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.
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.
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
BIIB Earnings: Biogen Q1 2024 adj. earnings rise despite lower revenues
Biotechnology firm Biogen Inc. (NASDAQ: BIIB) Wednesday reported an increase in adjusted profit for the first quarter of 2024, despite a decline in revenues. Total revenue declined 7% year-over-year to
Hasbro (HAS) Q1 2024 Earnings: Key financials and quarterly highlights
Hasbro, Inc. (NASDAQ: HAS) reported first quarter 2024 earnings results today. Revenues decreased 24% year-over-year to $757.3 million. Net earnings attributable to Hasbro, Inc. were $58.2 million, or $0.42 per
BA Earnings: Highlights of Boeing’s Q1 2024 financial results
The Boeing Company (NYSE: BA) on Wednesday announced financial results for the first quarter of 2024, reporting a narrower net loss, on an adjusted basis. Revenues dropped 8%. Core loss,
