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.

CSX Corp (CSX) Q1 2020 earnings review

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

JetBlue Airways (JBLU) Q4 2022 Earnings: Key financials and quarterly highlights

JetBlue Airways Corporation (NASDAQ: JBLU) reported fourth quarter 2022 earnings results today. Total operating revenues increased 32% year-over-year to $2.4 billion.   Net income amounted to $24 million, or $0.07

AAL Q4 2022 Report: Highlights American Airlines earnings

American Airlines Group (NASDAQ: AAL) announced fourth-quarter 2022 financial results on Thursday, reporting a sharp increase in revenues. The company turned profit from a loss last year. Total operating revenues

LUV Earnings: A snapshot of Southwest Airlines’ Q4 2022 report

Southwest Airlines Co. (NYSE: LUV) on Thursday announced financial results for the fourth quarter of 2022, reporting a net loss and a double-digit increase in revenues. Total operating revenue was

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top