CSX Corporation Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2018; Provides Revenue Guidance for the Year 2019
For the year, the company reported revenue of $12,250 million against $11,408 million a year ago. Operating income was $4,869 million against $3,720 million a year ago. Earnings before income taxes were $4,304 million against $3,142 million a year ago. Net earnings were $3,309 million against $5,471 million a year ago. Net earnings per share, assuming dilution were $3.84 against $5.99 a year ago.
As the company look forward, the company expects the run rate for other revenue to decline slightly in 2019, excluding any liquidated damages, which the company will disclose if and when they occur. In 2019, the company expects the combined impact of revenue growth, expense control and disciplined capital investments to deliver a high free cash flow conversion rate.