CSX Corporation (NASDAQ:CSX) Q4 2023 Earnings Conference Call January 24, 2024 4:30 PM ET

Company Participants

Matt Korn - Head, IR

Joe Hinrichs - President and CEO

Mike Cory - COO

Kevin Boone - Chief Commercial Officer

Sean Pelkey - CFO

Conference Call Participants

John Chappell - Evercore ISI

Bascome Majors - Susquehanna

Brian Ossenbeck - JPMorgan

Justin Long - Stephens Inc.

Scott Group - Wolfe Research

Tom Wadewitz - UBS

Brandon Oglenski - Barclays

Ken Hoexter - Bank of America Merrill Lynch

Chris Wetherbee - Citi

Amit Mehrotra - Deutsche Bank

Allison Poliniak - Wells Fargo

David Vernon - Bernstein

Ravi Shanker - Morgan Stanley

Walter Spracklin - RBC Capital Markets

Operator

Good afternoon. My name is Krista, and I'll be your conference operator today. At this time, I would like to welcome everyone to the CSX Corporation Fourth Quarter Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers’ remarks, there will be a question-and-answer session. [Operator Instructions] Thank you.

I will now turn the conference over to your host, Matt Korn, Head of Investor Relations. Matt, you may begin.

Matt Korn

Thank you, Krista. Hello, everyone. Good afternoon and welcome to our fourth quarter earnings call. Joining me this afternoon are Joe Hinrichs, President and Chief Executive Officer; Mike Cory, Executive Vice President and Chief Operating Officer; Kevin Boone, Executive Vice President and Chief Commercial Officer and Sean Pelkey, Executive Vice President and Chief Financial Officer.

Now in the presentation accompanying this call, you will find our forward-looking disclosure on Slide 2, followed by our non-GAAP disclosures on Slide 3.

And with that, it is now my pleasure to introduce Mr. Joe Hinrichs.

Joe Hinrichs

Alright, thank you, Matthew, and hello everyone. Thank you for joining our conference call today. As you will hear from our leadership team today, we are very happy with the momentum we carried in the start of the New Year. Of course, Mother Nature gave us a few challenges over the last couple of weeks, but we are proud of the work our ONE CSX team has done to set us up for success this year.

Our railroad is performing well and Mike Cory and the operations team are already bringing new ideas that are helping us run even better, safer and more efficiently. Our customers are happy with the consistent service that our dedicated employees are delivering and Kevin Boone will discuss how this is translating into profitable business opportunities. Sean Pelkey will go over our financial position, which remains very strong as we continue to deliver healthy volumes, favorable pricing, strong operating margins, and high levels of free cash flow.