Core Viewpoint - CSX reported quarterly earnings of $0.46 per share, missing the Zacks Consensus Estimate of $0.48 per share, but showing an increase from $0.42 per share a year ago [1] - The company posted revenues of $3.62 billion for the quarter, which was also below the Zacks Consensus Estimate by 1.56% [1] Financial Performance - Earnings surprise of -4.17% for the recent quarter, while the previous quarter had a positive surprise of 2.08% [1] - Over the last four quarters, CSX has surpassed consensus EPS estimates three times [1] - Year-over-year revenue comparison shows an increase from $3.57 billion [1] Future Outlook - Current consensus EPS estimate for the upcoming quarter is $0.50 on revenues of $3.74 billion, and for the current fiscal year, it is $1.93 on revenues of $14.8 billion [4] - The estimate revisions trend for CSX is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market [4] Industry Context - The Transportation - Rail industry is currently in the top 13% of Zacks industries, suggesting a favorable outlook compared to the bottom 50% [5] - Canadian Pacific Kansas City, a peer in the same industry, is expected to report quarterly earnings of $0.74 per share, reflecting a year-over-year increase of 7.3% [5][6]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (☒) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR (☐) TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission File Number 1-8022 CSX CORPORATION (Exact name of registrant as specified in its charter) Virginia 62-10519 ...

Financial Performance - Q3 2024 operating income increased to $1.35 billion, up 7% year-over-year from $1.27 billion in Q3 2023[1] - Net earnings for Q3 2024 were $894 million, or $0.46 per diluted share, compared to $828 million, or $0.41 per diluted share, in Q3 2023[1] - Revenue for Q3 2024 totaled $3.62 billion, a 1% increase year-over-year, driven by growth in merchandise and intermodal volume[3] - Operating margin for Q3 2024 was 37.4%, up 180 basis points year-over-year[3] - Diluted EPS for Q3 2024 was $0.46, a 12% increase compared to the prior year quarter[3] - Net Earnings for the nine months ended September 30, 2024, were $2.737 billion, compared to $2.786 billion for the same period in 2023[19] - CSX's Economic Profit for nine months ended Sep 30, 2024 was $1.865 billion, compared to $1.993 billion in the same period of 2023[63] - CSX's operating income for nine months ended Sep 30, 2024 was $4.139 billion, compared to $4.184 billion in 2023[63] - Gross Cash Earnings (GCE) for nine months ended Sep 30, 2024 was $4.643 billion, slightly down from $4.647 billion in 2023[63] - Free Cash Flow (FCF) before dividends decreased by $301 million to $2.218 billion in nine months ended Sep 30, 2024 compared to 2023[66] Volume and Revenue - Total volume for Q3 2024 was 1.59 million units, a 3% increase compared to Q3 2023[1] - Total revenue increased 1% in Q3 2024 compared to Q3 2023, driven by higher merchandise and intermodal volumes, partially offset by lower coal revenue and fuel recovery[41] - Chemicals volume increased 9% in Q3 2024, with revenue up 13% to $727 million, driven by higher shipments of plastics, crude oil, and natural gas liquids[38][43] - Intermodal volume increased 3% in Q3 2024, with international shipments rising due to higher east coast port volumes, while domestic shipments remained flat[38][44] - Coal volume decreased 2% in Q3 2024, with domestic coal down 12% and export coal up 10%[38][46] - Total revenue ton-miles increased 2% in Q3 2024 to 48.8 billion, with merchandise up 4% and intermodal up 1%[53] Expenses and Costs - Labor and fringe expenses increased by 6% to $806 million in Q3 2024 compared to $761 million in Q3 2023[14] - Fuel expenses decreased by 21% to $276 million in Q3 2024 from $349 million in Q3 2023[14] - Total expenses decreased 2% in Q3 2024 to $2.3 billion, with labor and fringe costs up $45 million due to inflation and higher headcount[49] - Locomotive fuel consumption decreased 9% in Q3 2024, with fuel costs down 17% due to lower fuel prices and improved efficiency[51] - Fuel surcharge revenue decreased to $245 million in Q3 2024 from $266 million in Q3 2023, with a favorable fuel lag of $10 million[42] Cash Flow and Capital - Net Cash Provided by Operating Activities for the nine months ended September 30, 2024, was $3.859 billion, down from $4.025 billion in 2023[19] - Net Cash Used in Investing Activities for the nine months ended September 30, 2024, was $1.722 billion, compared to $1.506 billion in 2023[20] - Net Cash Used in Financing Activities for the nine months ended September 30, 2024, was $1.846 billion, down from $3.092 billion in 2023[22] - Cash and Cash Equivalents at the End of the Period were $1.644 billion for September 30, 2024, compared to $1.360 billion in 2023[22] - Property additions increased to $1.691 billion in nine months ended Sep 30, 2024 from $1.571 billion in 2023[66] Balance Sheet and Debt - Total assets as of September 30, 2024, were $43.069 billion, up from $42.212 billion as of December 31, 2023[17] - Long-term debt increased to $18.535 billion as of September 30, 2024, from $17.975 billion as of December 31, 2023[16] - CSX's Gross Operating Assets (GOA) increased to $46.3 billion in 2024 from $44.229 billion in 2023[63] - Capital Charge for nine months ended Sep 30, 2024 was $2.778 billion, up from $2.654 billion in 2023[63] Share Repurchases - Shares Repurchased during the nine months ended September 30, 2024, were 35 million at a cost of $1.212 billion, compared to 94 million shares at $2.901 billion in 2023[36] - Average Cost per Share Repurchased during the nine months ended September 30, 2024, was $34.60, up from $30.99 in 2023[36] Operational Metrics - Train velocity improved 6% in Q3 2024 to 18.6 miles per hour, while dwell time increased 7% to 10.3 hours[53] - FRA personal injury frequency increased 16% in Q3 2024, while the train accident rate decreased 25%[54][55] - The inclusion of Pan Am network data in operations performance metrics since Q2 2023 had an insignificant impact[56] - Safety metrics will include Pan Am network results starting January 1, 2024, with insignificant impact[56] Tax and Investment Criteria - The company uses a 15% tax rate and 8% required return rate for Economic Profit calculations, consistent with investment decision criteria[61] Revisions - Operating Income for the nine months ended September 30, 2023, was revised to $4.184 billion from $4.241 billion due to adjustments[30] - Net Earnings for the nine months ended September 30, 2023, were revised to $2.786 billion from $2.829 billion[30]

JACKSONVILLE, Fla., Oct. 16, 2024 (GLOBE NEWSWIRE) -- CSX Corp. (NASDAQ: CSX) today announced third quarter 2024 operating income of $1.35 billion compared to $1.27 billion in the prior year period. Net earnings were $894 million, or $0.46 per diluted share, compared to $828 million, or $0.41 per diluted share, in the same period last year. Total volume of 1.59 million units for the quarter was 3% higher compared to third quarter 2023. “CSX's commitment to excellent service allowed us to deliver meaningful ...

Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? CSX (CSX) , which belongs to the Zacks Transportation - Rail industry, could be a great candidate to consider.This freight railroad has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 2.15%.For the last reported quarter, CSX came out with earnings ...

Governor Larry Hogan arrives by CSX train at Seagirt Marine Terminal. He took a railroad tour of the ... [+] Howard Street tunnel along with CSX executives and gave a press conference at the Port about the need for tunnel remodeling so that double-decker containers can be transported through it. (Barbara Haddock Taylor/The Baltimore Sun/Tribune News Service via Getty Images)TNSCSX Stock (NYSE: CSX) will report its Q3 2024 results on Wednesday, Oct 16. We expect the company’s revenues to come in at $3.7 bill ...

Earnings season is upon us and right after the largest banks, we get ready to look through the 10-Qs of North America's economic backbone, represented by its Class 1 railroads. We will open up withI focus on long term growth and dividend growth investing. I follow both the US and the European stock markets, looking for undervalued stock and/or for high quality dividend growing companies that provide me with cash to reinvest. Over time, I have come to realize that profitability is a much safer driver of gain ...

Core Insights - Analysts forecast CSX will report quarterly earnings of $0.48 per share, reflecting a year-over-year increase of 14.3% and revenues of $3.7 billion, up 3.5% from the previous year [1] - There has been a downward revision of 0.7% in the consensus EPS estimate over the last 30 days, indicating a reconsideration of initial forecasts by analysts [1] Revenue Estimates - Estimated 'Revenue- Coal' is projected at $564.89 million, showing a decline of 4.9% year-over-year [2] - 'Revenue- Intermodal' is expected to be $531.24 million, indicating an increase of 2.8% from the prior-year quarter [2] - 'Revenue- Total Merchandise- Fertilizers' is forecasted at $130.65 million, reflecting a growth of 5.4% year-over-year [2] - 'Revenue- Total Merchandise- Chemicals' is anticipated to reach $702.44 million, with an increase of 8.7% compared to the previous year [3] Operating Metrics - The 'Operating Ratio' is expected to be 61.7%, down from 63.8% in the same quarter last year [3] - 'Revenue per unit - Intermodal' is projected at $719.66, slightly lower than the $730 reported in the same quarter last year [3] Volume Estimates - 'Volume - Rail - Automotive' is expected to be 101.14 thousand, consistent with the year-ago figure of 101 thousand [3] - 'Volume - Rail - Merchandise - Minerals' is projected at 94.57 thousand, compared to 95 thousand in the same quarter last year [3] - 'Volume - Rail - Coal' is estimated to reach 189.60 thousand, down from 193 thousand year-over-year [4] - 'Volume - Rail - Merchandise - Fertilizers' is expected at 48.79 thousand, up from 47 thousand in the previous year [4] - 'Volume - Rail - Merchandise - Metals and Equipment' is forecasted at 67.09 thousand, down from 70 thousand year-over-year [4] - 'Volume - Rail - Merchandise - Agricultural and Food Products' is projected at 115.56 thousand, compared to 108 thousand in the same quarter last year [4] Stock Performance - CSX shares have increased by 3.2% over the past month, while the Zacks S&P 500 composite has risen by 5.4% [5] - CSX holds a Zacks Rank 3 (Hold), indicating it is expected to closely follow overall market performance in the near term [5]

Core Viewpoint - Wall Street anticipates a year-over-year increase in earnings for CSX, with a focus on how actual results compare to estimates, which could significantly impact stock price [1] Earnings Expectations - CSX is expected to report quarterly earnings of $0.48 per share, reflecting a year-over-year increase of +14.3% [2] - Revenue projections stand at $3.71 billion, indicating a rise of 3.9% from the same quarter last year [2] Estimate Revisions - The consensus EPS estimate has been revised down by 0.66% over the last 30 days, indicating a bearish sentiment among analysts regarding CSX's earnings prospects [3] - The Most Accurate Estimate for CSX is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -2.59% [6][7] Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that a positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a favorable Zacks Rank [5] - CSX currently holds a Zacks Rank of 3, making it challenging to predict a beat on the consensus EPS estimate [7] Historical Performance - In the last reported quarter, CSX exceeded the expected earnings of $0.48 per share by delivering $0.49, resulting in a surprise of +2.08% [8] - Over the past four quarters, CSX has beaten consensus EPS estimates three times [8] Conclusion - While CSX does not appear to be a compelling candidate for an earnings beat, investors should consider other factors before making investment decisions [9]

JACKSONVILLE, Fla., Oct. 07, 2024 (GLOBE NEWSWIRE) -- CSX Corp. (NASDAQ: CSX) announced today that it will webcast its Investor Day presentations to the financial community on Thursday, November 7, 2024. CSX’s leadership team will outline the ways that the company is leveraging ONE CSX to execute their proven model, building powerful momentum to deliver profitable growth. The webcast will begin at 8 a.m. ET and concludes at approximately 11:30 a.m. ET. To register for the event click here. Additional inform ...