CSX Earnings Reports

CSX posted weaker results for Q1 2025 due to lower revenue from coal and merchandise, along with infrastructure-related disruptions that impacted operations.

CSX Corp. announced fourth quarter 2024 results with operating income of $1.11 billion and net income of $733 million, or $0.38 per diluted share. Revenue totaled $3.54 billion, a 4% decrease year-over-year. The results include a pre-tax, non-cash goodwill impairment charge of $108 million. Total volume increased by 1% compared to the fourth quarter of 2023.

CSX Corp. reported a 7% increase in operating income to $1.35 billion and a 12% increase in diluted EPS to $0.46 for Q3 2024. Total revenue increased by 1% year-over-year to $3.62 billion, driven by growth in merchandise and intermodal volume, partially offset by a decline in coal revenue.

CSX Corp. reported a slight decrease in operating income for Q2 2024, with $1.45 billion compared to $1.47 billion in the prior year period. Net earnings were $963 million, or $0.49 per diluted share. Total volume increased by 2% compared to Q2 2023, and the company is positioned to achieve solid year-over-year margin expansion over the remainder of 2024.

CSX Corp. reported a decrease in operating income to $1.35 billion, compared to $1.46 billion in the prior year. Net earnings also decreased to $893 million, or $0.46 per diluted share, compared to $987 million, or $0.48 per diluted share, in the same period last year. However, total volume increased by 3% to 1.53 million units, driven by growth in intermodal and coal volumes.

CSX Corp. reported a decrease in operating income, net earnings, and diluted EPS for Q4 2023 compared to Q4 2022. Total volume increased slightly, driven by merchandise and coal volume growth, offset by declines in intermodal storage revenue, reduced fuel surcharge, and lower global benchmark coal prices.

CSX announced third quarter 2023 results with operating income of $1.30 billion, net earnings of $846 million, and diluted EPS of $0.42. Revenue totaled $3.57 billion, declining 8% year-over-year.

CSX Corp. announced second quarter 2023 operating income of $1.48 billion, a decrease compared to the prior year period. Revenue totaled $3.70 billion, declining 3% year-over-year. Net earnings were $996 million, or $0.49 per diluted share.

CSX Corp. reported first quarter 2023 results with an increase in operating income, net earnings, and diluted EPS compared to the prior year period. Revenue also increased due to solid volume growth in merchandise and coal, higher fuel surcharge, and pricing gains.

CSX Corp. reported a strong fourth quarter in 2022, with a 7% increase in operating income to $1.46 billion and a 17% increase in diluted EPS to $0.49 compared to Q4 2021. Revenue also increased by 9% year-over-year, reaching $3.73 billion.

CSX Corp. announced third quarter 2022 operating income of $1.58 billion compared to $1.44 billion in the prior year period. Net earnings were $1.11 billion, or $0.52 per share, compared to $968 million, or $0.43 per share in the same period last year. Revenue reached $3.90 billion, increasing 18% year-over-year.

CSX Corp. announced second quarter 2022 net earnings of $1,178 million, or $0.54 per share, compared to $1,173 million, or $0.52 per share in the same period last year. Second quarter 2022 operating income was $1.70 billion compared to $1.69 billion in the prior year period.

CSX Corp. announced first quarter 2022 net earnings of $859 million, or $0.39 per share, compared to $706 million, or $0.31 per share in the same period last year. Revenue reached $3.41 billion for the quarter, increasing 21% year-over-year.

CSX Corp. announced fourth quarter 2021 net earnings of $934 million, or $0.42 per share, compared to $760 million, or $0.33 per share in the same period last year. Revenue for the fourth quarter increased 21 percent from the prior year to $3.43 billion, driven by growth across all major lines of business, increases in other revenue and the inclusion of Quality Carriers’ results. Operating income improved 12 percent to $1.37 billion for the quarter.

CSX reported a revenue increase of 24% to $3.29 billion, driven by growth across all business lines, increases in other revenue and the inclusion of Quality Carriers’ results. Net earnings were $968 million, or $0.43 per share, compared to $736 million, or $0.32 per share in the same period last year. Operating income improved 26 percent to $1.44 billion for the quarter.

CSX Corp. announced second quarter 2021 net earnings of $1,173 million, or $0.52 per share, compared to $499 million, or $0.22 per share in the same period last year. Revenue for the second quarter increased 33 percent from the prior year to $2.99 billion, driven by growth across all lines of business. Operating ratio was 43.4% compared to 63.3% in the prior year period.

CSX Corp. reported first quarter 2021 net earnings of $706 million, or $0.93 per share, compared to $770 million, or $1.00 per share in the same period last year. Revenue for the first quarter decreased 1 percent from the prior year to $2.81 billion.

CSX announced fourth quarter 2020 net earnings of $760 million, or $0.99 per share. These results include a charge of $48 million, or $0.05 per share after-tax, related to the early retirement of debt. Revenue for the fourth quarter decreased 2 percent from the prior year to $2.83 billion.

CSX Corp. reported net earnings of $736 million, or $0.96 per share, for the third quarter of 2020, compared to $856 million, or $1.08 per share, in the same period last year. Revenue for the third quarter decreased 11 percent year over year to $2.65 billion.

CSX Corp. announced second quarter 2020 net earnings of $499 million, or $0.65 per share, versus $870 million, or $1.08 per share in the same period last year. Revenue for the second quarter decreased 26 percent over the prior year to $2.26 billion. Operating income declined 37 percent for the quarter to $828 million compared to $1.31 billion in the same period last year.

CSX Corp. reported a decrease in first quarter earnings to $770 million, or $1.00 per share, compared to $834 million, or $1.02 per share, in the same period last year. Revenue also decreased by 5% to $2.86 billion, while operating ratio improved to a record 58.7%.

CSX reported Q4 2019 net earnings of $771 million, or $0.99 per share, compared to $843 million, or $1.01 per share in the same period last year. Revenue decreased by 8% to $2.89 billion, while expenses decreased by 9% to $1.73 billion. The operating ratio set a company record for the fourth quarter at 60.0 percent.