CSX reports Q2 EPS 49c, consensus 48c

Reports Q2 revenue $3.70B, consensus $3.7B. Total volume of 1.58M units for the quarter was 2% higher compared to Q2 of 2023. “CSX remained focused on efficiently serving our customers over the second quarter, allowing us to deliver strong sequential increases in volume, operating income, margin, and earnings per share,” said Joe Hinrichs, CEO. “I am proud of our railroad’s performance, including our team’s effective response to the disruptions at the Port of Baltimore. As we continue to execute through shifting markets, CSX is well-positioned to achieve solid year-over-year margin expansion over the remainder of 2024.”