CSX (CSX) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended December 2023. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The earnings report, which is expected to be released on January 24, 2024, might help the stock move higher if these key numbers are better than expectati ...

JACKSONVILLE, Fla., Jan. 16, 2024 (GLOBE NEWSWIRE) -- CSX (NASDAQ:CSX) continued to prioritize public safety in 2023 with a robust first responder training program that reached over 6,000 individuals in communities across its rail network. The company held over 60 sessions covering hazardous materials handling and incident response tactics, ensuring that first responders, contractors and local government officials are informed and prepared to handle potential emergencies on and around railroad property. "CS ...

JACKSONVILLE, Fla., Jan. 04, 2024 (GLOBE NEWSWIRE) -- CSX Corp. (NASDAQ:CSX) will release fourth quarter financial and operating results after the market close on Wednesday, January 24, 2024. This will be followed by a conference call and live webcast hosted by the company's management team at 4:30 p.m. Eastern Time. Those interested in participating via teleconference may dial 1-888-510-2008. Callers outside the U.S. may dial 1-646-960-0306. Participants should dial in 10 minutes prior to the call and use ...

CSX Corporation (NASDAQ:CSX) Stephens Investment Conference Conference Call November 14, 2023 10:00 AM ET Company Participants Sean Pelkey - EVP & CFO Matthew Korn - Head, IR Conference Call Participants Justin Long - Stephens Inc. Justin Long This is Justin Long with Stephens. I want to welcome everybody back to our Nashville conference in 2023. Next up, we have CSX, and representing the company, sitting to my right is Sean Pelkey, CFO. As a reminder, this will be a fireside chat format. I'll start with a ...

CSX Corporation (NASDAQ:CSX) Robert W Baird Global Industrial Conference Call November 8, 2023 10:05 AM ET Company Participants Joseph Hinrichs - President, CEO & Director Conference Call Participants Garrett Holland - Robert W. Baird & Co. Garrett Holland At Baird, we're very pleased to have CSX participated at the Industrials conference this year. From the company, we have Joe Hinrichs, President and CEO. We've also got Matthew Korn from Investor Relations. We're going to dive right into Q&A. But if anyth ...

Financial Data and Key Metrics Changes - CSX generated $3.6 billion in revenue, which was 8% lower than the previous year, primarily due to lower diesel prices and export coal benchmarks [6][26] - Operating income was $1.3 billion for the quarter, down from nearly $1.6 billion last year, reflecting an 18% decrease [7][26] - Earnings per share were $0.42, down from $0.52 year-over-year [7] Business Line Data and Key Metrics Changes - Merchandise business remained steady with flat year-over-year performance, while coal shipments grew by 9% [5][6] - Automotive business saw a 19% increase in volume year-over-year, driven by higher production [19] - Intermodal revenue declined by 14% and total volume decreased by 7%, with domestic intermodal showing positive trends [22][24] Market Data and Key Metrics Changes - Coal revenue declined by 5%, despite a 9% increase in volumes, due to lower international benchmark prices [20] - Domestic intermodal volumes turned positive year-over-year early in the summer and continued to improve [24] - International intermodal activity stabilized but remained weak, with no clear signs of positive inflection [23] Company Strategy and Development Direction - CSX is focused on its ONE CSX initiatives to build a collaborative culture and improve service levels [4] - The company aims to drive sustainable, profitable growth by enhancing operational efficiency and customer engagement [5] - There is an emphasis on cost discipline and leveraging service improvements to capture market share [7][25] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the potential for growth despite current economic uncertainties, citing improving trends in several end markets [18] - The company anticipates a strong rebound in agricultural and food business due to favorable harvest conditions [33] - Management remains focused on efficiency and cost control while preparing for improved market conditions [34] Other Important Information - The company is investing in safety and reliability, with a capital expenditure estimate of $2.3 billion remaining unchanged [34] - Free cash flow is down from the prior year but remains strong, supporting significant shareholder returns [31] Q&A Session Summary Question: Current resource levels and staffing - Management indicated that they are comfortable with current staffing levels but are still hiring in key locations to support growth [39][41] Question: Truck conversion and service stickiness - Management noted that customers are willing to have conversations about converting from truck to rail, indicating a positive trend in service reliability [45][46] Question: Coal yield expectations for Q4 - Management expects coal yield to improve in the low to mid-single digits, influenced by mix issues within the coal business [59] Question: Cost structure outlook for 2024 - Management anticipates fewer headwinds in 2024 compared to 2023, with opportunities for cost efficiency and growth stemming from improved service levels [69] Question: Domestic intermodal conversion barriers - Management highlighted that previous equipment limitations have been resolved, allowing for better service and customer growth [76]

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, 2023 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 62-1051971 (State or other ...

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