CSX Corp. Announces Second Quarter 2025 Results
CSX Corp (NASDAQ: CSX) reported mixed second quarter 2025 results with notable declines in key metrics. The company posted operating income of $1.28 billion, down 11% from $1.45 billion in Q2 2024. Net earnings were $829 million, or $0.44 per share, compared to $963 million ($0.49/share) year-over-year.
Revenue decreased 3% to $3.57 billion, impacted by lower export coal prices, reduced fuel surcharge, and declining merchandise volume. Total volume remained flat at 1.58 million units compared to Q2 2024, while rising 4% sequentially. The operating margin contracted to 35.9%, down 320 basis points year-over-year but improved 550 basis points sequentially.
CSX Corp (NASDAQ: CSX) ha riportato risultati contrastanti nel secondo trimestre del 2025 con cali significativi in metriche chiave. L'azienda ha registrato un utile operativo di 1,28 miliardi di dollari, in calo dell'11% rispetto a 1,45 miliardi di dollari nel secondo trimestre 2024. Il utile netto 猫 stato di 829 milioni di dollari, ovvero 0,44 dollari per azione, rispetto a 963 milioni di dollari (0,49 dollari per azione) dell'anno precedente.
I ricavi sono diminuiti del 3% attestandosi a 3,57 miliardi di dollari, influenzati da prezzi pi霉 bassi del carbone per l'esportazione, una riduzione del supplemento carburante e un calo del volume delle merci. Il volume totale 猫 rimasto stabile a 1,58 milioni di unit脿 rispetto al secondo trimestre 2024, con un aumento del 4% rispetto al trimestre precedente. Il margine operativo si 猫 ridotto al 35,9%, in calo di 320 punti base su base annua ma migliorato di 550 punti base rispetto al trimestre precedente.
CSX Corp (NASDAQ: CSX) report贸 resultados mixtos en el segundo trimestre de 2025 con descensos notables en m茅tricas clave. La compa帽铆a registr贸 un ingreso operativo de 1.280 millones de d贸lares, una ca铆da del 11% desde 1.450 millones en el segundo trimestre de 2024. Las ganancias netas fueron de 829 millones de d贸lares, o 0,44 d贸lares por acci贸n, en comparaci贸n con 963 millones (0,49 d贸lares por acci贸n) a帽o tras a帽o.
Los ingresos disminuyeron un 3% hasta 3.570 millones de d贸lares, afectados por menores precios del carb贸n de exportaci贸n, una reducci贸n del recargo por combustible y una ca铆da en el volumen de mercanc铆as. El volumen total se mantuvo estable en 1,58 millones de unidades respecto al segundo trimestre de 2024, pero aument贸 un 4% secuencialmente. El margen operativo se contrajo a 35,9%, bajando 320 puntos b谩sicos a帽o tras a帽o pero mejorando 550 puntos b谩sicos secuencialmente.
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CSX Corp (NASDAQ: CSX) a publi茅 des r茅sultats mitig茅s pour le deuxi猫me trimestre 2025, avec des baisses notables sur des indicateurs cl茅s. La soci茅t茅 a affich茅 un r茅sultat op茅rationnel de 1,28 milliard de dollars, en baisse de 11 % par rapport 脿 1,45 milliard de dollars au T2 2024. Le b茅n茅fice net s鈥檈st 茅lev茅 脿 829 millions de dollars, soit 0,44 dollar par action, contre 963 millions de dollars (0,49 dollar par action) un an plus t么t.
Le chiffre d'affaires a diminu茅 de 3 % pour atteindre 3,57 milliards de dollars, impact茅 par la baisse des prix du charbon d鈥檈xportation, la r茅duction de la surtaxe carburant et le recul du volume de marchandises. Le volume total est rest茅 stable 脿 1,58 million d鈥檜nit茅s par rapport au T2 2024, tout en progressant de 4 % s茅quentiellement. La marge op茅rationnelle s鈥檈st contract茅e 脿 35,9 %, en baisse de 320 points de base sur un an, mais en am茅lioration de 550 points de base par rapport au trimestre pr茅c茅dent.
CSX Corp (NASDAQ: CSX) meldete gemischte Ergebnisse f眉r das zweite Quartal 2025 mit deutlichen R眉ckg盲ngen bei wichtigen Kennzahlen. Das Unternehmen verzeichnete einen operativen Gewinn von 1,28 Milliarden US-Dollar, was einem R眉ckgang von 11 % gegen眉ber 1,45 Milliarden US-Dollar im zweiten Quartal 2024 entspricht. Der Nettogewinn betrug 829 Millionen US-Dollar bzw. 0,44 US-Dollar je Aktie, verglichen mit 963 Millionen US-Dollar (0,49 US-Dollar/Aktie) im Vorjahreszeitraum.
Der Umsatz sank um 3 % auf 3,57 Milliarden US-Dollar, beeinflusst durch niedrigere Exportkohlepreise, reduzierte Treibstoffzuschl盲ge und r眉ckl盲ufige Warenmengen. Das Gesamtvolumen blieb mit 1,58 Millionen Einheiten im Vergleich zum zweiten Quartal 2024 stabil, stieg jedoch sequenziell um 4 %. Die operative Marge schrumpfte auf 35,9 %, was einem R眉ckgang von 320 Basispunkten gegen眉ber dem Vorjahr entspricht, sich jedoch sequenziell um 550 Basispunkte verbesserte.
- None.
- Operating income declined 11% year-over-year to $1.28 billion
- Revenue decreased 3% to $3.57 billion
- Operating margin contracted 320 basis points year-over-year to 35.9%
- Net income fell 14% to $829 million
- EPS decreased 10% compared to prior year
Insights
CSX reports mixed Q2 results with YoY declines but sequential improvements amid challenging industrial markets.
CSX's Q2 2025 results reflect a company navigating through challenging market conditions with some signs of operational improvement. Operating income fell 11% year-over-year to
The earnings per share of
Revenue headwinds came from three main sources: lower export coal prices, reduced fuel surcharge revenue (reflecting lower fuel costs), and declining merchandise volume. These were partially offset by higher merchandise pricing, increased other revenue, and growth in the intermodal segment 鈥� typically a lower-margin but volume-driven business.
Management's commentary about "significant sequential improvements in network fluidity and cost efficiency" is evident in the financial results, particularly the sequential margin improvement. The company's focus on completing major infrastructure projects suggests strategic positioning for future growth despite current industrial market uncertainty. These investments likely represent substantial capital commitments aimed at enhancing the network's capacity and efficiency to capture what management describes as "many profitable growth opportunities ahead."
JACKSONVILLE, Fla., July 23, 2025 (GLOBE NEWSWIRE) -- CSX Corp. (NASDAQ: CSX) today announced second quarter 2025 operating income of
鈥淭he skill and commitment of CSX鈥檚 railroaders enabled us to deliver significant sequential improvements in network fluidity and cost efficiency that are apparent in our financial results,鈥� said Joe Hinrichs, president and chief executive officer. 鈥淲hile uncertainty continues to impact select industrial markets, we remain focused on completing two major infrastructure projects that will strengthen our position to execute on many profitable growth opportunities ahead.鈥�
Second Quarter Financial Highlights
- Revenue totaled
$3.57 billion for the quarter, decreasing3% year-over-year, as the effects of lower export coal prices, reduced fuel surcharge, and a decline in merchandise volume were only partially offset by higher merchandise pricing, an increase in other revenue, and growth in intermodal volume. - Operating income of
$1.28 billion decreased11% compared to the same period in 2024. CSX鈥檚 operating margin was35.9% for the quarter, decreasing by 320 basis points year-over-year but increasing by 550 basis points sequentially. - EPS of
$0.44 decreased10% compared to the prior year while increasing29% from the previous quarter.
CSX executives will conduct a conference call with the investment community this afternoon, July 23, at 4:30 p.m. Eastern Time. Investors, media and the public may listen to the conference call by dialing 1-888-510-2008. For callers outside the U.S., dial 1-646-960-0306. Participants should dial in 10 minutes prior to the call and enter 3368220 as the passcode.
In conjunction with the call, a live webcast will be accessible and presentation materials will be posted on the company's website at . Following the earnings call, a webcast replay of the presentation will be archived on the company website.
This earnings announcement, as well as additional detailed financial information, is contained in the CSX Quarterly Financial Report available through the company鈥檚 website at and on Form 8-K with the Securities and Exchange Commission.
About CSX and its Disclosures
CSX, based in Jacksonville, Florida, is a premier transportation company. It provides rail, intermodal and rail-to-truck transload services and solutions to customers across a broad array of markets, including energy, industrial, construction, agricultural, and consumer products. For nearly 200 years, CSX has played a critical role in the nation's economic expansion and industrial development. Its network connects every major metropolitan area in the eastern United States, where nearly two-thirds of the nation's population resides. It also links more than 240 short-line railroads and more than 70 ocean, river and lake ports with major population centers and farming towns alike.
This announcement, as well as additional financial information, is available on the company's website at . CSX also uses social media channels to communicate information about the company. Although social media channels are not intended to be the primary method of disclosure for material information, it is possible that certain information CSX posts on social media could be deemed to be material. Therefore, we encourage investors, the media, and others interested in the company to review the information we post on X, formerly known as Twitter, () and on Facebook (). The social media channels used by CSX may be updated from time to time. More information about CSX Corporation and its subsidiaries is available at .
Non-GAAP Disclosure
CSX reports its financial results in accordance with accounting principles generally accepted in the United States of America (U.S. GAAP). CSX also uses certain non-GAAP measures that fall within the meaning of Securities and Exchange Commission Regulation G and Regulation S-K Item 10(e), which may provide users of the financial information with additional meaningful comparison to prior reported results. Non-GAAP measures do not have standardized definitions and are not defined by U.S. GAAP. Therefore, CSX鈥檚 non-GAAP measures are unlikely to be comparable to similar measures presented by other companies. The presentation of these non-GAAP measures should not be considered in isolation from, as a substitute for, or as superior to the financial information presented in accordance with GAAP.
Forward-looking Statements
This information and other statements by the company may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act with respect to, among other items: projections and estimates of earnings, revenues, margins, volumes, rates, cost-savings, expenses, taxes, liquidity, capital expenditures, dividends, share repurchases or other financial items, statements of management's plans, strategies and objectives for future operations, and management's expectations as to future performance and operations and the time by which objectives will be achieved, statements concerning proposed new services, and statements regarding future economic, industry or market conditions or performance. Forward-looking statements are typically identified by words or phrases such as 鈥渨ill,鈥� 鈥渟hould,鈥� 鈥渂elieve,鈥� 鈥渆xpect,鈥� 鈥渁nticipate,鈥� 鈥減roject,鈥� 鈥渆stimate,鈥� 鈥減reliminary鈥� and similar expressions. Forward-looking statements speak only as of the date they are made, and the company undertakes no obligation to update or revise any forward-looking statement. If the company updates any forward-looking statement, no inference should be drawn that the company will make additional updates with respect to that statement or any other forward-looking statements.
Forward-looking statements are subject to a number of risks and uncertainties, and actual performance or results could differ materially from that anticipated by any forward-looking statements. Factors that may cause actual results to differ materially from those contemplated by any forward-looking statements include, among others: (i) the company's success in implementing its financial and operational initiatives; (ii) changes in domestic or international economic, political or business conditions, including those affecting the transportation industry (such as the impact of industry competition, conditions, performance and consolidation); (iii) legislative or regulatory changes; (iv) the inherent business risks associated with safety and security; (v) the outcome of claims and litigation involving or affecting the company; (vi) natural events such as severe weather conditions or pandemic health crises; and (vii) the inherent uncertainty associated with projecting economic and business conditions.
Other important assumptions and factors that could cause actual results to differ materially from those in the forward-looking statements are specified in the company's SEC reports, accessible on the SEC's website at www.sec.gov and the company's website at .
Contact:
Matthew Korn, CFA, Investor Relations
904-366-4515
Bryan Tucker, Corporate Communications
855-955-6397
FAQ
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