CHICAGO, April 16 /PRNewswire-FirstCall/ -- GATX Corporation (NYSE: GMT)
today announced it expects to report 2002 first quarter earnings in the range
of $.35-$.40 per diluted share. The expected results, which slightly exceed
First Call earnings estimates, reflect continued weakness in the company's
primary markets, driven largely by economic conditions.
Full details of GATX Corporation's 2002 first quarter results will be made
available in a press release on Tuesday, April 23rd. The company will host a
teleconference that day to discuss details of the first quarter results. The
call will also be accessible via the Internet.
The company also announced that a slide presentation for fixed income
investors is currently available at http://www.gatx.com . The slide presentation
contains a general business overview as well as an update on the company's air
portfolio.
COMPANY DESCRIPTION
GATX Corporation (NYSE: GMT) is a specialized finance and leasing company.
It uniquely combines asset knowledge and services, structuring expertise,
creative partnering and risk capital to provide business solutions to
customers and partners worldwide. GATX specializes in railcar and locomotive
leasing, aircraft operating leasing, information technology leasing, venture
finance and diversified finance.
FORWARD-LOOKING STATEMENTS
Certain statements within this document may constitute forward-looking
statements made pursuant to the safe harbor provision of the Private
Securities Litigation Reform Act of 19995. These statements are identified by
words such as "anticipate," "believe," "estimate," "expects," "intend,"
"predict," or "project" and similar expressions. This information may involve
risks and uncertainties that could cause actual results to differ materially
from the forward-looking statements. Although the company believes that the
expectations reflected in such forward-looking statements are based on
reasonable assumptions, such statements are subject to risks and uncertainties
that could cause actual results to differ materially from those projected.
Risks and uncertainties include, but are not limited to, general economic
conditions and/or the market changes resulting from the events of September
11, 2001; aircraft and railcar lease rate and utilization levels, conditions
in the capital markets and the potential for a downgrade in our credit rating,
either of which could have an effect on our borrowing costs or our ability to
access the markets for commercial paper or secured and unsecured debt;
dynamics affecting customers within the chemical, petroleum and food
industries; competitors in the rail and air markets who may have access to
capital at lower costs that GATX; additional potential write-downs and/or
provisions within GATX's portfolio; and general market conditions in the rail,
air, technology, venture, and other large-ticket industries.
Investor, corporate information and press releases may be found at
http://www.gatx.com . A variety of current financial information, historical
financial information, press releases and photographs are available at this
site.
SOURCE GATX Corporation
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Related links:
http://www.gatx.com
Company News On-Call:
http://www.prnewswire.com/comp/105121.html
CONTACT:
Analysts and Investors, Robert C. Lyons of
GATX Corporation, +1-312-621-6633
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