Categories AlphaGraphs, Earnings, Industrials
A visual representation of CSX Corp. (CSX) Q1 2020 earnings results
CSX expects a free cash flow profile and a strong balance sheet will provide significant liquidity cushion in future
CSX Corporation (NASDAQ: CSX) reported its financial results for the quarter ended March 31, 2020 today.
![](https://cdn.news.alphastreet.com/wp-content/uploads/2020/04/CSX-Corp-Earnings-Trend-1024x621.jpg)
CSX posted an 8% drop in earnings for the first quarter of 2020 due to lower revenues. The top-line was hurt by lower coal and other revenue as well as unfavorable mix. Domestic coal fell by 16% due to lower shipments of utility coal as a result of continued competition from natural gas. Export coal dropped by 13% due to lower international shipments of thermal and metallurgical coal as a result of lower global benchmark prices.
![CSX Corp (CSX) Q1 2020 earnings review](https://cdn.news.alphastreet.com/wp-content/uploads/2020/04/CSX-Corp-Q1-2020-Earnings-Infographic-649x1024.jpg)
The operating performance continued to improve in the first quarter as train velocity increased 4% to a new first-quarter record level while car dwell fell 3% to a new all-time record level. Looking ahead, the company is withdrawing guidance given the current economic uncertainty related to the COVID-19 pandemic.
Past Performance
Most Popular
CL Earnings: Key quarterly highlights from Colgate-Palmolive’s Q2 2024 financial results
Colgate-Palmolive Company (NYSE: CL) reported its second quarter 2024 earnings results today. Net sales increased 4.9% year-over-year to $5 billion. Organic sales increased 9%. Net income attributable to Colgate-Palmolive Company was $731
Key takeaways from Visa’s Q3 2024 earnings report
Credit card behemoth Visa, Inc. (NYSE: V) this week reported mixed results for the June quarter, with earnings matching expectations and sales slightly missing the view. Both numbers grew in
Southwest Airlines (LUV): A look at the airline’s performance in Q2 2024
Shares of Southwest Airlines Co. (NYSE: LUV) were up over 6% on Thursday after the company beat earnings estimates for the second quarter of 2024. The stock has gained 4%