CSX Corporation announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2017. For the quarter, the company reported revenue of $2,863 million against $3,037 million a year ago. Operating income was $1,121 million against $1,004 million a year ago. Earnings before income taxes were $983 million against $751 million a year ago. Net earnings were $4,140 million or $4.62 per share, assuming dilution against $458 million or $0.49 per share, assuming dilution a year ago. Adjusted operating results (non-GAAP) were $1,008 million and adjusted net earnings (non-GAAP) were $573 million or $0.64 per share, assuming dilution. Revenue for the fourth quarter decreased $174 million, or 6%, when compared to the previous year, primarily due to the $178 million impact of an extra fiscal week in 2016 that resulted from the company's 52/53 fiscal reporting calendar in 2016. Adjusted revenue on a 13-week basis was roughly flat year-over-year, with volume down 2%.

For the year, the company reported revenue of $11,408 million against $11,069 million a year ago. Operating income was $3,667 million against $3,389 million a year ago. Earnings before income taxes were $3,142 million against $2,741 million a year ago. Net earnings were $5,471 million or $5.99 per share, assuming dilution against $1,714 million or $1.81 per share, assuming dilution a year ago. Net cash provided by operating activities was $3,472 million against $3,041 million a year ago. Property additions were $2,040 million against $2,398 million a year ago. Adjusted operating results (non-GAAP) were $3,850 million and adjusted net earnings (non-GAAP) were $2,097 million or $2.30 per share, assuming dilution.

The company provided earnings guidance for the full year of 2018. They expect revenue in 2018 to be up slightly, with merchandising intermodal services offerings much better than last year. They expect CapEx to be $1.6 billion, down significantly from 2017.