Non-GAAP to 2018. Q1 2017. (adjusted non-GAAP). NET EARNINGS. (million). Q1 2017. Q1 2018. $470. $362. $695 ement. +48%.
2
18
rovement
(million)
$879
$1,044
Q1 2017
Q1 2018
$769
Q1 2017
18
rovement
$2,869
$2,876
$2,100
Q1 2017
Q1 2018
Q1 2017
(million)
(diluted)
$695
Q1 2017
Q1 2018
Q1 2017
Q1 2018
Q1 2017
Q1 2017
+ 48%
Non-GAAP to 2018
$0.78
Q1 2017
Q1 2018
Non-GAAP to 2018
REVENUE REVENUE REVENUE (million) $2,876 $2,876 $2,876
$2,100 $2,100 $2,100
Q1 2017 2017 Q1 Q1 2017
Q1 2018 2018 Q1 Q1 2018
Q1 2017 2017 Q1 Q1 2017
COAL
Q1 2017
EARNINGS PERINCOME SHARE OPERATING EARNINGS PER SHARE EARNINGS PER SHARE (diluted) (million)
73.2% 73.2% 73.2%
$0.78 $1,044 $0.78 $0.78
NET EARNINGS
Q1 2018
Q1 2017
Q1 2017 (adjusted non-GAAP)
8%
Improvement (570 bps)
Non-GAAP to 2018
OPERATING $449 MILLIONINCOME
OPERATING INCOME OPERATING (million)INCOME (million) (million)
$1,832 $1,832 $1,832
Q1 2017
Q1 2018 2018 Q1 Q1 2018
69.4% 69.4% 69.4%
$470
$362
Non-GAAP to 2018
OTHER
$769 $769 $769 $145
$879 $879 $879
$1,044 $1,044 $1,044
MILLION
Q1 2018 Q1 2018 Q1 2018 Q1 2018 VOLUME:
Q1 2017 2017 Q1 Q1 2017
8% 8% 8% Improvement
Improvement Improvement
OPERATING RATIO OPERATING RATIO OPERATING RATIO
(diluted) (diluted)
Non-GAAP to 2018
63.7%
INTERMODAL
Non-GAAP to 2018 Non-GAAP to 2018 Non-GAAP to 2018
Consistent 2017 to 2018 Consistent to 2018 Consistent 20172017 to 2018
Q1 2017
non-GAAP) $503 (adjusted MILLION
+ 53%
$1,990 $1,990 $1,990
2017 Q1 Q1 2017 (adjusted non-GAAP) (adjusted non-GAAP) (adjusted non-GAAP)
69.4%
$1,779 MILLION
(million) (million)
$2,869 $2,869 $2,869
Improvement
MERCHANDISE
EXPENSES EXPENSES EXPENSES (million)
(million) (million)
Q1 2017 (adjusted non-GAAP)
(million)
(adjusted non-GAAP)
(adjusted non-GAAP)
$879
$769
TOTAL $2,876 MILLION OPERATING RATIO
$0.51
$0.39
$0.51 $879 $0.51 $0.51
$1,832
73.2%
$470
$769 $0.39 $0.39 $0.39
(million)
$1,990
Non-GAAP to 2018
EARNINGS PER SHARE
Q1 2017
OPERATING INCOM
8% Q1 2018 REVENUE:
Consistent 2017 to 2018
NET EARNINGS
$362
Q1 2017
Q1 2017 Q1 2017 (adjusted non-GAAP) (adjusted non-GAAP) (adjusted non-GAAP)
+ 19% + 19% + 19%
1.5 MILLION UNITS Non-GAAP to 2018 Non-GAAP to 2018 Non-GAAP to 2018
NET EARNINGS
NET EARNINGS NET EARNINGS INTERMODAL (million)
689,000
63.7% 63.7% 63.7%
(million) (million)
$695 $695 $695
$470 $470 $470
$362 $362 $362
MERCHANDISE Q1 Q12017 2017 Q1 Q1 2017 2017
Q1 Q12017 2017 Q1 Q1 2017 2017 (adjusted non-GAAP) (adjusted non-GAAP)
Q1 Q12018 2018 Q1 Q1 2018 2018
Q1 2017 Q1 Q1 2017 2017
(adjusted non-GAAP) (adjusted non-GAAP)
ovement
%
(million)
(adjusted non-GAAP)
Non-GAAP to 2018
bps)
18
EXPENSES
(million)
+ 19% Q1 2018 FINANCIAL HIGHLIGHTS
rovement
2
REVENUE
(adjusted non-GAAP)
%
18
Q1 2018 EARNINGS BRIEF
OPERATING INCOME
Non-GAAPtoto2018 2018 Non-GAAP Non-GAAP to 2018 Non-GAAP to 2018
Q1 2017 Q1 Q1 2017 2017 (adjusted non-GAAP)
(adjusted non-GAAP) (adjusted non-GAAP)
++53% 19% + 53% + 53%
Non-GAAP to 2018 Non-GAAP to 2018 Non-GAAP to 2018
642,OOOQ1 2017 Q1 2017 Q1 Q1 2017 Q1 2017 2017 (adjusted Q1 2017 non-GAAP)
Q1 2018 Q1 Q1 2018 2018
Q1 2018 Q1 2018 Q1 2018
(adjusted non-GAAP) (adjusted non-GAAP)
8% 8% 8% Improvement
Improvement Improvement (570 bps) (570(570 bps)bps)
COALNon-GAAP to 2018
Non-GAAP to 2018 Non-GAAP to 2018
+ 48% + 48% + 48%
201,000
NET EARNINGS
PERFORMANCE IMPROVEMENTS (million)
DWELL
DWELL $470
$362
$695
VELOCITY VELOCITY
DWELL 12.1 hrs
Q1 2017
Q1 2017
VELOCITY 17.3 mph
Q1 2018
(adjusted non-GAAP)
11.5 hrs Non-GAAP to 2018
bps)
10.9 hrs
Q1 2017
Q2 2017
Q3 2017
16.2 mph
+ 48%
10.6 hrs
10.4 hrs
14.2 mph
Q4 2017
Q1 2018
Q1 2017
16.2 mph
Note: Dwell and velocity displayed according to CSX methodology; explanation of CSX methodology can be found at csx.com/servicemetrics. 2017 dwell and velocity exclude the Hurricane Irma-impacted period for terminals that held cars and specific trains through the storm, respectively.
14.0 mph
Q2 2017
Q3 2017
Q4 2017
Q1 2018
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