CSX Reports Review Of Capitalization Of Prior Period Engineering Materials And Labor; Expects Results Of This Review Not To Impact Free Cash Flow In Past Or Future Periods

7/8/24 6:04:00 PM ET

$CSX

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CSX will release second quarter financial and operating results after the market close on Monday, August 5, 2024.

This release date reflects the Company's review of the capitalization of prior period engineering materials and labor.

The results of this review are not expected to impact free cash flow in past or future periods. Excluding the results of this review, the Company still expects to improve both operating income and operating margin on a sequential basis in the second quarter, and management will provide more details on the earnings call.

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Recent Analyst Ratings for
$CSX

Date	Price Target	Rating	Analyst
10/17/2024	$36.00 → $35.00	Hold	TD Cowen
10/9/2024	$42.00	Buy	Citigroup
7/8/2024		Buy → Neutral	BofA Securities
6/7/2024	$35.00	Equal Weight	Wells Fargo
4/8/2024	$40.00	Hold	Jefferies
1/25/2024	$32.00 → $36.00	Market Perform	TD Cowen
1/8/2024		Neutral → Positive	Susquehanna
10/11/2023	$37.00 → $40.00	Neutral → Overweight	JP Morgan

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$CSX
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CSX Announces Leadership Changes to its Legal Organization
JACKSONVILLE, Fla., Nov. 12, 2024 (GLOBE NEWSWIRE) -- CSX (NASDAQ:CSX) today announced that Executive Vice President and Chief Legal Officer Nathan Goldman will retire from the company on January 1, 2025. Michael Burns is promoted to Senior Vice President and Chief Legal Officer effective January 2, 2025. Nathan Goldman retires from CSX after a distinguished 21-year tenure with the company. Goldman's leadership was pivotal in steering the transformation of the business and the transition of three CEOs in eight years, serving all three leaders and the Board of Directors with confidence. "Nathan's contributions to CSX have been highly valued, and his expertise and dedication have been inst
11/12/24 9:15:00 AM ET
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CSX Executive Vice President and Chief Commercial Officer to Address Stephens Annual Investment Conference
JACKSONVILLE, Fla., Nov. 11, 2024 (GLOBE NEWSWIRE) -- CSX Corp. (NASDAQ:CSX) Executive Vice President and Chief Commercial Officer, Kevin Boone, will address the 2024 Stephens Annual Investment Conference in Nashville on Tuesday, November 19, at 10:00 a.m. Eastern Time. This address will be broadcast live via webcast at http://investors.csx.com. A replay will be available following the conclusion of this event. This announcement, as well as additional financial information, is available on the company's website at http://investors.csx.com. About CSX CSX, based in Jacksonville, Florida, is a premier transportation company. It provides rail, intermodal and rail-to-truck transload services
11/11/24 4:05:00 PM ET
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Schneider launches new intermodal service between the Southeast U.S. and Mexico
Schneider is set to launch a new Intermodal service providing continuous rail service between points in Mexico and Texas and points in the Southeastern United States. Service on the new route will begin in December. The lane is a result of recently announced connection between CSX Corp. (NASDAQ:CSX) and Canadian Pacific Kansas City (TSX:CP) (NYSE:CP) (CPKC). As strategic customer of both CSX and CPKC, Schneider National, Inc. (NYSE:SNDR), a premier multimodal provider of transportation, intermodal and logistics services, will provide this competitive advantage to shippers, who have traditionally relied on over-the-road transport in the Southeast. This new service will connect growing
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CSX Announces Leadership Changes to its Legal Organization
JACKSONVILLE, Fla., Nov. 12, 2024 (GLOBE NEWSWIRE) -- CSX (NASDAQ:CSX) today announced that Executive Vice President and Chief Legal Officer Nathan Goldman will retire from the company on January 1, 2025. Michael Burns is promoted to Senior Vice President and Chief Legal Officer effective January 2, 2025. Nathan Goldman retires from CSX after a distinguished 21-year tenure with the company. Goldman's leadership was pivotal in steering the transformation of the business and the transition of three CEOs in eight years, serving all three leaders and the Board of Directors with confidence. "Nathan's contributions to CSX have been highly valued, and his expertise and dedication have been inst
11/12/24 9:15:00 AM ET
$CSX
Railroads
Industrials
Anne Chow Elected to CSX Board of Directors
JACKSONVILLE, Fla., May 08, 2024 (GLOBE NEWSWIRE) -- CSX Corp. (NASDAQ:CSX) held its Annual Shareholders Meeting today. Preliminary results indicate the re-election of the company's 11 director nominees for one-year terms and appointment of Anne Chow to its board of directors. The preliminary results highlight the company's dedication to excellence. Joe Hinrichs, president and chief operating officer of CSX, said: "With a distinguished career marked by progressive leadership, Anne's extensive background in customer service and technology perfectly aligns with CSX's vision for growth and innovation. We are honored to have her join our team and assist us as we advance our strategy to gener
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Investor Group Announces Slate of Highly Qualified, Independent Director Candidates and Proposed Management Team for Norfolk Southern Corporation
Introduces Eight-Member Slate with Deep Experience in Governance, Finance, Legislative and Regulatory Affairs, Strategic Transformations, Transportation and the Railroad Sector Proposes Jim Barber, a Proven Transportation Network Leader and Former Executive at UPS, as CEO and Jamie Boychuk, a Career Railroader and Former Executive at CSX, as COO Introduces "Network of the Future" Strategy Offering Path to Significant Value Creation Releases Presentation Entitled "The Case for Leadership, Safety and Strategy Changes at Norfolk Southern" That is Downloadable at www.MoveNSCForward.com Ohio-based Ancora Holdings Group, LLC, its affiliates and the other participants in its solicitation (
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$CSX
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CSX Corp. Announces Third Quarter 2024 Results
JACKSONVILLE, Fla., Oct. 16, 2024 (GLOBE NEWSWIRE) -- CSX Corp. (NASDAQ:CSX) today announced third quarter 2024 operating income of $1.35 billion compared to $1.27 billion in the prior year period. Net earnings were $894 million, or $0.46 per diluted share, compared to $828 million, or $0.41 per diluted share, in the same period last year. Total volume of 1.59 million units for the quarter was 3% higher compared to third quarter 2023. "CSX's commitment to excellent service allowed us to deliver meaningful growth in volume, operating income, and operating margin in the third quarter," said Joe Hinrichs, president and chief executive officer. "Over the last several weeks CSX, along with man
10/16/24 4:01:00 PM ET
$CSX
Railroads
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CSX Corporation Declares Quarterly Dividend
JACKSONVILLE, Fla., Oct. 03, 2024 (GLOBE NEWSWIRE) -- CSX Corp. (NASDAQ:CSX) announced that the Company's Board of Directors approved a $0.12 per share quarterly dividend on the Company's common stock. The dividend is payable on December 13, 2024, to shareholders of record at the close of business on November 29, 2024. About CSX and its Disclosures CSX, based in Jacksonville, Florida, is a premier transportation company. It provides rail, intermodal and rail-to-truck transload services and solutions to customers across a broad array of markets, including energy, industrial, construction, agricultural, and consumer products. For nearly 200 years, CSX has played a critical role in the nati
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CSX Corporation Announces Date for Third Quarter Earnings Release and Earnings Call
JACKSONVILLE, Fla., Sept. 24, 2024 (GLOBE NEWSWIRE) -- CSX Corp. (NASDAQ:CSX) will release third quarter financial and operating results after the market close on Wednesday, October 16, 2024. This will be followed by a conference call and live webcast hosted by the company's management team at 4:30 p.m. Eastern Time. Those interested in participating via teleconference may dial 1-888-510-2008. Callers outside the U.S. may dial 1-646-960-0306. Participants should dial in 10 minutes prior to the call and use 3368220 as the passcode. Presentation materials and access to the webcast will be available on the company's website at http://investors.csx.com. Following the earnings call, a webcast
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$CSX
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CSX Reports Review Of Capitalization Of Prior Period Engineering Materials And Labor; Expects Results Of This Review Not To Impact Free Cash Flow In Past Or Future Periods

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$CSX Insider Trading

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EVP & CLO Goldman Nathan D sold $4,197,315 worth of shares (118,588 units at $35.39) and exercised 70,000 shares at a strike of $22.69, decreasing direct ownership by 19% to 202,991 units (SEC Form 4)

Director Whisler J Steven was granted 1,119 shares (SEC Form 4)

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