Commentary

GATX Meeting Takeaways From TD Cowen

Written by Matt Elkott, Transportation OEM Analyst, TD Cowen
Tom Ellman, CFO, GATX (left); and Shari Hellerman, Head of Investor Relations, GATX (right).

Tom Ellman, CFO, GATX (left); and Shari Hellerman, Head of Investor Relations, GATX (right).

We spent a day in two Ohio cities with GATX CFO Tom Ellman and Head of Investor Relations Shari Hellerman. Takeaways include: continued strength in North America railcar leasing; growth in India, where GATX constitutes substantially all the private-sector railcar leasing landscape; Europe growth; and a commitment to investing in long-lived, service-intensive assets, an investment grade, and returning excess cash.

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