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1h ago

CSX Reports Q3 Earnings as Goodwill Impairment Cuts GAAP Profit, Revenue Slips 1%

Management signals confidence in leveraging network performance to drive long-term profitable growth.

FILE - A CSX freight pulls through Ohiopyle, Pa., on Tuesday, Aug. 19, 2025. (AP Photo/Gene J. Puskar, File)
A CSX freight train travels in Washington, U.S., December 14, 2024. REUTERS/Benoit Tessier/File Photo

Overview

  • GAAP operating income was $1.09 billion with net earnings of $694 million, or $0.37 per share.
  • Excluding a $164 million non-cash goodwill impairment, adjusted operating income was $1.25 billion and adjusted net earnings were $818 million, or $0.44 per share.
  • Quarterly volume reached 1.61 million units, up 1% year over year, while revenue declined 1% to $3.59 billion.
  • Adjusted results included $35 million in corporate restructuring, severance, and advisory expenses, with a $0.01 impact on adjusted EPS.
  • CSX scheduled a 4:30 p.m. ET investor call with a live webcast, posted presentation materials, and filed detailed results on Form 8-K with the SEC.