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CSX Stock Rises on Record 2Q15 Earnings

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Dec. 4 2020, Updated 10:52 a.m. ET

CSX beats the estimates

CSX Corporation (CSX) reported its 2Q15 earnings on July 14. The company beat the Wall Street analysts’ EPS (earnings per share) estimates of $0.52, posting earnings per share of $0.56.

CSX reported its 2Q15 earnings with 5.66% EPS growth, as well as record operating profits and operating ratio. The operating efficiency helped its year-over-year revenue and volume decline by 6% and 1%, respectively. The company reported revenues of $3.1 billion, record operating income of $1 billion, and an operating ratio of 66.8% for the quarter.

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In a July 14 company press release, CSX chairman and CEO Michael J. Ward noted, “While we saw challenges in a number of markets, CSX employees delivered an even safer, more reliable and more differentiated service product this quarter. We expect the momentum in network performance we saw in the second quarter to accelerate, continuing to create value for our customers and shareholders.”

Railroad

CSX and its principal operating subsidiary CSX Transportation (CSXT) are headquartered in Jacksonville, Florida. CSX provides an important link to the transportation supply chain through a ~21,000-mile rail network.

The company’s vast network serves major population centers in 23 states east of the Mississippi River, in the District of Columbia, and in the Canadian provinces of Ontario and Quebec. CSX’s intermodal business links customers to railroads through trucks and terminals.

Other railroad players

CSX’s revenue increased by 5% in the past 12 months. Let’s compare this to revenues for CSX’s peers:

  • Canadian National Railway (CNI): 14.74%
  • Union Pacific (UNP): 9.22%
  • Kansas City Southern (KSU): 8.77%
  • Canadian Pacific Railway Limited (CP): 7.94%
  • Genesee & Wyoming (GWR): 4.49%
  • Norfolk Southern (NSC): 3.37%

Together, these companies form 9.30% of the Industrial Select Sector SPDR ETF (XLI).

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