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Sep 30, 2022
CSX Q3 2022 Earnings Report
CSX Corp. reported solid earnings growth in Q3 2022.
Key Takeaways
CSX Corp. announced third quarter 2022 operating income of $1.58 billion compared to $1.44 billion in the prior year period. Net earnings were $1.11 billion, or $0.52 per share, compared to $968 million, or $0.43 per share in the same period last year. Revenue reached $3.90 billion, increasing 18% year-over-year.
Revenue reached $3.90 billion, an 18% year-over-year increase.
Operating income increased 10% compared to the prior year, reaching $1.58 billion.
Operating ratio increased to 59.5%, including the effect of the tentative union agreements.
Diluted EPS of $0.52 increased 21% from $0.43 for the third quarter of 2021.