"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," says Mr Michael J Ward, chairman, president and CEO. "Our performance in 2011 has set a strong foundation for growth, and CSX remains committed to achieving a 65% operating ratio by no later than 2015."
Record year for CSX
CSX reported record performance in revenue, operating income, operating ratio, and earnings per share during 2011 in its annual results announced today. Revenue was up by 10% to $US 11.7bn, operating income by 11% to $US 3.4bn, operating ratio improved to 71.5%, and earnings per share was up by 24% to $US 1.67.
CSX's overall success was mirrored in its fourth quarter figures where revenues of $US 3bn, an operating income of $US 841m, and operating ratio of 71.5% drove earnings per share to a record high of $US 0.43 per share from $US 0.38 per share during the same period last year.