CSX said operating income for Q2 2024 was $1.4 billion, down $18 million (1%) from a year earlier. Operating margin fell 39.1%, down 50 basis points, and earnings per diluted share were $0.49, flat from the prior year.

1. 01

   CSX said operating income for Q2 2024 was $1.4 billion, down $18 million (1%) from a year earlier. Operating margin fell 39.1%, down 50 basis points, and earnings per diluted share were $0.49, flat from the prior year.

2. 02

   The company said total revenue for Q2 2024 was flat from the same period a year earlier. Expenses rose to $2.3 billion, up $20 million (1%). Within that, Labor and Fringe expense increased $18 million and fuel costs decreased $11 million.

3. 03

   CSX said operating cash flow for the 6 months ended June 30, 2024 was $300 million lower. The period included the payment of $387 million in federal taxes for the 2023 tax year. Free cash flow before dividends fell $378 million from the prior year.

4. 04

   CSX said it had $1.2 billion in cash, cash equivalents and short-term investments as of the end of Q2 2024. As of June 30, the company had no outstanding balances under its $1.2 billion revolving credit facility or under its commercial paper program. Planned capital investments for 2024 are expected to be about $2.5 billion.

Key figures

Quarter ended June 30, 2024

Revenue

$3.7B

Operating income

$1.4B

Net income

$963M

EPS

$0.49

Operating cash flow

$1.1B

Analysis scope · Management's discussion (MD&A)We analyzed the Management's Discussion and Analysis (MD&A) section. Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

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

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