CSX Corp. (CSX) Tops Q1 EPS by 12c

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CSX Announces Record First Quarter 2018 Financial Results

April 17, 2018 4:02 PM EDT

JACKSONVILLE, Fla., April 17, 2018 (GLOBE NEWSWIRE) -- CSX Corporation (NASDAQ: CSX) today announced record first quarter 2018 net earnings of $695 million, or $0.78 per share, versus $362 million, or $0.39 per share in the same period last year. CSXs operating ratio for the quarter improved 950 basis points to 63.7 percent from 73.2 percent in the prior year. Compared to 2017 first quarter adjusted operating results, which excluded restructuring charges, this represents an operating ratio improvement of 570 basis points and a 53 percent increase in earnings per share year over year.     

CSX employees did a great job of running the... More