from the acquired Wells Fargo fleet, which will be integrated into the metric over time.

Remarketing income in the engine leasing joint venture fell to less than 10% of earnings this quarter, compared to a historical average of approximately one-third.

Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here.

Integration is ahead of expectations with zero surprises regarding customer reactions or contract structures.

The full-year earnings impact target of $0.20 to $0.30 remains on track.

Market conditions remain supportive due to net fleet shrinkage, but management is maintaining its full-year LPI guidance of high teens to low 20s.

The current favorable environment provides a meaningful runway as the remaining one-third of the fleet comes up for repricing.

The secondary market is the primary outlet for capital due to the muted new-build environment, keeping asset values elevated.

GATX is an opportunistic seller and will use its now-doubled fleet size to meet diverse buyer demand across various car types and ages.

Lower year-over-year earnings at the RRPF joint venture were strictly due to the timing of lumpy remarketing gains, not market deterioration.

Management reiterated full-year engine leasing segment profit guidance of $180 million to $185 million.

One stock. Nvidia-level potential. 30M+ investors trust Moby to find it first. Get the pick. Tap here.