CSX Corp

CSX

Equity

ISIN US1264081035 / Valor 923022

NASDAQ (2024-12-26)

USD 32.52-0.15%

CSX Corp
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About company

CSX Corp, headquartered in Jacksonville, Fla., is a prominent transportation provider in the United States, offering rail and intermodal services across major markets in the eastern U.S. The company's network spans approximately 20,000 route miles of track in 23 states, the District of Columbia, and parts of Canada, providing access to numerous port terminals along the Atlantic and Gulf Coasts, the Great Lakes, and the St. Lawrence Seaway. CSX's services include traditional rail transport as well as the movement of intermodal containers and trailers, catering to a wide range of customers in various industries. With alliances with western railroads, the company also has access to Pacific ports, enhancing its reach and capabilities in the transportation sector.

Summarized from source with an LLMView SourceSector: Consumer Services

Operating Income Growth

CSX Corp. reported a significant increase in operating income for the third quarter of 2024, reaching $1.35 billion. This marks a 7% growth compared to the $1.27 billion recorded in the same period of the previous year, showcasing the company's strong operational performance.

Revenue Increase

For the third quarter of 2024, CSX Corp. achieved a revenue of $3.62 billion, reflecting a 1% increase from the prior year's third quarter. This growth was driven by higher merchandise and intermodal volumes, as well as merchandise pricing gains, despite a decline in coal revenue and other factors.

Net Earnings and EPS

CSX Corp.'s net earnings for the third quarter of 2024 were $894 million, translating to $0.46 per diluted share. This represents a 12% increase in earnings per share compared to $0.41 in the same quarter of the previous year, indicating improved profitability.

Volume Growth

During the third quarter of 2024, CSX Corp. experienced a 3% increase in total volume, handling 1.59 million units. This growth underscores the company's ability to expand its service capacity and meet customer demand effectively.

Operating Margin Improvement

CSX Corp. reported an operating margin of 37.4% for the third quarter of 2024, which is an improvement of 180 basis points from the previous year. This enhancement in operating margin highlights the company's efficiency and cost management efforts.

Summarized from source with an LLMView Source

Key figures

-6.95%1Y

-11.6%3Y

33.9%5Y

Performance

21.4%1Y

23.7%3Y

29.4%5Y

Volatility