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Sep 30, 2024
CSX Q3 2024 Earnings Report
CSX's Q3 2024 earnings were announced, revealing an increase in operating income and diluted EPS compared to the prior year period.
Key Takeaways
CSX Corp. reported a 7% increase in operating income to $1.35 billion and a 12% increase in diluted EPS to $0.46 for Q3 2024. Total revenue increased by 1% year-over-year to $3.62 billion, driven by growth in merchandise and intermodal volume, partially offset by a decline in coal revenue.
Operating income increased by 7% to $1.35 billion compared to the same period in 2023.
Net earnings were $894 million, or $0.46 per diluted share, compared to $828 million, or $0.41 per diluted share, in the same period last year.
Revenue totaled $3.62 billion, a 1% increase year-over-year.
Total volume of 1.59 million units for the quarter was 3% higher compared to third quarter 2023.
Forward Guidance
This information and other statements by the company may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act with respect to, among other items: projections and estimates of earnings, revenues, margins, volumes, rates, cost-savings, expenses, taxes, liquidity, capital expenditures, dividends, share repurchases or other financial items, statements of management's plans, strategies and objectives for future operations, and management's expectations as to future performance and operations and the time by which objectives will be achieved, statements concerning proposed new services, and statements regarding future economic, industry or market conditions or performance.
Positive Outlook
- projections and estimates of earnings
- projections and estimates of revenues
- projections and estimates of margins
- statements of management's plans
- statements of management's strategies and objectives for future operations
Challenges Ahead
- changes in domestic or international economic, political or business conditions
- legislative or regulatory changes
Historical Earnings Impact
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Avg. Return Before/After Earnings
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