• Embed Doc
  • Copy Link
  • Readcast
  • Collections
  • CommentGo Back
Download
 
1
Third Quarter 2009
Earnings Conference Call
Third Quarter 2009
Earnings Conference Call
2
Forward-Looking Disclosure Forward-Looking Disclosure 
This information and other statements by the company contain forward-looking statements within the meaning of thePrivate Securities Litigation Reform Act with respect to, among other items: projections and estimates of earnings,revenues, cost-savings, expenses, or other financial items; statements of management’s plans, strategies andobjectives for future operation, and management’s expectations as to future performance and operations and the timeby which objectives will be achieved; statements concerning proposed new products and services; and statementsregarding future economic, industry or market conditions or performance. Forward-looking statements are typicallyidentified by words or phrases such as “believe,”“expect,”“anticipate,”“project,”“estimate,”“preliminary”and similarexpressions. Forward-looking statements speak only as of the date they are made, and the company undertakes noobligation to update or revise any forward-looking statement. If the company does update any forward-lookingstatement, no inference should be drawn that the company will make additional updates with respect to that statementor any other forward-looking statements.Forward-looking statements are subject to a number of risks and uncertainties, and actual performance or results coulddiffer materially from that anticipated by these forward-looking statements. Factors that may cause actual results todiffer materially from those contemplated by these forward-looking statements include, among others; (i) the company’ssuccess in implementing its financial and operational initiatives; (ii) changes in domestic or international economic orbusiness conditions, including those affecting the rail industry(such as the impact of industry competition, conditions,performance and consolidation); (iii) legislative or regulatory changes; (iv) the inherent business risks associated withsafety and security; and (v) the outcome of claims and litigation involving or affecting the company.Other important assumptions and factors that could cause actual results to differ materially from those in the forward-looking statements are specified in the company’s SEC reports, accessible on the SEC’s website at www.sec.gov andthe company’s website at www.csx.com.
 
Executive Summary Executive Summary 
Michael WardChairman, President andChief Executive Officer
4
Third quarter performance . . .Third quarter performance . . .
Third Quarter EPS fromContinuing Operations
$0.66$0.93$0.74
200720082009
Revenue declines 23%
—
Lower volume and FSC more than offset core price increases 
Operating ratio at 73.9%
—
Safety and service performance remains strong 
—
Productivity efforts continue to support improving margins 
Earnings above 2007 levels
—
Core earning power resilient in current economic environment 
20%Decline
 
20%Decline
 
Sales and Marketing Review Sales and Marketing Review 
Clarence GoodenExecutive Vice PresidentSales and Marketing
66
Revenue declines 23% to $2.3 billion Revenue declines 23% to $2.3 billion 
Revenue in Millions
$2,289$2,961$76($456)($292)
Q3 2008Rate/MixFuel PriceVolumeQ3 2009
RPU $1,562Volume 1,465K
Revenue $2,289M
Note: See Fuel Surcharge Reconciliation
of 00

Leave a Comment

You must be to leave a comment.
Submit
Characters: ...
You must be to leave a comment.
Submit
Characters: ...