CSX Corporation CSX will release earnings results for the first quarter, after the closing bell on Wednesday, April 16.Analysts expect the Jacksonville, Florida-based company to report quarterly earnings at 37 cents per share, down from 46 cents per share in the year-ago period. CSX projects to report quarterly revenue at $3.45 billion, compared to $3.68 billion a year earlier, according to data from Benzinga Pro.On Feb. 12, CSX raised its quarterly dividend from 12 cents to 13 cents per share.CSX shares fe ...

Core Points - CSX Corporation has awarded 62 customers with the 31st Annual Chemical Safety Excellence Award for their commitment to safely transporting hazardous materials in 2024 [1][3] - The award highlights the importance of safety in the transportation of hazardous materials and recognizes customers who have achieved zero non-accidental releases [2][3] - The 2024 award recipients collectively shipped 164,438 carloads of hazardous materials safely, showcasing operational excellence [3] Company Commitment - CSX emphasizes that safety is central to its operations and recognizes the awarded customers as partners in enhancing safety and reducing risks [4] - The company aims to foster lasting partnerships that promote safety and innovation within the rail industry [4] Award Criteria - To qualify for the Chemical Safety Excellence Award, customers must ship at least 600 carloads of hazardous materials with zero non-accidental releases during the year [3] - Special recognition was given to Citgo Petroleum and Westlake Corporation for achieving five consecutive years of accident-free shipments [3] Company Overview - CSX, based in Jacksonville, Florida, is a leading transportation company providing rail and intermodal services across various markets [7] - The company has played a significant role in the economic expansion and industrial development of the United States for nearly 200 years [7]

Wall Street analysts expect CSX (CSX) to post quarterly earnings of $0.38 per share in its upcoming report, which indicates a year-over-year decline of 17.4%. Revenues are expected to be $3.52 billion, down 4.3% from the year-ago quarter.The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.Prior to a company's earnings release, it is of utmost importance to ...

CSX Corporation (CSX) is scheduled to report first-quarter 2025 results on April 16, after market close. Find the latest EPS estimates and surprises on Zacks Earnings Calendar.The Zacks Consensus Estimate for first-quarter earnings is currently pegged at 38 cents per share, which has been revised 2.6% downward over the past 60 days.  The consensus mark implies a 17.4% year-over-year decline. The Zacks Consensus Estimate for CSX’s first-quarter 2025 revenues is pegged at $3.54 billion, indicating a 3.9% decl ...

CSX (CSX) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended March 2025. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The earnings report, which is expected to be released on April 16, 2025, might help the stock move higher if these key numbers are better than expectations. ...

Core Viewpoint - CSX Corporation is actively rewarding shareholders through dividends and buybacks, but faces significant challenges from high debt levels and a struggling coal market [1]. Factors Favoring CSX - CSX has demonstrated a shareholder-friendly approach by paying dividends of $852 million in 2022, $882 million in 2023, and $930 million in 2024, with a current dividend yield of 1.75% [2] - The company repurchased shares worth $4.73 billion in 2022, $3.48 billion in 2023, and $2.24 billion in 2024, indicating a strong commitment to returning capital to shareholders [2]. Safety and Operational Improvements - CSX has made commendable progress in workplace safety, with the FRA Personal Injury Frequency Index improving to 0.89 in 2023 from 1.01 in 2022, and the FRA train accident rate improving to 3.32 in 2023 from 3.37 in 2022 [3]. - The company plans to launch a new safety training program for operations leaders in the current year [3]. Key Risks for CSX - Rail network issues, including locomotive and crew shortages, pose significant challenges that could adversely impact service levels and operational efficiency [4]. - High labor costs, projected to increase by 4% in 2024, contribute to elevated operating expenses, affecting profitability [4]. Financial Concerns - CSX's total net capital expenditures are expected to reach $2.5 billion for 2025, indicating high debt levels, with long-term debt at $17.9 billion and a long-term debt-to-capitalization ratio of 59% [5]. - The company's times interest earned ratio of 6.5 is below the industry average of 7, raising concerns about financial stability [5]. Coal Market Challenges - The coal market weakness has led to a 10% year-over-year decline in coal revenues to $2.24 billion in 2024, with coal volumes decreasing by 3% [6]. - For 2025, CSX anticipates further declines in coal volumes due to facility shutdowns and mine production issues [6]. - Over the past six months, CSX shares have decreased by 16.8%, underperforming the Zacks Transportation-Rail industry's decline of 5.8% [6].

CSX Corporation Developments - CSX Corporation has announced new five-year tentative collective bargaining agreements with the Brotherhood of Railroad Signalmen and the International Brotherhood of Boilermakers, which are subject to ratification by union members [2][3][4] - The agreement with the Brotherhood of Railroad Signalmen covers 1,215 signalmen, while the deal with the International Brotherhood of Boilermakers involves 59 members [2][3] - CSX has ratified agreements with 11 labor unions, covering 14 different work groups, which represent 47% of its unionized workforce [5] Employee Relations and Benefits - The new agreements aim to provide improved wages, health care, and paid time off benefits, reflecting CSX's employee-friendly approach [5] - Joe Hinrichs, CEO of CSX, emphasized the importance of safety, respect, and operational excellence in the agreements, aiming for greater efficiency and service for customers [3][4] Industry Context - Other companies in the rail industry, such as Union Pacific Corporation, Canadian Pacific Railway Limited, and Canadian National Railway Company, have also entered into collective bargaining agreements recently [7] - Union Pacific has reached a tentative agreement with the National Conference of Firemen & Oilers, which includes wage increases and additional vacation time [8] - Canadian Pacific has ratified a new four-year collective agreement with Unifor, covering approximately 1,200 mechanical employees, which includes improved wages and benefits [10] - Canadian National's new four-year agreement with the International Brotherhood of Electric Workers includes annual wage increases of 3% [12]

Group 1 - CSX Corporation has secured a new five-year tentative collective bargaining agreement with the International Brotherhood of Boilermakers, Iron Ship Builders, Blacksmiths, Forgers & Helpers [1] - The agreement emphasizes CSX's commitment to valuing and empowering employees, focusing on safety, respect, and excellence [2] - The tentative agreement is subject to ratification by the union's membership, which consists of 59 members [2] Group 2 - CSX has ratified agreements with 11 labor unions, covering 14 different work groups, which accounts for 47 percent of its unionized workforce [3] - The terms of the agreements provide equivalent packages of improved wages, health care, and paid time off benefits [3] - CSX aims to work with other unions to reach similar agreements and improve the work environment for employees [3] Group 3 - CSX is a premier transportation company based in Jacksonville, Florida, providing rail, intermodal, and rail-to-truck transload services [4] - The company plays a critical role in the economic expansion and industrial development of the nation, connecting major metropolitan areas in the eastern United States [4] - CSX's network links over 240 short-line railroads and more than 70 ocean, river, and lake ports with major population centers and farming towns [4]

Core Points - CSX Corporation has secured a new five-year tentative collective bargaining agreement with the Brotherhood of Railroad Signalmen [1] - The agreement reflects a strong partnership with union leadership and emphasizes safety, respect, and operational excellence [2] - The tentative agreement is subject to ratification by the union's membership, which includes 1,215 signalmen [2] Labor Relations - CSX has ratified agreements with 11 labor unions, covering 14 different work groups, which accounts for 47 percent of its unionized workforce [3] - The terms of the agreements provide improved wages, health care, and paid time off benefits [3] - CSX is committed to working with other unions to reach similar agreements and improve the work environment for employees [3] Company Overview - CSX is a premier transportation company based in Jacksonville, Florida, providing rail, intermodal, and rail-to-truck transload services [4] - The company plays a critical role in the economic expansion and industrial development of the United States, connecting major metropolitan areas and various markets [4]

Company Overview - CSX Corp. is a premier transportation company based in Jacksonville, Florida, providing rail, intermodal, and rail-to-truck transload services across various markets including energy, industrial, construction, agricultural, and consumer products [3] - The company has been integral to the economic expansion and industrial development of the United States for nearly 200 years, connecting major metropolitan areas in the eastern U.S. and linking over 240 short-line railroads and more than 70 ports [3] Upcoming Financial Results - CSX Corp. will release its first quarter financial and operating results after the market close on April 16, 2025 [1] - A conference call and live webcast will follow at 4:30 p.m. Eastern Time, hosted by the company's management team [1] Participation Details - Interested participants can join the teleconference by dialing 1-888-510-2008 (U.S.) or 1-646-960-0306 (international), with a passcode of 3368220 [2] - Participants are advised to dial in 10 minutes prior to the call, and a replay of the webcast will be available on the company's website after the earnings call [2]