Andre Tomczyk

“I just wanted to touch on the gain on sale to start within manufacturing. I think you said $13 million of EBIT, and X of that gain, it was a 5.1% margin. And I'm curious, one, just from an EPS perspective, is that of roughly 12 cents of earnings?”

“Curious, maybe if we could just first touch on the leasing margin in the fourth quarter. I think it was 58%. I think that was a little lower than we were expecting down a couple hundred basis points sequentially.”

“I'm just curious if we could start off on the tariff front just to get a little more clarity there. Our understanding is recent amendments to Section 232 investigations could be imposing a tariff on the full value of tank cars coming out of Mexico into the U.S.”

“Just wanted to follow up quickly on the manufacturing. Wanted to dig in on this quarter's margin performance, specifically the gross profit margin was down 600 basis points year over year.”

“First, could you just provide more color on the macro volatility that you mentioned and how it might specifically impact the North America rail car segment and geographically, if you could get into that as well.”