JACKSONVILLE, Fla. - January 23, 2012 - CSX Corporation (NYSE: CSX) today announced fourth quarter 2011 earnings of $0.43 per share, versus $0.38 per share in the same period last year. This represents a 13 percent year-over-year improvement in earnings per share and a fourth quarter record. The results were driven by revenues of nearly $3.0 billion, operating income of $841 million and an operating ratio of 71.5 percent.
“CSX once again delivered record earnings per share while investing in resources to support high customer service levels and growth in the near- and long-term,” said Michael J. Ward, chairman, president and chief executive officer. “Our performance in 2011 has set a strong foundation for growth, and CSX remains committed to achieving a 65 percent operating ratio by no later than 2015.”
For the full year, CSX generated record performance in revenue, operating income, operating ratio and earnings per share. Revenues increased 10 percent to $11.7 billion, operating income rose 11 percent to $3.4 billion, the operating ratio improved to 70.9 percent, and earnings per share improved 24 percent to $1.67.
This earnings announcement, as well as a package of detailed financial information, is contained in the CSX Quarterly Financial Report available on the company's website at http://investors.csx.com and on Form 8-K with the Securities and Exchange Commission.
The following information was filed by on Monday, January 23, 2012 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.
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Form Type: 10-K Annual Report Accession Number: 0000277948-12-000014 Submitted to the SEC: Tue Feb 21 2012 1:43:35 PM EST Accepted by the SEC: Tue Feb 21 2012 Period: Friday, December 30, 2011 Industry: Railroads Line Haul Operating