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Jun 30, 2024
CSX Q2 2024 Earnings Report
CSX's Q2 2024 operating income decreased slightly, but the company saw strong sequential increases in volume, operating income, margin, and earnings per share.
Key Takeaways
CSX Corp. reported a slight decrease in operating income for Q2 2024, with $1.45 billion compared to $1.47 billion in the prior year period. Net earnings were $963 million, or $0.49 per diluted share. Total volume increased by 2% compared to Q2 2023, and the company is positioned to achieve solid year-over-year margin expansion over the remainder of 2024.
Operating income was $1.45 billion, a 1% decrease year-over-year.
Net earnings reached $963 million, with diluted EPS of $0.49.
Total revenue remained flat at $3.70 billion.
Total volume increased by 2% compared to the second quarter of 2023.
CSX
CSX
Forward Guidance
CSX is well-positioned to achieve solid year-over-year margin expansion over the remainder of 2024.