GATX Corp (STU:GAX)

€ 142 0 (0%) Market Cap: 5.03 Bil Enterprise Value: 12.44 Bil PE Ratio: 20.44 PB Ratio: 2.23 GF Score: 86/100

Q2 2019 GATX Corp Earnings Call Transcript

Jul 18, 2019 / 03:00PM GMT

Release Date Price: €66.79 (-1.78%)

Transcript 10-Q8-K

Operator

Good day and welcome to the GATX second quarter conference call. Today's conference is being recorded.

At this time, I would like to turn the conference over to Jennifer McManus. You may begin.

Jennifer McManus

GATX Corporation - Director of IR

Good morning, everyone, and thank you for joining GATX's 2019 Second Quarter Earnings Call. I'm joined today by Brian Kenney, President and CEO; and Tom Ellman, Executive Vice President and CFO.

Please note that 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 discussed in GATX's Form 10-K for 2018. GATX assumes no obligation to update or revise any forward-looking statements to reflect subsequent events or circumstances.

Earlier today, GATX reported 2019 second quarter net income of $68 million or $1.86 per diluted share. This compares to 2018 second quarter net income of $38.8 million or $1.01

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