JACKSONVILLE, Fla., Dec. 2, 2015 /PRNewswire/ -- CSX (NYSE: CSX) Chief Financial Officer Frank Lonegro today spoke with investors at the Credit Suisse Global Industrials Conference in Palm Beach, Florida, updating the company's full-year guidance based on the transition in the energy markets.
"While we continue to expect to move around 30 million tons of export coal for the full year, domestic coal movements have declined more significantly in the fourth quarter than expected," Lonegro told investors. "As a result, we now expect full-year EPS growth to be about three percent, which still includes an anticipated fourth quarter property sale worth about five cents per share."
CSX continues to expect meaningful margin expansion in 2015 and a mid-60s operating ratio longer term. That performance is delivered in a dynamic environment in which low commodity prices and the strength of the U.S. dollar have impacted many of the markets served by CSX, especially coal. In this environment, the company continues to focus on driving operations that are ever safer and more efficient, to provide a strong service product for customers that supports pricing to the value of rail service.
About CSX and its Disclosures
This announcement, as well as additional financial information, is available on the company's website at http://investors.csx.com. CSX also uses social media channels to communicate information about the company. Although social media channels are not intended to be the primary method of disclosure for material information, it is possible that certain information CSX posts on social media could be deemed to be material.
Therefore, we encourage investors, the media, and others interested in the company to review the information we post on Twitter (http://twitter.com/CSX) and on Slideshare (http://www.slideshare.net/HowTomorrowMoves). The social media channels used by CSX may be updated from time to time.
CSX, based in Jacksonville, Florida, is a premier transportation company. It provides rail, intermodal and rail-to-truck transload services and solutions to customers across a broad array of markets, including energy, industrial, construction, agricultural, and consumer products. For nearly 190 years, CSX has played a critical role in the nation's economic expansion and industrial development. Its network connects every major metropolitan area in the eastern United States, where nearly two-thirds of the nation's population resides. It also links more than 240 short-line railroads and more than 70 ocean, river and lake ports with major population centers and farming towns alike.