CSX Q2 earnings fall: EPS $0.49 vs $0.54; revenue $3.70B down 3% YoY

CSX CORP

2023-Q2 EPS reported $0.97 revenue$7,405,000,000

Operating income $1.48B, down 13% YoY; net earnings $996M vs $1.18B.
Diluted EPS $0.49 (9% decline); prior year included $0.04/share Virginia land gain.
Revenue $3.70B declined 3% as lower fuel prices and weaker intermodal offset merchandise/coal volume gains.
Operating ratio worsened to 59.9% from prior year.
CEO cites merchandise/coal momentum but intermodal remains challenged.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

CSX CORP reported the quarter ended June 30, 2023 results: revenue $3.70 billion, net income $996 million, EPS $0.49 per diluted share.

Period: the quarter ended June 30, 2023
Revenue: $3.70 billion
Net income: $996 million
EPS: $0.49 per diluted share
Result: reported results

Exact text from the filing

ahead in the second half of the year and over the long term as we position CSX for sustainable, profitable growth.” Second Quarter Financial Highlights • Revenue totaled $3.70 billion for the quarter, declining 3% year-over-year as lower fuel prices, reduced supplemental revenue, a decline in export coal benchmark prices, and a decrease in intermodal volumes

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Source: SEC EDGAR

accession 0000277948-23-000041

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