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JACKSONVILLE - CSX Corp. (NASDAQ:CSX) announced that Executive Vice President and Chief Financial Officer Kevin Boone and Executive Vice President and Chief Operating Officer Mike Cory will speak at the 2025 UBS Global Industrials and Transportation Conference. The $64 billion market cap rail transportation company is currently trading at around $34.39 per share, near its Fair Value according to InvestingPro analysis.
The executives will address attendees on Tuesday, December 2, at 8:50 a.m. Eastern Time in Palm Beach, according to a company press release. CSX will broadcast the presentation live via webcast on its investor relations website, with a replay available afterward. Investors may be particularly interested in management’s perspective on recent performance, as CSX has seen a 12.49% price return over the past six months despite revenue declining by 3.8% in the last twelve months.
CSX, headquartered in Jacksonville, Florida, provides rail, intermodal and rail-to-truck transload services across various markets including energy, industrial, construction, agricultural and consumer products. The transportation company operates a network connecting major metropolitan areas throughout the eastern United States, where approximately two-thirds of the nation’s population resides. InvestingPro data shows CSX has maintained dividend payments for 45 consecutive years and has raised its dividend for 21 straight years, with recent dividend growth of 8.33%.
The company’s infrastructure links more than 240 short-line railroads and over 70 ocean, river and lake ports with population centers and farming communities. CSX has been operating for nearly 200 years, playing a role in the country’s economic and industrial development. With a P/E ratio of 22.31 and management aggressively buying back shares, CSX remains profitable with a 46.29% gross profit margin. For deeper insights and comprehensive analysis, check out CSX’s Pro Research Report, available exclusively with an InvestingPro subscription.
In other recent news, CSX Corporation reported third-quarter results that exceeded expectations, with adjusted earnings per share reaching $0.44. This performance surpassed both Benchmark’s estimate and consensus forecasts, driven by higher-than-expected other revenue and strong operational performance. Additionally, CSX completed a $300 million public offering of 5.050% notes due in 2035, which will form a single series with previously issued notes. Meanwhile, the company announced executive leadership changes, appointing Kevin Boone as the new executive vice president and chief financial officer, following Sean Pelkey’s departure. Boone had previously held the CFO position during the COVID-19 pandemic. In other developments, former CEO Joe Hinrichs was reportedly ousted due to concerns over his handling of a potential merger approach from Union Pacific and ongoing compensation disputes. Furthermore, Benchmark has reiterated its Buy rating and maintained a $40 price target for CSX, reflecting confidence in the company’s recent performance. CSX also announced that Boone will address the 2025 Baird Global Industrial Conference, with a live webcast available for investors.
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