CSX Corporation announced its second-quarter 2025 operating income of $1.28 billion, an 11.7% decrease from $1.45 billion in the prior year period. Net income for the quarter was $829 million, or $0.44 per diluted share, down 13.9% from $963 million, or $0.49 per diluted share, in Q2 2024. Total volume for the quarter was flat year-over-year at 1.58 million units, but increased 4% sequentially.
Revenue totaled $3.57 billion for the quarter, a 3.4% decrease year-over-year from $3.68 billion, meeting Wall Street's revenue expectations. However, the reported GAAP profit of $0.44 per share surpassed analysts' consensus estimates of $0.42 per share, indicating a profit beat.
CEO Joe Hinrichs highlighted that the quarter's results and momentum stemmed from deliberate and effective actions taken to restore network efficiency and control costs. He also signaled an openness to potential merger activity within the rail industry, a statement that garnered significant investor attention amid broader industry consolidation talks.
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