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Jun 30, 2023
CSX Q2 2023 Earnings Report
CSX reported a decrease in operating income and revenue due to lower fuel prices and intermodal volumes, partially offset by volume growth in coal and merchandise.
Key Takeaways
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.
Operating income decreased 13% to $1.48 billion compared to the same period in 2022.
Revenue totaled $3.70 billion, declining 3% year-over-year.
Diluted EPS decreased 9% to $0.49 from $0.54 in the prior year.
The ONE CSX team continued to build momentum this quarter as our merchandise and coal businesses continued to demonstrate significant volume gains.
Forward Guidance
CSX looks forward to meeting the opportunities ahead in the second half of the year and over the long term as they position CSX for sustainable, profitable growth.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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