Q4 FY2024 results ended on Dec 31, 2024
- Revenue: $3.54B, -4% YoY
- Net income: $733M, -17% YoY
- Adjusted EPS: $0.42 vs $0.45 in Q4 2023
- Total volume: 1.58M units, +1% YoY
CEO Joe Hinrichs: "While 2024 had its challenges, I am proud of how the ONE CSX team responded. We managed through substantial impacts from major hurricanes and the Key Bridge outage early in the year and remained focused on delivering industry-leading customer satisfaction."
🌱Revenue & Growth
- Full year revenue: $14.54B, -1% YoY
- Merchandise and intermodal volumes grew
- Coal revenue declined
- Lower fuel surcharge revenue impacted results
💰Profits & Financials
- Operating income: $1.11B (or $1.21B adjusted)
- Operating margin: 31.3% (34.3% adjusted)
- Full year operating income: $5.25B, -5% YoY
- Includes $108M goodwill impairment charge
📌Business Highlights
- Successfully managed through hurricane impacts
- Maintained focus on customer satisfaction
- Continued network efficiency improvements
- Added connections to 240+ short-line railroads
🔮Future Outlook
- Focus on safety, service, and operating efficiency
- Investing in network strength and capabilities