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Mar 31, 2024
CSX Q1 2024 Earnings Report
CSX's first quarter results were announced, revealing a slight decrease in revenue and earnings per share compared to the previous year, while volumes showed growth.
Key Takeaways
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.
Operating income decreased by 8% year-over-year to $1.35 billion.
Net earnings declined to $893 million, with diluted EPS at $0.46.
Total volume increased by 3% compared to the first quarter of 2023.
Revenue totaled $3.68 billion, a 1% decrease year-over-year.
CSX
CSX
Forward Guidance
CSX is focused on improving the reliability and fluidity of its network and aims to build on its momentum, expecting favorable trends across many of the markets it serves.