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Mar 31, 2023
CSX Q1 2023 Earnings Report
CSX reported strong earnings growth driven by ONE CSX initiatives.
Key Takeaways
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.
Operating income increased 14% compared to the prior year.
Revenue reached $3.71 billion, a 9% year-over-year increase.
Diluted EPS increased 23% from the first quarter of 2022.
Net earnings increased to $987 million, or $0.48 per share.
CSX
CSX
Forward Guidance
This information and other statements by the company may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act.