CSX Q1 net earnings $859M, EPS $0.39, revenue up 21% to $3.41B

CSX CORP

2022-Q1 EPS reported $0.39 revenue$3,413,000,000

Net earnings $859M (diluted EPS $0.39) vs $706M ($0.31) in Q1 2021, up 26% YoY.
Revenue $3.41B, +21% YoY; revenue per unit +24% offset 2% volume decline.
Operating income $1.28B, +16%; operating ratio 62.4%, up 150 bps including Quality Carriers impact and higher fuel.
Includes $17M environmental reserve expense and $20M property sale gain from Virginia transaction.
CEO cites supportive market; expects network fluidity improvements and growth opportunities.

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