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Jun 30, 2021
CSX Q2 2021 Earnings Report
CSX reported Q2 2021 earnings with increased revenue and improved operating income.
Key Takeaways
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.
Net earnings were $1,173 million, or $0.52 per share.
Revenue increased 33% year over year to $2.99 billion.
Operating ratio improved to 43.4%.
Results include benefits from the sale of certain property rights to the Commonwealth of Virginia, which favorably impacted operating income by $349 million and earnings per share by $0.12.