CSX Q3 2023 EPS $0.42, down 19% YoY; revenue falls 8% to $3.57B

CSX CORP

2023-Q3 EPS reported $1.40 revenue$10,977,000,000

Net earnings of $846M ($0.42 diluted EPS) vs $1.11B ($0.52) a year ago.
Operating income $1.30B, down 18% YoY; operating ratio 63.8%.
Revenue $3.57B, down 8% due to lower fuel prices, reduced intermodal storage, and export coal pricing.
Merchandise segment solid; coal volumes grew strongly; intermodal volumes declined.
CEO cites mixed markets but improving sequential trends in key end markets.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

CSX CORP reported third quarter 2023 results: revenue Revenue totaled $3.57 billion for the quarter, net income Net earnings of $846 million, EPS $0.42 per diluted share.

Period: third quarter 2023
Revenue: Revenue totaled $3.57 billion for the quarter
Net income: Net earnings of $846 million
EPS: $0.42 per diluted share
Result: reported results

Exact text from the filing

drive positive business results, and we are encouraged to see improving sequential trends in some of our key end markets.” Third Quarter Financial Highlights • Revenue totaled $3.57 billion for the quarter, declining 8% year-over-year as the effects of lower fuel prices, reduced intermodal storage revenue, a decline in export coal benchmark prices, and a decrease in

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Source: SEC EDGAR

accession 0000277948-23-000051

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