CSX 8-K: CSX Q1 2023 EPS $0.48 beats $0.39 YoY; revenue up 9% to $3.71B

CSX Q1 2023 EPS $0.48 beats $0.39 YoY; revenue up 9% to $3.71B

CSX CORP

2023-Q1 EPS reported $0.48 revenue$3,706,000,000

Net earnings $987M ($0.48 diluted EPS) vs $859M ($0.39) in Q1 2022, up 23%.

Revenue $3.71B, +9% YoY, driven by volume growth in merchandise/coal, fuel surcharge, and pricing.

Operating income $1.46B, +14% YoY; operating ratio improved to 60.5%.

CEO Joe Hinrichs cites ONE CSX initiatives for employee engagement and service gains.

Conference call at 4:30 PM ET; materials available at investors.csx.com.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

CSX CORP reported first quarter 2023 results: revenue $3.71 billion, net income $987 million, EPS $0.48 per share.

Period: first quarter 2023
Revenue: $3.71 billion
Net income: $987 million
EPS: $0.48 per share
Result: reported results

Exact text from the filing

CSX Corp. (NASDAQ: CSX) today announced first quarter 2023 operating income of $1.46 billion compared to $1.28 billion in the prior year period. Net earnings of $987 million , or $0.48 per share, compared to $859 million, or $0.39 per share, in the same period last year. “CSX had an encouraging start to the year as the efforts of our dedicated railroaders resulted in strong earnings growth,” said Joe Hinrichs, president and chief executive officer. “Our ONE CSX initiatives are driving positive engagement among our employees and customers, which is lifting our service performance and providing us with exciting opportunities to win business and move more freight while maintaining our fundamental commitment to safe operations.” First Quarter Financial Highlights • Revenue reached $3.71 billion for the quarter, increasing 9% year-over-year, driven by solid volume growth in merchandise and coal, higher fuel surcharge, and pricing gains. • Operating income of $1.46 billion increased 14% comp

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