CSX reported operating income of $1.09 billion and net earnings of $694 million, or $0.37 per share, for Q3 2025. In Q3 2024, operating income was $1.35 billion and net earnings were $894 million, or $0.46 per share.

1. 01

   CSX reported operating income of $1.09 billion and net earnings of $694 million, or $0.37 per share, for Q3 2025. In Q3 2024, operating income was $1.35 billion and net earnings were $894 million, or $0.46 per share.

2. 02

   The company said that excluding a non-cash goodwill impairment of $164 million included in this year's Q3 results, adjusted operating income was $1.25 billion and adjusted net earnings were $818 million, or $0.44 per share.

3. 03

   CSX presented GAAP operating income of $1,087 million with an operating margin of 30.3% for Q3 2025, adding a goodwill impairment of $164 million representing 4.6% to arrive at adjusted operating income of $1,251 million with a margin of 34.9%.

4. 04

   The company said volume for Q3 2025 totaled 1.61 million units, up 1% compared to the prior-year quarter and up 2% sequentially. Revenue totaled $3.59 billion, decreasing 1% year-over-year. The company cited lower export coal prices and a decline in merchandise volume as factors, partially offset by other revenue increases.

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.

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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