Edition:
United States

CSX Corp (CSX.O)

CSX.O on Nasdaq

48.78USD
18 Aug 2017
Change (% chg)

$-0.10 (-0.20%)
Prev Close
$48.88
Open
$48.67
Day's High
$49.29
Day's Low
$48.16
Volume
6,910,756
Avg. Vol
7,982,160
52-wk High
$55.48
52-wk Low
$27.89

Latest Key Developments (Source: Significant Developments)

CSX Corp announces Q2 earnings per share $0.55
Tuesday, 18 Jul 2017 04:02pm EDT 

July 18 (Reuters) - CSX Corp :CSX Corporation announces second quarter earnings and increase in share repurchase program.Q2 earnings per share $0.55.Q2 revenue rose 8 percent.Q2 earnings per share view $0.59 -- Thomson Reuters I/B/E/S.Q2 adjusted earnings per share $0.64 excluding items.Board authorized an additional $500 million for current share repurchase program, which now totals $1.5 billion.CSX Corp - Is currently evaluating its cash deployment strategy with respect to capital structure and shareholder distributions.CSX Corp - Adjusting for restructuring charges, CSX continues to expect a full-year operating ratio in mid-60s.CSX Corp - ‍Incurred a $122 million restructuring charge in this year's Q2 results​.CSX - Adjusting for restructuring charges, CSX continues to expect FY earnings per share growth of around 25 percent off 2016 reported base of $1.81.CSX Corp - Adjusting for restructuring charges, csx continues to expect to drive a full-year operating ratio in mid-60s.CSX Corp - ‍Adjusting for restructuring charges, CSX continues to expect to drive a full-year free cash flow before dividends of around $1.5 billion​.CSX Corp - Revenue for Q2 increased 8 percent when compared to previous year.  Full Article

CSX Corp says board approved amendment to co's bylaws - SEC filing​
Tuesday, 11 Jul 2017 01:26pm EDT 

July 11 (Reuters) - CSX Corp ::On July 7, board approved an amendment to company's amended and restated bylaws - SEC filing​.Amendment changes fiscal year to a calendar year commencing on first day of January each year and ending on December 31​.Does not expect the change will materially impact comparability of co's financial results for fiscal year 2016 and fiscal year 2017​.Change to a calendar fiscal year will be made on a prospective basis and operating results for prior periods will not be adjusted.  Full Article

CSX sets quarterly dividend of $0.20 per share
Friday, 7 Jul 2017 04:00pm EDT 

July 7 (Reuters) - CSX Corp ::Sets quarterly dividend of $0.20 per share.  Full Article

CSX Corp raises dividend, announces share buyback
Thursday, 20 Apr 2017 08:00am EDT 

April 20 (Reuters) - Csx Corp :Sets quarterly dividend of $0.20per share.Csx corporation announces dividend increase, new share repurchase program and full-year guidance.Csx corp - 11 percent increase in its quarterly dividend.Csx corp - expects to realize record efficiency gains and a step-function improvement in financial measures for year.Csx corp - adjusting for restructuring charges in 2017, actions are expected to drive a full-year operating ratio in mid-60s.Csx corp says expects to complete share repurchase by end of q1 of 2018.Csx corp says csx now expects to invest $2.1 billion in 2017, including approximately $270 million for positive train control.Csx - adjusting for restructuring charges in 2017, actions expected to drive eps growth of around 25 percent off 2016 reported base of $1.81.Csx corp - adjusting for restructuring charges in 2017, actions are expected to drive free cash flow before dividends of around $1.5 billion.  Full Article

CSX Q1 adjusted EPS $0.51 excluding items
Wednesday, 19 Apr 2017 04:02pm EDT 

April 19 (Reuters) - CSX Corp ::Qtrly revenue $2,869 million versus $2,618 million.Q1 adjusted earnings per share $0.51 excluding items.CSX Corp - in march 2017, company reduced its management workforce by 765 employees through an involuntary separation program with enhanced benefits.CSX Corp - cash expenditures, most of which will take place in Q2 2017, will total approximately $90 million primarily related to one-time severance costs.CSX Corp qtrly gaap earnings per share $0.39.  Full Article

CSX Corp reports Q1 earnings per share $0.39
Wednesday, 19 Apr 2017 04:02pm EDT 

April 19 (Reuters) - CSX Corp -:CSX Corporation announces first quarter earnings.Q1 earnings per share $0.39.Q1 earnings per share view $0.42 -- Thomson Reuters I/B/E/S.Q1 adjusted earnings per share $0.51 excluding items.CSX Corp says revenue for quarter increased 10 percent.Q1 revenue view $2.76 billion -- Thomson Reuters I/B/E/S.  Full Article

CSX names Hunter Harrison as CEO
Monday, 6 Mar 2017 06:06pm EST 

Csx Corp : CSX names Hunter Harrison as chief executive officer . Says Harrison replaces Michael Ward, who announced his decision to retire as chairman and CEO on February 21, 2017 . Reached an agreement with Mantle Ridge LP, an investment firm formed by Paul Hilal, to reconstitute company's board of directors . CSX shareholders to vote on proposed reimbursement in respect of foregone compensation of harrison at upcoming annual meeting of shareholders . named Hunter Harrison as chief executive officer, effective immediately . CSX has appointed five new directors to its board of directors, mutually agreed upon by CSX and Mantle Ridge and effective immediately . In addition, three incumbent CSX directors intend to complete their service for board at or before conclusion of 2017 annual meeting . As part of his compensation, Harrison will receive an award of incentive options to purchase 9 million shares of Co at current trading price . CSX's current presiding director, Edward Kelly, III, will become chairman of board and hilal will become vice chairman . Says previously convened special meeting of shareholders will not be held . Harrison indicated that he will resign after 2017 annual meeting if reimbursement and tax indemnity are not provided by CSX . Says "CSX board does not intend to make a recommendation to shareholders on matters being put forward for a vote".  Full Article

CSX Corp has agreed to appoint Hunter Harrison as its next chief executive- WSJ, citing sources
Monday, 6 Mar 2017 02:34pm EST 

: CSX Corp has agreed to appoint Hunter Harrison as its next chief executive- WSJ, citing sources Source: http://on.wsj.com/2lUywvw Further company coverage: [CSX.O] ((Bangalore.newsroom@thomsonreuters.com ;)).  Full Article

CSX to pay Harrison as much as $107 mln in potential deal - CNBC, citing sources
Monday, 6 Mar 2017 09:54am EST 

: Harrison pay package up for vote at CSX annual mtg - CNBC, citing sources . CSX to pay Harrison as much as $107 million in potential deal - CNBC, citing sources Further company coverage: [CSX.O] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

CSX appoints Fredrik Eliasson as president
Tuesday, 21 Feb 2017 07:15am EST 

CSX Corp : CSX appoints Fredrik Eliasson as president . CSX Corp - announced decisions of Michael Ward, chairman,CEO, and Clarence Gooden, president, to retire from company effective May 31, 2017 . Gooden will assume role of vice chairman until his retirement . CSX Corp - Fredrik Eliasson has been appointed as president of CSX effective February 15, 2017, replacing Gooden .CSX Corp - appointment of Eliasson as president not intended to affect any discussions CSX may continue to have with Hunter Harrison and Mantle Ridge.  Full Article

Photo

CSX chief executive bashes U.S. trade groups over rail complaints

CSX Corp Chief Executive Hunter Harrison hit back at dozens of trade groups that urged a federal probe of service disruptions at the No. 3 U.S. railroad, saying their complaints were "grossly exaggerated," according to a letter seen by Reuters on Thursday.