GATX completes $4.2B Wells Fargo rail acquisition, revenue up 36.1% to $598.0M

Filed October 30, 2026 · Period ending September 30, 2026 · Compared to 10-Q Oct 30, 2025 · ~1 min read

Key Changes

• high

  Completed $4.2 billion acquisition of ~101,000 railcars from Wells Fargo via GABX joint venture with Brookfield, consolidating the entity and adding $753.6M non-controlling interest.

  MD&A: Wells Fargo acquisition verify on EDGAR →
• high

  Net income rose 28.0% to $105.2M, with diluted EPS up 29.8% to $2.92, driven by the acquisition and higher lease revenue.

  MD&A: Net income and EPS verify on EDGAR →
• high

  Total debt principal increased to $11,954.7M from $8,802.8M, with recourse leverage rising from 3.1 to 3.3, reflecting acquisition financing.

  MD&A: Debt and leverage verify on EDGAR →