CSX Q1 2020 Earnings Report

CSX's first quarter earnings declined compared to the same period last year.

Key Takeaways

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%.

Net earnings were $770 million, or $1.00 per share.

Operating ratio improved to a Class I railroad first quarter record of 58.7 percent.

Revenue decreased 5 percent year over year to $2.86 billion.

Expenses decreased 7 percent year over year to $1.68 billion.

Total Revenue

$2.86B

Previous year: $3.01B