earnings
confidence high
sentiment neutral
materiality 0.70
CSX Q2 2024 EPS $0.49 flat YoY; revenue $3.70B flat; volume up 2%
CSX CORP
2024-Q2 EPS reported
$0.94
revenue$7,382,000,000
- Operating income $1.45B (-1% YoY); net earnings $963M vs $984M prior year.
- EPS $0.49 flat YoY, up 9% sequentially; operating margin 39.1% (-50bps YoY, +280bps seq).
- Revenue $3.70B flat as merchandise pricing gains offset lower export coal and fuel surcharge.
- Total volume 1.58M units (+2% YoY); intermodal and merchandise growth led.
- CEO cites sequential gains and expects year-over-year margin expansion in H2 2024.