Core Insights - CSX reported $3.54 billion in revenue for the quarter ended December 2024, reflecting a year-over-year decline of 3.8% and an EPS of $0.42, down from $0.45 a year ago [1] - The revenue fell short of the Zacks Consensus Estimate of $3.58 billion by 1.24%, and the EPS also missed the consensus estimate of $0.43 by 2.33% [1] Financial Performance Metrics - Operating Margin was reported at 31.3%, significantly lower than the estimated 64.5% by analysts [4] - Revenue per unit for Intermodal was $705, compared to the average estimate of $713.29 [4] - Volume for Merchandise - Chemicals was 171 thousand, slightly above the average estimate of 169.92 thousand [4] - Volume for Merchandise - Agricultural and Food Products was 116 thousand, below the average estimate of 123.2 thousand [4] - Revenue from Coal was $499 million, below the average estimate of $510.69 million, representing a year-over-year decline of 19.5% [4] - Revenue from Intermodal was $526 million, slightly above the average estimate of $525.77 million, with a year-over-year decline of 4.7% [4] - Revenue from Merchandise - Fertilizers was $125 million, below the average estimate of $130.32 million, reflecting a year-over-year decline of 7.4% [4] - Revenue from Merchandise - Chemicals was $708 million, slightly below the average estimate of $710.15 million, with a year-over-year increase of 7.1% [4] - Revenue from Merchandise - Automotive was $296 million, below the average estimate of $308.92 million, representing a year-over-year decline of 5.7% [4] - Revenue from Merchandise - Minerals was $189 million, above the average estimate of $180.92 million, with a year-over-year increase of 5.6% [4] - Revenue from Merchandise - Forest Products was $257 million, in line with the average estimate of $257.67 million, showing a year-over-year increase of 2.4% [4] - Total Merchandise revenue was $2.19 billion, slightly below the average estimate of $2.22 billion, with a year-over-year increase of 0.4% [4] Stock Performance - CSX shares returned +2.1% over the past month, compared to the Zacks S&P 500 composite's +2.7% change [3] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the broader market in the near term [3]

CSX (CSX) came out with quarterly earnings of $0.42 per share, missing the Zacks Consensus Estimate of $0.43 per share. This compares to earnings of $0.45 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -2.33%. A quarter ago, it was expected that this freight railroad would post earnings of $0.48 per share when it actually produced earnings of $0.46, delivering a surprise of -4.17%.Over the last four quarters, the company has ...

CSX has a tough fourth quarter, with revenue and earnings falling short amidst transportation sector challenges.Freight railroad operator CSX (CSX 1.29%) reported fourth-quarter and full-year 2024 earnings on Thursday, Jan. 23, that missed analysts' consensus estimates. The company reported earnings per share (EPS) of $0.38, falling short of the forecast because it was impacted by a goodwill impairment charge. Revenue totaled $3.54 billion, slightly missing the $3.56 billion forecast, reflecting top-line pr ...

2024 FOURTH QUARTER CONFERENCE CALL 1.23.2025 Forward Looking Disclosure This information and other statements by the company may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act with respect to, among other items: projections and estimates of earnings, revenues, margins, volumes, rates, cost-savings, expenses, taxes, liquidity, capital expenditures, dividends, share repurchases or other financial items, statements of management's plans, strategies and ob ...

JACKSONVILLE, Fla., Jan. 23, 2025 (GLOBE NEWSWIRE) -- CSX Corp. (NASDAQ: CSX) today announced fourth quarter 2024 operating income of $1.11 billion compared to $1.32 billion in the prior year period. Net income was $733 million, or $0.38 per diluted share, compared to $882 million, or $0.45 per diluted share, in the same period last year. Results for the fourth quarter include a pre-tax, non-cash goodwill impairment charge of $108 million. Total volume of 1.58 million units for the quarter was 1% higher com ...

Financial Performance - Fourth quarter 2024 operating income was $1.11 billion, down 16% from $1.32 billion in the prior year period[2] - Net income for the fourth quarter was $733 million, or $0.38 per diluted share, compared to $882 million, or $0.45 per diluted share, in the same period last year[2] - Total revenue for the fourth quarter was $3.54 billion, a decrease of 4% year-over-year, primarily due to declines in fuel surcharge and coal revenue[8] - For the full year 2024, operating income was $5.25 billion, down 5% from the previous year, with net income of $3.47 billion, or $1.79 per share[3] - Adjusted operating income for the fourth quarter was $1.21 billion, and for the full year it was $5.35 billion, resulting in adjusted operating margins of 34.3% and 36.8% respectively[8] - The operating margin for the year ended December 31, 2023, was revised to 37.5%, down from 37.9%[26] - GAAP operating income for Q4 2024 was $1,106 million with an operating margin of 31.3%[69] - Adjusted operating income for Q4 2024 increased to $1,214 million, reflecting an adjusted operating margin of 34.3%[69] Revenue and Volume Metrics - The total volume for the fourth quarter was 1.58 million units, which was 1% higher compared to the fourth quarter of 2023[2] - Total revenue decreased by 4% in Q4 2024 compared to Q4 2023, primarily due to lower fuel recovery and coal revenue, partially offset by higher merchandise pricing and volume[37] - Total merchandise volume increased slightly by 1% to 650 million tons in 2024, while total revenue per unit decreased by 5% to $2,247[36] - Coal tonnage decreased by 7% in Q4 2024, with domestic coal down 12% and export coal down 3% compared to Q4 2023[44] - Fuel surcharge revenue decreased to $221 million in Q4 2024 from $334 million in Q4 2023, reflecting lower fuel prices[39] - Intermodal volume increased by 5% in 2024, driven by higher international shipments and growth with key customers[42] Cash Flow and Assets - Cash and cash equivalents decreased to $933 million from $1.35 billion year-over-year[19] - Total assets increased to $42.76 billion, up from $42.21 billion in the previous year[19] - Net cash provided by operating activities decreased to $5,247 million in 2024 from $5,514 million in 2023[22] - The company reported a net decrease in cash and cash equivalents of $420 million for the year ended December 31, 2024[22] - Total cash used in investing activities increased to $2,605 million in 2024 from $2,227 million in 2023[22] - Free cash flow (FCF) before dividends for 2024 was $2,784 million, a decrease from $3,345 million in 2023[81] - Cash from operating activities in 2024 was $5,247 million, compared to $5,514 million in 2023[81] Challenges and Impairments - The company faced challenges in 2024, including impacts from major hurricanes and infrastructure outages, but remained focused on customer satisfaction and operational efficiency[4] - The company recognized a goodwill impairment charge of $108 million in the fourth quarter of 2024[30] - Goodwill impairment expense for Quality Carriers was $108 million for 2024, reflecting challenges in that segment[49] - The company incurred a goodwill impairment of $108 million in Q4 2024, impacting net earnings[69] Safety and Operational Metrics - Train velocity remained flat at 18.3 miles per hour, while dwell time increased by 17% to 11.2 hours compared to Q4 2023[54] - The FRA personal injury frequency index increased by 42% to 1.01 in Q4 2024, indicating a deterioration in safety performance[56] - The company reported a FRA personal injury frequency index and train accident rate, which are essential for safety performance metrics[63] Strategic Outlook - The company plans to continue strategic investments to enhance economic profit and shareholder returns[70] - Future outlook includes addressing the impacts of tax payments related to Hurricane Idalia, which affected cash flow dynamics[79]

CSX Corporation CSX will release its fourth-quarter financial results, after the closing bell, on Thursday, Jan. 23, 2025.Analysts expect the Jacksonville, Florida-based company to report quarterly earnings at 42 cents per share, down from 45 cents per share in the year-ago period. CSX projects quarterly revenue of $3.56 billion, compared to $3.68 billion a year earlier, according to data from Benzinga Pro.On Jan. 16, Wells Fargo analyst Aaron Rakers maintained Seagate with an Equal-Weight rating and lowere ...

Group 1 - Hedge funds achieved an average gain of 10.7% in 2024 after fees [1] - The performance of hedge funds is highlighted in a Wall Street Journal article [1] Group 2 - The article emphasizes the positive outlook for hedge funds based on their recent performance [1] - The mention of a free trial for in-depth research on various investment vehicles indicates a growing interest in alternative income sources [1]

CSX Corporation Is Being Investigated For Securities Fraud And Impacted Investors Are Urged To Contact The Schall Law Firm ...

The upcoming report from CSX (CSX) is expected to reveal quarterly earnings of $0.43 per share, indicating a decline of 4.4% compared to the year-ago period. Analysts forecast revenues of $3.58 billion, representing a decrease of 2.6% year over year.The consensus EPS estimate for the quarter has undergone a downward revision of 4.2% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.Prior ...