CSX Corporation (CSX) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

remained positive in the fourth quarter and we delivered modest total volume growth. However, reported operating income, operating margin and earnings per share were all lower year over year. As noted in our press release, these results included approximately $50 million in expenses related to important actions we've taken to adjust our cost structure, deliver better financial results and position the railroad to succeed. We are committed to delivering stronger performance into 2026 as we build on our key accomplishments. We've renewed the leadership team, putting the best people into the best positions to drive value. And we're aligned in driving greater physical responsibility and discipline execution across the company. We've stabilized service on our network at high levels. delivering consistency and reliability for our customers while realizing clear productivity gains. We've capitalized on the strength of our service to win business, and we will be ready and able to respond when demand increases. As we move forward, you will continue to see us take thoughtful actions to drive greater profitability and cash flow and build momentum into the year ahead. And now I'll turn it over to Mike. Thank you, Steve. So, let's take a quick look at our safety and operational metrics on slide five. Our operations team is improving safety performance through focused execution of our safety plan. The left portion of this slide highlights meaningful full-year declines in both FRA injury and accident rates, with the fourth quarter posting the year's best metrics. We know that an outstanding safety record is a clear indicator of effective management at every level. and we're taking solid steps towards our goal of reaching best-in-class performance for the industry. The right portion...