CSX Q3 2023 Earnings Report

CSX reported a decrease in operating income and diluted EPS due to lower fuel prices, reduced intermodal storage revenue, a decline in export coal benchmark prices, and a decrease in intermodal volumes.

Key Takeaways

CSX announced third quarter 2023 results with operating income of $1.30 billion, net earnings of $846 million, and diluted EPS of $0.42. Revenue totaled $3.57 billion, declining 8% year-over-year.

Operating income decreased 18% to $1.3 billion compared to the same period in 2022.

Revenue totaled $3.57 billion, declining 8% year-over-year.

Diluted EPS decreased 19% to $0.42 from $0.52 in the prior year.

Merchandise business remained solid, and coal operations delivered strong volume growth.