CSX Corporation (CSX) Q4 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.076 remained positive in the fourth quarter and we delivered modest total volume 00:00:05.076 -- 00:00:10.102 growth. However, reported operating income, operating margin and earnings 00:00:10.102 -- 00:00:13.866 per share were all lower year over year. 00:00:13.866 -- 00:00:19.412 As noted in our press release, these results included approximately $50 million in expenses 00:00:19.412 -- 00:00:25.138 related to important actions we've taken to adjust our cost structure, 00:00:25.138 -- 00:00:31.182 deliver better financial results and position the railroad to succeed. 00:00:31.351 -- 00:00:36.259 We are committed to delivering stronger performance into 2026 as we build on our key 00:00:36.259 -- 00:00:38.259 accomplishments. 00:00:38.522 -- 00:00:43.470 We've renewed the leadership team, putting the best people into the best positions to 00:00:43.470 -- 00:00:48.659 drive value. And we're aligned in driving greater physical responsibility 00:00:48.659 -- 00:00:51.964 and discipline execution across the company. 00:00:51.964 -- 00:00:55.786 We've stabilized service on our network at high levels. 00:00:55.786 -- 00:01:00.913 delivering consistency and reliability for our customers while realizing clear productivity 00:01:00.913 -- 00:01:02.635 gains. 00:01:02.635 -- 00:01:07.041 We've capitalized on the strength of our service to win business, 00:01:07.041 -- 00:01:12.266 and we will be ready and able to respond when demand increases. 00:01:12.348 -- 00:01:17.175 As we move forward, you will continue to see us take thoughtful actions to drive greater 00:01:17.175 -- 00:01:22.782 profitability and cash flow and build momentum into the year ahead. 00:01:22.782 -- 00:01:24.794 And now I'll turn it over to Mike. 00:01:24.794 -- 00:01:30.039 ...