(Source: CSX press release, October 20, 2021)
JACKSONVILLE, Fla. — CSX Corp. today announced third quarter 2021 net earnings of $968 million, or $0.43 per share, compared to $736 million, or $0.32 per share in the same period last year. Third quarter 2021 operating ratio was 56.4% compared to 56.9% in the prior year period.
“I want to thank all of CSX’s railroaders for their continued dedication to our customers amidst the combination of ongoing supply chain disruptions and challenges presented by the COVID-19 Delta variant this quarter” said James M. Foote, president and chief executive officer. “We are committed to helping our customers overcome current supply chain constraints and will continue to take action in order to keep our network fluid and design new solutions that enable the delivery of critical goods to millions of Americans.”
Revenue for the third quarter increased 24 percent from the prior year to $3.29 billion, driven by growth across all business lines, increases in other revenue and the inclusion of Quality Carriers’ results. Operating income improved 26 percent to $1.44 billion for the quarter.
CSX executives conducted a conference call with the investment community on October 20 at 4:30 p.m. Eastern Time. Following the earnings call, a webcast replay of the presentation will be archived on the company website.