CSX Corporation's Stock Analysis

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

CSX Corp. Reports Strong Third Quarter 2024 Results

CSX Corp. announced impressive results for the third quarter of 2024, with operating income rising to $1.35 billion, a 7% increase from the previous year. Net earnings also saw a boost, reaching $894 million, or $0.46 per share, up from $828 million, or $0.41 per share, in the same quarter last year. The company reported a 3% increase in total volume, reflecting growth in merchandise and intermodal sectors, which contributed to a slight revenue increase of 1% year-over-year. The operating margin also improved, showcasing the company's effective management and commitment to service excellence despite recent challenges from hurricanes in the region. 

However, CSX faced some setbacks with a decline in coal revenue due to lower global prices and a decrease in fuel surcharge revenue. These factors partially offset the gains made in other areas. Despite these challenges, the overall financial performance indicates a resilient and adaptable business model that is responding effectively to market demands and operational challenges. The leadership remains optimistic about the company's ability to meet customer needs and navigate the changing landscape of the transportation industry.

Oct 16, 2024 16:02:05

CSX Corp. Reports Stable Earnings Despite Volume Growth

CSX Corp. reported second quarter 2024 earnings of $963 million, matching last year's figures, while operating income slightly decreased to $1.45 billion. Despite flat revenue of $3.70 billion, total volume increased by 2%. The company highlighted strong sequential growth in earnings per share and operating margin. CEO Joe Hinrichs expressed confidence in their ability to navigate market shifts and achieve margin expansion for the rest of the year.

Aug 05, 2024 16:01:40

CSX Corp. Q1 2024 Results Highlights

CSX Corp. announced a 3% increase in total volume for Q1 2024 compared to the same period last year. Despite a 1% decline in revenue, the company saw growth in intermodal and coal volumes. Operating income decreased by 8% year-over-year but increased by 3% from the previous quarter. Diluted EPS decreased by 4% from the prior year but increased by 2% sequentially. The company remains focused on enhancing network reliability and customer service to capitalize on favorable market trends for future growth.

Apr 17, 2024 16:01:56

CSX Corp. Reports Decrease in Operating Income and Earnings for Q4 2023

CSX Corp. announced a decrease in operating income and net earnings for Q4 2023 and full year 2023 compared to the previous year. However, the company highlighted a 1% increase in total volume for Q4, with growth in Merchandise and Coal volume. The company emphasized focus on customer service and reliable network performance. Revenue declined due to various factors, including lower intermodal storage revenue and reduced fuel surcharge. CSX executives will conduct a conference call to discuss the results.

Jan 24, 2024 16:01:43