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AI English summary of an SEC filing — figures as filed

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The company said its operating income for Q2 2024 was $1.45 billion, compared with $1.47 billion in the year-earlier period, and its net earnings were $963 million ($0.49 per diluted share), compared with $984 million ($0.49 per diluted share) a year earlier.

8-KResults of Operations and Financial ConditionFiled Period of report Summary published (UTC)

Key points

AI summary
  1. The company said its operating income for Q2 2024 was $1.45 billion, compared with $1.47 billion in the year-earlier period, and its net earnings were $963 million ($0.49 per diluted share), compared with $984 million ($0.49 per diluted share) a year earlier.

  2. CSX said revenue for Q2 totaled $3.70 billion, flat year over year. It said merchandise pricing gains and growth in intermodal and merchandise volume were offset by lower export coal prices, a reduction in other revenue and lower fuel surcharge revenue.

  3. The company said operating income for Q2 fell 1% from a year earlier and rose 8% from Q1 2024. Its operating margin was 39.1%, down 50 basis points year over year and up 280 basis points sequentially.

  4. The company said total volume for Q2 was 1.58 million units, 2% higher than in Q2 2023. It also said diluted earnings per share of $0.49 were flat with the prior year but rose 9% from the previous quarter.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Q2 Operating Income $1.45 billion, Net Earnings $963 million

The company said its operating income for Q2 2024 was $1.45 billion, compared with $1.47 billion in the year-earlier period, and its net earnings were $963 million ($0.49 per diluted share), compared with $984 million ($0.49 per diluted share) a year earlier.

Source · Based on the filing body and exhibits

Q2 Revenue $3.70 billion, Flat Year over Year

CSX said revenue for Q2 totaled $3.70 billion, flat year over year. It said merchandise pricing gains and growth in intermodal and merchandise volume were offset by lower export coal prices, a reduction in other revenue and lower fuel surcharge revenue.

Source · Based on the filing body and exhibits

Operating Margin 39.1%, Up 280 basis points Sequentially

The company said operating income for Q2 fell 1% from a year earlier and rose 8% from Q1 2024. Its operating margin was 39.1%, down 50 basis points year over year and up 280 basis points sequentially.

Source · Based on the filing body and exhibits

Total Volume 1.58 million Units, Diluted EPS Up 9% Sequentially

The company said total volume for Q2 was 1.58 million units, 2% higher than in Q2 2023. It also said diluted earnings per share of $0.49 were flat with the prior year but rose 9% from the previous quarter.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.