Summary
CSX Corporation has announced its financial and operating results for the fourth quarter and full year ended December 31, 2018. The company also disclosed that it has completed its previously authorized $5 billion share repurchase program and has initiated a new $5 billion share repurchase program, effective January 15, 2019. Investors should note that the details of the financial results themselves are provided in attached exhibits (99.1 and 99.2) and are furnished, not filed, for purposes of Section 18 of the Securities Exchange Act of 1934.
Key Highlights
- 1CSX Corporation reported its Q4 and full-year 2018 financial and operating results.
- 2The company has successfully completed its prior $5 billion share repurchase program.
- 3A new $5 billion share repurchase program has been authorized by the Board of Directors.
- 4The new share repurchase program commences immediately and is effective January 15, 2019.
- 5Repurchases under the new program can be executed through various methods including open market purchases and accelerated share repurchases.
- 6The timing and execution of the new share repurchase program are subject to market conditions and Board discretion.