earnings
confidence high
sentiment negative
materiality 0.50
CSX Q1 2024 EPS $0.46, down 4% YoY; revenue $3.68B, -1% YoY
CSX CORP
2024-Q1 EPS reported
$0.46
revenue$3,681,000,000
- Operating income $1.35B, down 8% YoY; operating margin 36.8%, down 270 bps YoY.
- Net earnings $893M ($0.46 diluted EPS) vs $987M ($0.48) in Q1 2023.
- Total volume 1.53M units, up 3% YoY; intermodal +7%, coal +2%, merchandise flat.
- Revenue $3.68B declined 1% YoY on lower fuel surcharge, trucking revenue, and export coal prices.
- CEO Joe Hinrichs said results were in-line with expectations; sequential EPS up 2% vs Q4 2023.