CSX Q4 earnings $0.45, down 8% YoY; revenue $3.68B, -1% as volumes edge higher

CSX CORP

2023-FY EPS reported $1.85 revenue$14,657,000,000

Q4 operating income $1.32B (-10% YoY); net earnings $886M ($0.45 diluted EPS) vs $1.02B ($0.49).
Q4 revenue $3.68B (-1%); total volume +1% (Merchandise +3%, Coal +3%, Intermodal flat).
Full-year 2023 operating income $5.56B (-8%); net earnings $3.72B ($1.85 EPS) vs $4.17B ($1.95).
CEO Joe Hinrichs expects profitable growth in 2024, citing network performance and customer service focus.

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 1.0

CSX CORP reported the quarter ended December 31, 2023 results: revenue $3.68 billion, net income $886 million, EPS $0.45 per diluted share.

Period: the quarter ended December 31, 2023
Revenue: $3.68 billion
Net income: $886 million
EPS: $0.45 per diluted share
Result: reported results

Exact text from the filing

resources in place, and we look forward to building on our positive momentum with profitable growth over this next year.” Fourth Quarter Financial Highlights • Revenue totaled $3.68 billion for the quarter, declining 1% year-over-year a s the effects of volume growth and favorable merchandise pricing were more than offset by lower intermodal storage revenue, reduced

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

CSX CORP reported the full year 2023 results: revenue $14.66 billion, net income $3.72 billion, EPS $1.85 per share.

Period: the full year 2023
Revenue: $14.66 billion
Net income: $3.72 billion
EPS: $1.85 per share
Result: reported results

Exact text from the filing

2022. CSX's operating ratio was 64.1% for the quarter. • Diluted EPS of $0.45 decreased 8% from $0.49 in the prior year. Full Year 2023 Financial Highlights • Revenue total ed $14.66 billion in 2023, decreasing 1% year-over-year as the impacts of a decline in intermodal storage revenue, reduced fuel surcharge, lower global benchmark coal prices, and a decrease in

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Source: SEC EDGAR

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