Edition:
United States

CSX Corp (CSX.O)

CSX.O on Nasdaq

53.96USD
26 May 2017
Change (% chg)

$0.37 (+0.69%)
Prev Close
$53.59
Open
$53.63
Day's High
$54.23
Day's Low
$53.47
Volume
10,793,499
Avg. Vol
10,866,621
52-wk High
$54.23
52-wk Low
$24.43

Latest Key Developments (Source: Significant Developments)

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

CSX, railroad veteran Harrison discussing 3 year CEO contract deal delayed over activist's request for board seats - CNBC, citing DJ
Friday, 10 Feb 2017 10:15am EST 

Csx Corp : CSX, railroad veteran Harrison discussing 3 year CEO contract; deal delayed over activist's request for board seats - CNBC, citing DJ Further company coverage: [CSX.O] ((Bangalore.newsroom@thomsonreuters.com ;)).  Full Article

CSX in settlement talks with Hunter Harrison & activist investor- CNBC,citing DJ
Sunday, 29 Jan 2017 07:37pm EST 

: CSX in settlement talks with Hunter Harrison & activist investor that could make him ceo only 2 weeks after coming after the co- CNBC,citing DJ ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Paul Hilal in talks to team up with outgoing Canadian Pacific CEO Harrison for activist stake in CSX Corp- source
Wednesday, 18 Jan 2017 07:27pm EST 

: Paul Hilal in final stages of working out agreement with outgoing Canadian Pacific CEO Harrison to team up for activist stake in CSX Corp- source Further company coverage: [CP.TO] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

More From Around the Web

Proxy adviser ISS recommends CSX shareholders vote for $84 million CEO reimbursement

NEW YORK Proxy adviser Institutional Shareholder Services (ISS) has recommended that owners of CSX Corp stock vote in favor of an $84 million payment related to the appointment of new Chief Executive Officer Hunter Harrison.