GATX (NYSE:GATX), the Chicago-based leader in railcar leasing, reported fourth-quarter adjusted earnings on Thursday that surpassed Wall Street expectations, capping an "exceptional year" marked by the completion of the largest acquisition in the company’s 127-year history.
The equipment finance firm posted net income of $97 million, or $2.66 per share.
Excluding non-recurring gains—including tax adjustments and items related to its fleet expansion—adjusted earnings were $2.44 per share, beating the $2.42 average estimate of analysts surveyed by Zacks Investment Research.
Revenue for the period rose 8.6% to $449 million, also topping market forecasts of $445.2 million.
The results follow the January 1 completion of GATX’s $4.2 billion joint acquisition of Wells Fargo’s rail operating lease portfolio, adding approximately 101,000 railcars to its fleet.
For the full year 2025, GATX reported record revenue of $1.74 billion and a profit of $333.3 million.
Optimism surrounding the integration of the Wells Fargo assets led GATX to issue a strong 2026 profit outlook.
The company expects full-year earnings in the range of $9.50 to $10.10 per share, significantly higher than its 2025 performance.