CSX’s Q1 2016 Earnings Review: Top Line Headwinds Negatively Impact Results
CSX’s earnings per share declined 18% year-over-year in Q1 primarily as a result of a decline in revenue driven by lower coal shipments and lower fuel surcharge revenue. Though the company’s cost reduction initiatives and lower volume related operating expenses partially offset the impact of top line headwinds on the operating ratio (operating expenses as a percent of revenue), the net impact was a 90 basis point deterioration in the operating ratio.
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Have more questions about CSX? See the links below.
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Notes:
1) The purpose of these analyses is to help readers focus on a few important things. We hope such lean communication sparks thinking, and encourages readers to comment and ask questions on the comment section, or email content@trefis.com
2) Figures mentioned are approximate values to help our readers remember the key concepts more intuitively. For precise figures, please refer to our complete analysis for CSX
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