$CSX (CSX Corp.)

$CSX {{ '2016-07-14T13:53:46+0000' | timeago}} • Webcast

Allison Landry of Credit Suisse asks about mix in the coal segment. $CSX said in the coal RPU, there was some positive mix. There was help from fixed variable contracts and continued domestic pricing. This was offset by fuel surcharge revenue coming down and actions taken on the export coal markets. There will be changes to mix quarter-by-quarter.

$CSX {{ '2017-10-17T18:29:13+0000' | timeago}} • Webcast

As $CSX posted 3Q17 results, it reaffirmed FY17 adjusted expectations with operating ratio around the high end of mid-60s and EPS growth to be 20–25% off the FY16 reported base of $1.81. Free cash flow before dividends is seen to be around $1.5Bil in the full year.

$CSX {{ '2017-10-17T18:03:24+0000' | timeago}} • Webcast

$CSX said it sees unfavorable volumes for Automotive, Chemicals, Domestic Coal, Fertilizers, Forest Products and Minerals segments in the coming 4Q17.

$CSX {{ '2017-10-17T17:53:36+0000' | timeago}} • Webcast

As $CSX posted 3Q17 results, it announced that the overall volume outlook in 4Q17 is neutral. For Intermodal and Export Coal, the guidance is favorable while it is neutral for Agriculture and Food, and Metals and Equipment in the coming quarter.

$CSX {{ '2017-10-17T13:19:32+0000' | timeago}} • Infographic

$CSX Corp. Earnings AlphaGraphics: Q3 2017 highlights

$CSX {{ '2017-10-17T12:44:33+0000' | timeago}} • Announcement

Even as nine empty rail cars derailed from a $CSX train on Oct 14 while traveling through Jacksonville, the railroad company posted 3Q17 results with net profit rising 1% to $459MM or $0.51 per diluted share. Net revenue inched 1% up to $2.74Bil.

$CSX {{ '2017-10-05T22:42:14+0000' | timeago}} • Announcement

$CSX approved a $0.20 per share quarterly dividend on its common stock, payable on December 15, 2017, to shareholders of record on November 30, 2017.

$CSX {{ '2017-07-19T14:58:36+0000' | timeago}} • Webcast

$CSX said it is in the process of rebuilding the management team by filling the vacancies. The company has begun the search for experienced persons as part of the initiative.

$CSX {{ '2017-07-19T14:36:53+0000' | timeago}} • Webcast

$CSX sees significant sequential improvement in productivity in the second half of 2017. The main focus of the company in the remainder of the year would be to ensure reliability in train transit times, while taking initiatives to minimize cost and improve pricing.

$CSX {{ '2017-07-19T13:13:17+0000' | timeago}} • Webcast

Railroad company $CSX said train operations will increase sequentially in the coming quarters. The company expects to transport 30MM tonnes of commodities in the remainder of the year. The positive consumer sentiment indicates further growth in operations in 3Q17. Meanwhile, automobile shipments will be impacted by softening production.

$CSX {{ '2017-07-18T21:41:12+0000' | timeago}} • Infographic

$CSX Corp. Earnings AlphaGraphics: Q2 2017 highlights

$CSX {{ '2017-07-18T20:29:55+0000' | timeago}} • Webcast

$CSX continues to expect its EPS to grow around 25%, off the 2016-reported base of $1.81, in fiscal 2017. Operating ratio is forecast to be in the mid-60s. The company estimates its free cash flow before dividends to be around $1.5Bil during the year.  In 2Q17, the BoD authorized an additional $500MM for the current share repurchase program.

$CSX {{ '2017-07-18T20:21:24+0000' | timeago}} • Webcast

Railroad company $CSX reported a 2Q17 profit of $510MM or $0.55 per share, higher than $445MM or $0.47 per share recorded last year. Non-GAAP income, excluding restructuring charges, was $0.64 per share. Revenues advanced 8% YoY in 2Q17. The growth was driven mainly by coal-related gains, better pricing and volume, and increased fuel recovery.

$CSX {{ '2017-06-05T18:45:42+0000' | timeago}} • Announcement

$CSX shareholders elected all the 13 nominees named in the company’s proxy statement to the board of directors, and ratified the appointment of Ernst & Young as the independent accounting firm for this year. The shareholders’ meeting also approved the reimbursement arrangements sought in connection with the retention of E Hunter Harrison as CEO.

$CSX {{ '2017-04-20T15:52:09+0000' | timeago}} • Announcement

$CSX expects to realize record efficiency gains and a step-function improvement in its key financial measures given continued economic growth and stable coal markets. These are expected to drive full-year adjusted operating ratio in the mid-60s, EPS growth of around 25% off 2016 base of $1.81, and free cash flow before dividends of around $1.5Bil.

$CSX {{ '2017-04-20T15:50:22+0000' | timeago}} • Announcement

$CSX now expects to invest $2.1Bil in 2017, including about $270MM for Positive Train Control. Of the 2017 investment, more than half will be used to sustain core infrastructure with the balance allocated to projects supporting profitable growth, efficiency initiatives and service improvements.

$CSX {{ '2017-04-20T15:48:58+0000' | timeago}} • Announcement

$CSX's BoD approved a 11% increase in quarterly dividend from $0.18 to $0.20 per share, payable on June 15, 2017 to shareholders of record on May 31, 2017. The board also approved a new $1Bil share repurchase program, which management expects to complete by the end of 1Q18.

$CSX {{ '2017-04-20T14:04:31+0000' | timeago}} • Webcast

$CSX said that about the capital plan in the company, the capital investment will come down over time. The company added that there has been a good amount of spent in the last few years. Therefore, over the 3-4 year period one can see $500-600MM reduction in capital spend and at one point it will trend back up.

$CSX {{ '2017-04-20T13:41:09+0000' | timeago}} • Webcast

$CSX said that on the operating margin improvement, the company looks at structural cost reductions. From an incremental margin perspective, the company is off to a good start with about 72% incrementals for 1Q17. Additionally, $CSX expects the incremental margins to improve throughout the year.

$CSX {{ '2017-04-19T22:06:02+0000' | timeago}} • Infographic

$CSX CSX Corp. Earnings AlphaGraphics: Q1 2017 highlights

$CSX {{ '2017-04-19T20:29:12+0000' | timeago}} • Announcement

$CSX's total Merchandise revenue grew 6% to $1.83Bil in 1Q17. In other segments, revenue from coal grew 31% to $522MM and that from Intermodal increased 7% to $434MM.

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