CSX Corporation's Stock Analysis

CSX Announces Leadership Changes Impacting Financial Oversight

CSX Corporation appointed Kevin S. Boone as Executive Vice President and Chief Financial Officer on October 29, 2025, following the departure of Sean R. Pelkey from the role. Boone, who has been with the company since 2017 and previously served as Chief Commercial Officer, will not see any changes to his compensation arrangements. Pelkey's departure includes eligibility for compensation under the CSX Executive Severance Plan, pending a customary separation agreement.

Additionally, Maryclare T. Kenney has been promoted to Senior Vice President and Chief Commercial Officer, effective immediately. Kenney, who has been with CSX since 2011, has held various leadership roles, including Vice President of Sales and Marketing. The leadership changes are part of the company's strategy to strengthen its focus and support long-term growth objectives, as stated by CEO Steve Angel.

Oct 29, 2025 08:35:07

CSX Corporation Issues $300 Million in New Notes

CSX Corporation has completed a public offering of $300 million in aggregate principal amount of 5.050% Notes due 2035. This issuance is a continuation of previously issued notes from March 2025, bringing the total amount of these notes to $900 million.

The offering was made under the company's shelf registration statement that became effective in February 2025. The notes will be governed by an indenture with The Bank of New York Mellon Trust Company and were detailed in a prospectus filed with the Securities and Exchange Commission on October 22, 2025.

Oct 23, 2025 17:15:51

CSX Corporation Announces $300 Million Notes Offering

CSX Corporation has entered into an Underwriting Agreement for a public offering of $300 million in 5.050% Notes due 2035. This offering is an additional issuance that will be combined with previously issued notes from March 2025, totaling an initial amount of $600 million.

The offering is being conducted by Citigroup Global Markets Inc., J.P. Morgan Securities LLC, and UBS Securities LLC, with the expectation that the transaction will close on October 23, 2025, pending customary closing conditions. The Notes will be sold to the Underwriters for resale to the public, and the offering is made under the company's effective shelf registration statement.

Oct 22, 2025 16:08:52

CSX Reports Third Quarter 2025 Financial Results and Impairment

CSX Corporation announced its financial results for the third quarter of 2025, reporting an operating income of $1.09 billion and net earnings of $694 million, or $0.37 per share. Adjusted figures, excluding a non-cash goodwill impairment of $164 million, showed an operating income of $1.25 billion and adjusted net earnings of $818 million, or $0.44 per share. The company's revenue for the quarter totaled $3.59 billion, reflecting a 1% decrease year-over-year, influenced by lower export coal prices and a decline in merchandise volume, although this was partially offset by increases in other revenue streams and intermodal volume growth. Volume increased by 1% compared to the same quarter in 2024, totaling 1.61 million units.

The third quarter results included $35 million in corporate restructuring and advisory expenses. CSX's operational performance was highlighted as a reflection of workforce dedication and operational strength, with executives indicating the company is well-positioned for future growth. Investors can access further details through a conference call scheduled for October 16, 2025, and additional financial information is available on the company's website.

Oct 16, 2025 16:01:18

CSX Appoints Stephen Angel as New CEO Effective Immediately

CSX Corporation has appointed Stephen Angel as its new President and Chief Executive Officer, effective September 28, 2025, succeeding Joseph R. Hinrichs, who has left the company. Angel brings over 45 years of experience in leading public companies and is known for generating shareholder returns. His prior roles include CEO of Linde plc, where he oversaw significant growth and integration of Linde AG and Praxair, Inc. He is expected to focus on operational excellence, safety, and enhancing shareholder value during his tenure at CSX.

In connection with his appointment, Angel will receive an annual base salary of $1.5 million, a target bonus opportunity of 175% of his salary, and a sign-on equity award valued at $10 million. Additionally, he will be eligible for long-term incentive awards starting in 2026. His employment agreement includes provisions for severance benefits and non-compete restrictions. CSX's operational performance remains robust, and the company anticipates full-year volume growth.

Sep 29, 2025 08:00:46

CSX Reports Second Quarter 2025 Financial Results and Challenges

CSX Corporation reported a second quarter 2025 operating income of $1.28 billion, down 11% from $1.45 billion in the same period last year. Net income for the quarter was $829 million, or $0.44 per diluted share, compared to $963 million, or $0.49 per diluted share, in the prior year. Total volume remained flat at 1.58 million units compared to the second quarter of 2024 but saw a 4% increase sequentially. Revenue for the quarter decreased by 3% year-over-year to $3.57 billion due to lower export coal prices and a decline in merchandise volume, although this was partially offset by higher merchandise pricing and growth in intermodal volume.

CSX's operating margin was reported at 35.9%, reflecting a decrease of 320 basis points year-over-year but an increase of 550 basis points sequentially. The company is focusing on completing two major infrastructure projects to enhance its operational capabilities despite ongoing uncertainties in certain industrial markets. The earnings conference call for investors is scheduled for July 23, 2025, at 4:30 p.m. Eastern Time, where further insights into the company's performance will be discussed.

Jul 23, 2025 16:01:27

CSX Reports Decrease in Income and Revenue for Q1 2025

CSX Corp. reported first quarter 2025 operating income of $1.04 billion, down from $1.34 billion in the same quarter last year. Net income also fell to $646 million, or $0.34 per diluted share, compared to $880 million, or $0.45 per diluted share, in the previous year. The total volume of 1.52 million units represented a 1% decline from first quarter 2024, while revenue decreased by 7% year-over-year to $3.42 billion, primarily due to lower coal revenue, fuel surcharge, and merchandise volume, despite some offset from higher merchandise pricing and growth in intermodal volume.

The company acknowledged facing operational challenges at the beginning of the year, which contributed to results that did not meet expectations. CSX is addressing network constraints caused by two major infrastructure projects and is committed to improving performance and customer service amidst a challenging market environment.

Apr 16, 2025 16:01:28

Ann Begeman Joins CSX Board of Directors Amid Growth Focus

CSX Corporation has appointed Ann Begeman to its board of directors, highlighting her extensive experience in transportation policy and her previous role as a member of the Surface Transportation Board. The company’s president expressed confidence that her expertise will contribute to CSX's commitment to service excellence and business growth, aligning with the company's ongoing transformation and focus on enhancing customer experience.

On the other hand, the press release does not provide specific financial metrics or recent performance data, leaving out details about the company's current financial health or challenges. While the appointment is framed positively, the lack of concrete financial information could raise questions about the company's ongoing performance and the impact of new board members on its strategic direction.

Jan 27, 2025 16:12:46

CSX Reports $3.47 Billion Net Income for 2024

CSX Corp. reported a fourth quarter operating income of $1.11 billion, a decrease from $1.32 billion in the same period last year. The net income for the quarter was $733 million, or $0.38 per diluted share, down from $882 million, or $0.45 per diluted share, in the previous year. The results included a significant goodwill impairment charge of $108 million. However, total volume increased by 1% compared to the fourth quarter of 2023, and adjusted operating income for the quarter was $1.21 billion.

For the full year 2024, CSX's operating income was $5.25 billion, reflecting a 5% decline from the prior year, while net income amounted to $3.47 billion, or $1.79 per share, compared to $3.67 billion, or $1.82 per share, in 2023. The overall revenue for the year was $14.54 billion, a decrease of 1% year-over-year. Despite these declines, the company's adjusted operating margin remained relatively stable at 36.8% for the full year, indicating resilience in its operational performance.

Jan 23, 2025 16:01:19

CSX Announces Leadership Changes Amid Transition in Legal Team

CSX has announced the retirement of Nathan Goldman, the Executive Vice President and Chief Legal Officer, effective January 1, 2025, after 21 years with the company. His leadership played a key role in the company's transformation and stability during transitions of three CEOs. CSX's president expressed gratitude for Goldman's contributions and highlighted his development of a strong legal team. Michael Burns, who has been with CSX for 18 years, will be promoted to Senior Vice President and Chief Legal Officer, bringing significant experience and insight to the role, overseeing various legal and regulatory affairs.

The leadership change comes at a time when CSX aims to advance its growth strategy. While the transition suggests a focus on internal talent and continuity, the departure of a long-serving executive like Goldman could raise concerns about stability during this period of change. However, the company emphasizes confidence in its existing team and their ability to drive future success amidst the leadership transition.

Nov 12, 2024 09:15:24