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MarketScreener Homepage  >  Equities  >  Nasdaq  >  CSX Corporation    CSX

CSX CORPORATION

(CSX)
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CSX : Third Quarter 2020 Financial Report

10/21/2020 | 04:05pm EST

CSX Corp. Announces Third Quarter 2020 Financial Results,

Authorizes Additional $5 Billion Share Buyback

JACKSONVILLE, Fla. - October 21, 2020 - CSX Corp. (NASDAQ: CSX) today announced third quarter 2020 net earnings of $736 million, or $0.96 per share, versus $856 million, or $1.08 per share in the same period last year. Despite lower economic activity resulting from the COVID-19 pandemic, CSX's operating ratio of 56.9 percent remained in line with the prior year's record results.

"I am incredibly proud of how CSX's exceptional team of railroaders continues to deliver against the challenges this year has presented," said James M. Foote, president and chief executive officer. "Their hard work allowed CSX to efficiently absorb the record rebound in volume while maintaining high levels of customer service."

Revenue for the third quarter decreased 11 percent from the prior year to $2.65 billion, as intermodal volume growth was more than offset by declines in coal and merchandise volumes as well as lower fuel surcharge revenue. Expenses decreased 11 percent year over year to $1.51 billion, driven by continued efficiency gains and volume-related reductions. Operating income declined 11 percent for the quarter to $1.14 billion compared to $1.29 billion in the same period last year.

CSX also announced the Board authorized a new share repurchase program, providing $5 billion of incremental authority to the approximately $1.1 billion remaining under the existing share repurchase program. This new program affirms CSX's commitment to continued return of capital to shareholders.

CSX executives will conduct a conference call with the investment community this afternoon, October 21, at 4:30 p.m. Eastern Time. Investors, media and the public may listen to the conference call by dialing 1-866-324-3683. For callers outside the U.S., dial 1-509-844-0959. Participants should dial in 10 minutes prior to the call and enter in 6621759 as the passcode.

In conjunction with the call, a live webcast will be accessible and presentation materials will be posted on the company's website at http://investors.csx.com. Following the earnings call, a webcast replay of the presentation will be archived on the company website.

This earnings announcement, as well as additional detailed financial information, is contained in the CSX Quarterly Financial Report available through the company's website at http://investors.csx.com and on Form 8-K with the Securities and Exchange Commission.

Table of Contents

The accompanying unaudited

CSX CORPORATION

CONTACTS:

financial information should be

500 Water Street, C900

INVESTOR RELATIONS

Consolidated Financial Statements

.......p.3

read in conjunction with the

Jacksonville, FL 32202

Bill Slater

Operating Statistics..............................

p. 10

Company's most recent

www.csx.com

(904) 359-1334

Non-GAAP Measures...........................

p. 11

Annual Report on Form 10-K,

MEDIA

Quarterly Reports on Form 10-Q, and

Bryan Tucker

any Current Reports on Form 8-K.

(855) 955-6397

1

About CSX and its Disclosures

CSX, based in Jacksonville, Florida, is a premier transportation company. It provides rail, intermodal and rail-to-truck transload services and solutions to customers across a broad array of markets, including energy, industrial, construction, agricultural, and consumer products. For nearly 200 years, CSX has played a critical role in the nation's economic expansion and industrial development. Its network connects every major metropolitan area in the eastern United States, where nearly two-thirds of the nation's population resides. It also links more than 230 short-line railroads and more than 70 ocean, river and lake ports with major population centers and farming towns alike.

This announcement, as well as additional financial information, is available on the company's website at http:// investors.csx.com. CSX also uses social media channels to communicate information about the company. Although social media channels are not intended to be the primary method of disclosure for material information, it is possible that certain information CSX posts on social media could be deemed to be material. Therefore, we encourage investors, the media, and others interested in the company to review the information we post on Twitter (http://twitter.com/CSX) and on Facebook (http://www.facebook.com/OfficialCSX). The social media channels used by CSX may be updated from time to time. More information about CSX Corporation and its subsidiaries is available at www.csx.com.

Non-GAAP Disclosure

CSX reports its financial results in accordance with accounting principles generally accepted in the United States of America (U.S. GAAP). CSX also uses certain non-GAAP measures that fall within the meaning of Securities and Exchange Commission Regulation G and Regulation S-K Item 10(e), which may provide users of the financial information with additional meaningful comparison to prior reported results. Non-GAAP measures do not have standardized definitions and are not defined by U.S. GAAP. Therefore, CSX's non-GAAP measures are unlikely to be comparable to similar measures presented by other companies. The presentation of these non-GAAP measures should not be considered in isolation from, as a substitute for, or as superior to the financial information presented in accordance with GAAP.

Forward-looking Statements

This information and other statements by the company may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act with respect to, among other items: projections and estimates of earnings, revenues, margins, volumes, rates, cost-savings, expenses, taxes, liquidity, capital expenditures, dividends, share repurchases or other financial items, statements of management's plans, strategies and objectives for future operations, and management's expectations as to future performance and operations and the time by which objectives will be achieved, statements concerning proposed new services, and statements regarding future economic, industry or market conditions or performance. Forward-looking statements are typically identified by words or phrases such as "will," "should," "believe," "expect," "anticipate," "project," "estimate," "preliminary" and similar expressions. Forward-looking statements speak only as of the date they are made, and the company undertakes no obligation to update or revise any forward-looking statement. If the company updates any forward-looking statement, no inference should be drawn that the company will make additional updates with respect to that statement or any other forward-looking statements.

Forward-looking statements are subject to a number of risks and uncertainties, and actual performance or results could differ materially from that anticipated by any forward-looking statements. Factors that may cause actual results to differ materially from those contemplated by any forward- looking statements include, among others; (i) the company's success in implementing its financial and operational initiatives; (ii) changes in domestic or international economic, political or business conditions, including those affecting the transportation industry (such as the impact of industry competition, conditions, performance and consolidation); (iii) legislative or regulatory changes; (iv) the inherent business risks associated with safety and security; (v) the outcome of claims and litigation involving or affecting the company; (vi) natural events such as severe weather conditions or pandemic health crises; and (vii) the inherent uncertainty associated with projecting economic and business conditions.

Other important assumptions and factors that could cause actual results to differ materially from those in the forward- looking statements are specified in the company's SEC reports, accessible on the SEC's website at www.sec.gov and the company's website at www.csx.com.

2

CSX Corporation

CONSOLIDATED INCOME STATEMENTS (Unaudited)

(Dollars in millions, except per share amounts)

Quarters Ended

Sep. 30,

Sep. 30,

$

%

2020

2019

Change

Change

Nine Months Ended

Sep. 30,

Sep. 30,

$

%

2020

2019

Change

Change

Revenue

$

2,648

$

2,978

$

(330)

(11)%

$

7,758

$

9,052

$

(1,294)

(14)%

Expense

Labor and Fringe

574

638

64

10

1,687

1,958

271

14

Materials, Supplies and Other

378

407

29

7

1,239

1,323

84

6

Depreciation

348

338

(10)

(3)

1,036

1,005

(31)

(3)

Fuel

119

223

104

47

402

690

288

42

Equipment and Other Rents

88

85

(3)

(4)

247

265

18

7

Total Expense

1,507

1,691

184

11

4,611

5,241

630

12

Operating Income

1,141

1,287

(146)

(11)

3,147

3,811

(664)

(17)

Interest Expense

(187)

(186)

(1)

(1)

(565)

(548)

(17)

(3)

Other Income - Net

14

24

(10)

(42)

51

72

(21)

(29)

Earnings Before Income Taxes

968

1,125

(157)

(14)

2,633

3,335

(702)

(21)

Income Tax Expense

(232)

(269)

37

14

(628)

(775)

147

19

Net Earnings

$

736

$

856

$

(120)

(14)%

$

2,005

$

2,560

$

(555)

(22)%

Operating Ratio

56.9 %

56.8 %

59.4 %

57.9 %

Per Common Share

Net Earnings Per Share,

$

0.96

$

1.08

$

(0.12)

(11)%

$

2.61

$

3.18

$

(0.57)

(18)%

Assuming Dilution

Average Shares Outstanding,

767

792

769

805

Assuming Dilution (Millions)

Certain prior year data has been reclassified to conform to the current presentation.

3

CSX Corporation

CONDENSED CONSOLIDATED BALANCE SHEETS

(Dollars in millions)

(Unaudited)

Sep. 30,

Dec. 31,

2020

2019

ASSETS

Cash and Cash Equivalents

$

2,898

$

958

Short-Term Investments

1

996

Other Current Assets

1,329

1,324

Properties - Net

32,381

32,168

Investment in Affiliates and Other Companies

1,949

1,879

Other Long-Term Assets

885

932

Total Assets

$

39,443

$

38,257

LIABILITIES AND SHAREHOLDERS' EQUITY

Current Maturities of Long-Term Debt

$

371

$

245

Other Current Liabilities

1,923

1,906

Long-Term Debt

16,121

15,993

Deferred Income Taxes - Net

7,087

6,961

Other Long-Term Liabilities

1,214

1,289

Total Liabilities

26,716

26,394

Total Shareholders' Equity

12,727

11,863

Total Liabilities and Shareholders' Equity

$

39,443

$

38,257

4

CSX Corporation

CONDENSED CONSOLIDATED CASH FLOW STATEMENTS (Unaudited)

(Dollars in millions)

Nine Months Ended

Sep. 30,

Sep. 30,

2020

2019

OPERATING ACTIVITIES

Net Earnings

$

2,005

$

2,560

Adjustments to Reconcile Net Earnings to Net Cash Provided by

Operating Activities:

Depreciation

1,036

1,005

Deferred Income Tax Expense

117

186

Gains on Property Dispositions

(33)

(129)

Other Operating Activities - Net

3

115

Net Cash Provided by Operating Activities

3,128

3,737

INVESTING ACTIVITIES

Property Additions

(1,209)

(1,191)

Proceeds from Property Dispositions

51

218

Purchases of Short-Term Investments

(426)

(2,255)

Proceeds from Sales of Short-Term Investments

1,423

1,480

Other Investing Activities

(32)

19

Net Cash Used in Investing Activities

(193)

(1,729)

FINANCING ACTIVITIES

Long-term Debt Issued

500

2,000

Long-term Debt Repaid

(245)

(18)

Dividends Paid

(599)

(577)

Shares Repurchased (a)

(664)

(2,767)

Other Financing Activities

13

17

Net Cash Used in Financing Activities

(995)

(1,345)

Net Increase in Cash and Cash Equivalents

1,940

663

CASH AND CASH EQUIVALENTS

Cash and Cash Equivalents at Beginning of Period

958

858

Cash and Cash Equivalents at End of Period

$

2,898

$

1,521

Certain prior year data has been reclassified to conform to the current presentation.

5

CSX Corporation

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)

  1. Shares Repurchased: During third quarters and nine months ended 2020 and 2019, the Company engaged in the following repurchase activities:

Quarters EndedNine Months Ended

Sep. 30, 2020

Sep. 30, 2019

Sep. 30, 2020

Sep. 30, 2019

Shares Repurchased (Millions)

1

16

10

39

Cost of Shares (Dollars in millions)

$

48

$

1,111

$

664

$

2,767

Average Cost per Share Repurchased

$

67.99

$

68.94

$

65.12

$

71.11

6

CSX Corporation

VOLUME AND REVENUE (Unaudited)

Volume (Thousands of units); Revenue (Dollars in millions); Revenue Per Unit (Dollars)

Quarters Ended September 30, 2020 and September 30, 2019

Volume

Revenue

Revenue Per Unit

2020

2019

%

2020

2019

%

2020

2019

%

Change

Change

Change

Chemicals(a)

165

166

(1)%

$

566

590

(4)%

$

3,430

$

3,554

(3)%

Agricultural and Food Products

115

119

(3)

335

354

(5)

2,913

2,975

(2)

Automotive

102

110

(7)

271

297

(9)

2,657

2,700

(2)

Minerals(a)

86

90

(4)

144

147

(2)

1,674

1,633

3

Forest Products(a)

67

73

(8)

206

222

(7)

3,075

3,041

1

Metals and Equipment(a)

58

65

(11)

159

195

(18)

2,741

3,000

(9)

Fertilizers

57

60

(5)

96

101

(5)

1,684

1,683

-

Total Merchandise

650

683

(5)

1,777

1,906

(7)

2,734

2,791

(2)

Coal

155

213

(27)

330

516

(36)

2,129

2,423

(12)

Intermodal

717

673

7

445

447

-

621

664

(6)

Other

-

-

-

96

109

(12)

-

-

-

Total

1,522

1,569

(3)%

$

2,648

$

2,978

(11)%

$

1,740

$

1,898

(8)%

Nine Months Ended September 30, 2020 and September 30, 2019

Volume

Revenue

Revenue Per Unit

2020

2019

%

2020

2019

%

2020

2019

%

Change

Change

Change

Chemicals(a)

495

506

(2)%

$

1,723

1,770

(3)%

$

3,481

$

3,498

- %

Agricultural and Food Products

338

351

(4)

1,011

1,056

(4)

2,991

3,009

(1)

Automotive

241

346

(30)

645

937

(31)

2,676

2,708

(1)

Minerals(a)

243

250

(3)

405

419

(3)

1,667

1,676

(1)

Forest Products(a)

202

214

(6)

617

652

(5)

3,054

3,047

-

Metals and Equipment(a)

173

192

(10)

500

572

(13)

2,890

2,979

(3)

Fertilizers

175

183

(4)

311

323

(4)

1,777

1,765

1

Total Merchandise

1,867

2,042

(9)

5,212

5,729

(9)

2,792

2,806

-

Coal

463

651

(29)

1,022

1,611

(37)

2,207

2,475

(11)

Intermodal

1,963

1,988

(1)

1,226

1,311

(6)

625

659

(5)

Other

-

-

-

298

401

(26)

-

-

-

Total

4,293

4,681

(8)%

$

7,758

$

9,052

(14)%

$

1,807

$

1,934

(7)%

  1. In first quarter 2020, changes were made in the categorization of certain lines of business, impacting Chemicals, Minerals, Forest Products, and Metals and Equipment. The impacts were not material and prior periods have been reclassified to conform to the current presentation.

7

CSX Corporation

VOLUME AND REVENUE

The COVID-19 pandemic continued to impact volumes during the quarter. Total revenue decreased 11% in third quarter 2020 when compared to third quarter 2019 due to volume declines in merchandise and coal, decreases in fuel recovery and declines in coal pricing resulting from lower global benchmark prices. These decreases were partially offset by pricing gains in merchandise and intermodal as well as intermodal volume growth.

Fuel Surcharge

Fuel surcharge revenue is included in the individual markets. Fuel lag is the estimated difference between highway diesel prices in the quarter and the prices used for fuel surcharge, which are generally on a two month lag.

Quarters EndedNine Months Ended

(Dollars in millions)

Sep. 30, 2020

Sep. 30, 2019

Sep. 30, 2020

Sep. 30, 2019

Fuel Surcharge Revenue

$

70

$

154

$

293

$

464

Fuel Lag (Expense) Benefit

$

(1)

$

8

$

34

$

15

Merchandise Volume

Chemicals- Declined due to lower shipments of frac sand and other industrial chemicals, partially offset by increases in crude oil and plastics shipments.

Agricultural and Food Products- Declined due to lower shipments of grain and feed, partially offset by increases in ethanol shipments.

Automotive- Declined as a result of lower vehicle production at plants served by CSX.

Minerals- Decreased due to lower shipments of aggregates and other minerals.

Forest Products- Declined due to lower shipments of printing paper, wood pulp and building products.

Metals and Equipment- Declined as a result of reduced equipment shipments as well as reduced sheet steel and pipe shipments.

Fertilizers- Decreased due to lower shipments of phosphate and sulfur.

Coal Volume

The decline in domestic coal was driven by lower shipments of utility coal as a result of continued competition from natural gas and reduced electrical demand, as well as lower steel and industrial shipments due to lower industrial production. Export coal declined due to reduced international shipments of thermal and metallurgical coal as a result

of lower global benchmark prices.

Quarters Ended

Nine Months Ended

(Millions of tons)

Sep. 30, 2020

Sep. 30, 2019

Change

Sep. 30, 2020

Sep. 30, 2019

Change

Coal Tonnage

Domestic

10.3

15.3

(33)%

29.6

43.3

(32)%

Export

7.2

8.8

(18)

22.3

29.9

(25)

Total Coal

17.5

24.1

(27)%

51.9

73.2

(29)%

Intermodal Volume

Increases in both

domestic and international shipments resulted

from tightening truck capacity, inventory

replenishments and growth in rail volumes from east coast ports.

Other Revenue

Other revenue decreased $13 million versus prior year primarily due to lower affiliate revenue and declines in demurrage.

8

CSX Corporation

EXPENSE

Expenses of $1.5 billion decreased $184 million, or 11%, in third quarter 2020 when compared to third quarter 2019 primarily driven by efficiency and volume savings as well as lower fuel prices, partially offset by lower gains from real estate sales.

Labor and Fringeexpense decreased $64 million due to the following:

  • Efficiency and volume savings of $71 million primarily resulted from reduced crew starts and lower headcount.
  • Other costs increased $7 million primarily due to inflation.

Materials, Supplies and Otherexpense decreased $29 million due to the following:

  • Efficiency and volume savings of $58 million primarily resulted from lower operating support costs, lower terminal costs and reduced equipment maintenance expenses.
  • Other costs decreased $33 million primarily due to a $22 million non-railroad asset impairment in the prior year related to an intermodal terminal sale agreement and other non-significant items.
  • Partially offsetting these decreases, gains from real estate sales of $3 million in 2020 were lower than gains of $65 million in 2019.

Depreciationexpense increased $10 million primarily due to the results of a 2019 equipment depreciation study.

Fuelexpense decreased $104 million driven by a 36% price decrease, lower volumes and record fuel efficiency in the current year as well as a $15 million net expense in prior year related to state fuel tax matters.

Equipment and Other Rentsexpense increased $3 million primarily resulting from higher intermodal volumes and inflation.

Employee Counts (Estimated)

Quarters EndedNine Months Ended

Sep. 30, 2020

Sep. 30, 2019

Change

Sep. 30, 2020

Sep. 30, 2019

Change

Average

19,313

21,331

(2,018)

19,760(a)

21,777

(2,017)

Ending

19,300

21,158

(1,858)

19,300

21,158

(1,858)

  1. During second quarter 2020, there were on average 307 employees on temporary emergency reserve boards who are included in the average employee count for nine months ended September 30, 2020 in the above table. Employees on these boards received 7 days of guarantee pay in each 28-day cycle and were eligible, if qualified, for Railroad Retirement Board unemployment benefits for the other 21 days during which they were considered furloughed. Excluding these employees, average headcount for the nine months ended September 30, 2020 would be 19,658. There were no employees on temporary emergency reserve boards during third quarter 2020.

Fuel Expense

Quarters Ended

Nine Months Ended

(Dollars and gallons in millions, except price per gallon)

Sep. 30, 2020

Sep. 30, 2019

Sep. 30, 2020

Sep. 30, 2019

Estimated Locomotive Fuel Consumption (Gallons)

84.3

94.7

254.9

298.1

Price per Gallon (Dollars)

$

1.32

$

2.05

$

1.44

$

2.09

Total Locomotive Fuel Expense

$

111

$

194

$

367

$

623

Non-locomotive Fuel Expense

8

29

35

67

Total Fuel Expense

$

119

$

223

$

402

$

690

Fuel Efficiency (Gallons of locomotive fuel per 1,000 GTMs)

0.93

0.98

0.97

1.01

9

CSX Corporation

OPERATING STATISTICS (Estimated)

In third quarter 2020, train velocity decreased by 3% and car dwell increased 9% relative to the prior year period. The Company remains focused on executing the operating plan to deliver improved reliability, faster transit times and increased asset utilization while continuing to control costs.

From a safety perspective, CSX saw a third quarter record low number of FRA reportable injuries as well as a third quarter record low number of FRA reportable train accidents. The personal injury frequency index of 0.77 improved 9% versus the prior year, representing a new third quarter record low level. The FRA train accident rate of 2.66 increased 12% compared to the third quarter of 2019. Despite a reduction in the number of incident versus third quarter 2019, the reduction of accidents did not offset the reduction in train miles. The Company is committed to safety improvement and remains focused on reducing risk and enhancing the overall safety of its employees, customers and communities in which the Company operates.

Quarters Ended

Sep. 30,

Sep. 30,

Improvement /

2020

2019

(Deterioration)

Nine Months Ended

Sep. 30,

Sep. 30,

Improvement /

2020

2019

(Deterioration)

Operations Performance

Train Velocity (Miles per hour) (a)

19.6

20.3

(3)%

20.7

20.2

2 %

Dwell (Hours) (a)

9.7

8.9

(9)%

9.0

8.7

(3)%

Cars Online (a)

115,823

118,787

2 %

108,437

119,564

9 %

Revenue Ton-Miles(Billions)

Merchandise

31.0

32.1

(3)%

91.9

96.7

(5)%

Coal

7.1

10.3

(31)%

21.7

31.7

(32)%

Intermodal

7.4

6.7

10 %

20.3

20.0

2 %

Total Revenue Ton-Miles

45.5

49.1

(7)%

133.9

148.4

(10)%

Total Gross Ton-Miles(Billions)

90.3

97.1

(7)%

262.6

293.7

(11)%

On-Time Originations

85 %

93 %

(9)%

88 %

88 %

- %

On-Time Arrivals

71 %

79 %

(10)%

80 %

77 %

4 %

Safety

FRA Personal Injury Frequency Index

0.77

0.85

9 %

0.82

0.82

- %

FRA Train Accident Rate

2.66

2.37

(12)%

2.47

2.43

(2)%

Certain operating statistics are estimated and can continue to be updated as actuals settle.

  1. The methodology for calculating train velocity, dwell and cars online differs from that prescribed by the Surface Transportation Board. The Company will continue to report these metrics to the Surface Transportation Board using the prescribed methodology. See additional discussion on the Company's website.

Key Performance Measures Definitions

Train Velocity- Average train speed between origin and destination in miles per hour (does not include locals, yard jobs, work trains or passenger trains). Train velocity measures the profiled schedule of trains (from departure to arrival and all interim time), and train profiles are periodically updated to align with a changing operation.

Dwell- Average amount of time in hours between car arrival to and departure from the yard.

Cars Online- Average number of active freight rail cars on lines operated by CSX, excluding rail cars that are being repaired, in storage, those that have been sold, or private cars dwelling at a customer location more than one day.

Revenue Ton-Miles(RTM's)- The movement of one revenue-producing ton of freight over a distance of one mile.

Gross Ton-Miles(GTM's)- The movement of one ton of train weight over one mile. GTM's are calculated by multiplying total train weight by distance the train moved. Total train weight is comprised of the weight of the freight cars and their contents.

On-TimeOriginations- Percent of scheduled road trains that depart the origin yard on-time or ahead of schedule.

On-TimeArrivals- Percent of scheduled road trains that arrive at the destination yard on-time to within two hours of scheduled arrival. FRA Personal Injury Frequency Index- Number of FRA-reportable injuries per 200,000 man-hours.

FRA Train Accident Rate- Number of FRA-reportable train accidents per million train-miles.

10

CSX Corporation

NON-GAAP MEASURES (Unaudited)

The Company reports its financial results in accordance with accounting principles generally accepted in the United States of America (U.S. GAAP). The Company also uses certain non-GAAP measures that fall within the meaning of Securities and Exchange Commission Regulation G and Regulation S-K Item 10(e), which may provide users of the financial information with additional meaningful comparison to prior reported results. Non-GAAP measures do not have standardized definitions and are not defined by U.S. GAAP. Therefore, the Company's non-GAAP measures are unlikely to be comparable to similar measures presented by other companies. The presentation of these non- GAAP measures should not be considered in isolation from, as a substitute for, or as superior to the financial information presented in accordance with GAAP. Reconciliations of non-GAAP measures to corresponding GAAP measures are below.

Free Cash Flow

Management believes that free cash flow is supplemental information useful to investors as it is important in evaluating the Company's financial performance. More specifically, free cash flow measures cash generated by the business after reinvestment. This measure represents cash available for both equity and bond investors to be used for dividends, share repurchases or principal reduction on outstanding debt. Free cash flow is calculated by using net cash from operations and adjusting for property additions and certain other investing activities, which includes proceeds from property dispositions. Free cash flow should be considered in addition to, rather than a substitute for, cash provided by operating activities. The following table reconciles cash provided by operating activities (GAAP measure) to free cash flow, before dividends (non-GAAP measure).

(Dollars in millions)

Net Cash Provided by Operating Activities Property Additions

Other Investing Activities

Free Cash Flow (before payment of dividends)

Nine Months Ended

Sep. 30, 2020

Sep. 30, 2019

$

3,128

$

3,737

(1,209)

(1,191)

19

237

$

1,938

$

2,783

11

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CSX Corporation published this content on 21 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 October 2020 20:04:00 UTC


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Sales 2020 10 509 M - -
Net income 2020 2 749 M - -
Net Debt 2020 13 585 M - -
P/E ratio 2020 25,1x
Yield 2020 1,18%
Capitalization 68 868 M 68 868 M -
EV / Sales 2020 7,85x
EV / Sales 2021 7,33x
Nbr of Employees 19 000
Free-Float 99,9%
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Technical analysis trends CSX CORPORATION
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 28
Average target price 89,70 $
Last Close Price 90,05 $
Spread / Highest target 16,6%
Spread / Average Target -0,38%
Spread / Lowest Target -42,3%
EPS Revisions
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NameTitle
James M. Foote President, Chief Executive Officer & Director
John J. Zillmer Non-Executive Chairman
Jamie Boychuk Executive Vice President-Operations
Kevin S. Boone Chief Financial Officer & Executive VP
Kathleen Brandt Chief Information Officer & Senior Vice President
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