CSX Corp. (CSX) Reports In-Line Q2 EPS

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CSX Corp. Announces Second Quarter 2023 Results

July 20, 2023 4:01 PM EDT

JACKSONVILLE, Fla., July 20, 2023 (GLOBE NEWSWIRE) -- CSX Corp. (NASDAQ: CSX) today announced second quarter 2023 operating income of $1.48 billion compared to $1.70 billion in the prior year period. Net earnings of $996 million, or $0.49 per diluted share, compared to $1.18 billion, or $0.54 per diluted share, in the same period last year. Second quarter 2022 results included a $122 million gain ($0.04/share after-tax) related to the Commonwealth of Virginia property sale agreement.

The ONE CSX team continued to build momentum this quarter as our merchandise and coal businesses continued to demonstrate significant volume gains, said Joe Hinrichs, president and... More