(Source: CSX press release, October 16, 2024)
CSX Corp. 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.
Third Quarter Financial Highlights
- Revenue totaled $3.62 billion for the quarter, an increase of 1% year-over-year, as growth in merchandise and intermodal volume, as well as merchandise pricing gains, were partially offset by a decline in coal revenue (including the effects of lower global benchmark prices), lower fuel surcharge, and a reduction in other revenue.
- Operating income of $1.35 billion increased 7% compared to the same period in 2023. CSX’s operating margin was 37.4% for the quarter, increasing 180 basis points year-over-year.
- Diluted EPS of $0.46 increased 12% compared to the prior year quarter.
Full story: www.csx.com