Revenue segments as reported by the company.

Merchandise

Intermodal

Coal

Revenue Segments

Gross Profit, Operating Income, and Net Income as a percentage of Revenue

Operating Margin

Profit Margin

Margins

An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

Compensation and benefits

Purchased services and rent

Fuel

Depreciation

Materials and other

Eastern Ohio incident

Restructuring and other charges

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

Revenue Y/Y

OpEx Y/Y

Growth

Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

Norfolk Southern

Norfolk Southern Corp. is a transportation company, which owns a freight railroad. It engages in the rail transportation of raw materials, intermediate products, and finished goods primarily in the Southeast, East, and Midwest and, via interchange with rail carriers to and from the rest of the United States. The company transports overseas freight through several Atlantic and Gulf Coast ports. It offers an extensive intermodal network in the eastern half of the United States and is a transporter of coal, automotive, and industrial products. The company's services include property leases and sales, wire line or pipeline and fiber optics projects, access property, managing private crossings, promoting businesses with signboards, and natural resource management. Norfolk Southern was founded on July 23, 1980, and is headquartered in Atlanta, GA.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Norfolk Southern posts robust Q4 results amidst operational enhancements

Norfolk Southern (NSC) delivered strong financial results in Q4 2022, focusing on operational efficiency, service enhancements, and strategic growth initiatives.
Despite challenges such as macroeconomic uncertainties and service-related costs, NSC remains optimistic, aiming to capitalize on opportunities in market share expansion and network resiliency.
The company's performance, strengths, and proactive approach to challenges position it well for continued growth and competitiveness in the rail industry.

Norfolk Southern prioritizes safety and resilience amidst operational challenges

Norfolk Southern is prioritizing safety enhancements, cost-effective measures, and workforce optimization to improve service quality. The company's strategy focuses on resilient service, supporting highway to rail conversions, and investing in employee training. Despite challenges, Norfolk Southern remains committed to competitive margins, revenue growth, EPS, and ROIC.

Norfolk Southern reports Q2 revenue decline, focuses on recovery

Norfolk Southern (NSC) faced revenue declines and operational challenges in Q2 2023, impacted by the Eastern Ohio derailment and market headwinds.
Despite challenges, the company remains committed to safety, recovery, and long-term value creation, focusing on efficiency and service excellence.
Opportunities for OR improvement, cost management, and service enhancements provide a path for Norfolk Southern (NSC) to navigate challenges and drive future growth.

Norfolk Southern (NSC) reports Q3 improvements amidst cost pressures

Norfolk Southern (NSC) navigated challenges in Q3 with a focus on resilience and operational excellence. Despite cost pressures, the company saw improvements in service, volume, and safety performance. With a strategic focus on industry competitive margins and growth opportunities, Norfolk Southern is investing in service enhancements and productivity to drive future success.

Norfolk Southern (NSC) reports safety improvements and growth strategies

Norfolk Southern (NSC) navigated challenges in 2023 with a focus on safety, service improvements, and sustainable growth strategies. Despite cost impacts and margin challenges, the company remains optimistic about modest volume growth and revenue enhancement opportunities in 2024.

Norfolk Southern prioritizes productivity and efficiency for industry competitiveness

Norfolk Southern (NSC) focused on productivity and efficiency to achieve industry competitive margins in Q1 2024.
Operational changes led by new COO John Orr emphasized safety, productivity, and network optimization efforts.
Challenges in revenue declines and market outlook were addressed, with opportunities for growth through operational enhancements.
Confidence in achieving operational targets and reducing headcount through productivity initiatives was expressed.
Balanced strategy focusing on service, productivity, and growth to drive transformational journey.
Customer service improvements and changes underway were well-received, with a focus on velocity and reliability.

Norfolk Southern reports solid Q2 earnings amidst coal market challenges

Norfolk Southern's Q2 2024 performance showcased financial strength, operational improvements, and a focus on safety and productivity. While facing challenges in the coal market, the company remains committed to its strategy and delivering results. Opportunities for growth through partnerships and operational enhancements position Norfolk Southern for long-term success.

Norfolk Southern reports robust Q3 earnings amidst market challenges

Norfolk Southern (NSC) delivered strong financial results with revenue and earnings growth, driven by volume increases and cost management initiatives.
The company's emphasis on safety, productivity, and cost reductions underscores its commitment to operational excellence and sustainable growth.
While facing challenges from market uncertainties and external impacts, Norfolk Southern remains focused on enhancing operational efficiency and seizing growth opportunities.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Norfolk Southern Corp. is a transportation company, which engages in the rail transportation of raw materials, intermediate products, and finished goods. The company also transports overseas freight through several Atlantic and Gulf Coast ports. Its services include property leases and sales, wire line or pipeline and fiber optics projects, access property, managing private crossings, promoting businesses with signboards, and natural resource management. The company was founded on July 23, 1980 and is headquartered in Atlanta, GA.

Union Pacific

One of two of the country's largest railroad unions said Monday their members voted to reject a new wage deal brokered by the White House, moving closer to a labor strike that could disrupt some supply chains as soon as early December.

Key railroad union rejects contract as strike looms

The Transportation Division of the International Association of Sheet Metal, Air, Rail, and Transportation Workers votes to reject the proposed contract.

One Railroad Union Rejects Labor Contract. A Possible Strike Creeps Closer.

Members of the conductors union narrowly voted to reject a new wage deal brokered by the White House, while the engineers union narrowly ratified the deal.

Railroad Unions Split Over Labor Contract

The tentative agreement, brokered in September with help from the Biden administration, had averted a strike before the midterm elections.

Key Union Votes Down Freight Rail Contract, Making Strike More Likely

SMART-TD, one of the largest rail unions, voted down a labor deal and a national strike could begin in December, a serious blow to the economy.

Large rail union SMART-TD votes to reject labor deal as national strike moves closer

Canadian Pacific Kansas City Limited

GATX

The trade group representing the nation's freight railroads is confident that a strike by more than 100,000 union members can be avoided, even after rank-and-file members rejected the tentative labor deals reached earlier this fall.

Freight railroad unions say strike can still be avoided

Key rail union votes and decisions are coming as UPS, retailers, and the U.S. economy prepare for a potential strike that could shut down the freight network.

With U.S. economy at risk, here's how a national rail strike could start in December

Sanborn to step down; Duncan becomes EVP & COO on January 1, 2023 ATLANTA , Nov. 14, 2022 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) today announced that Executive Vice President & Chief Operating Officer Cindy Sanborn will step down at the end of 2022 after a groundbreaking 35-year career in the railroad industry. Paul Duncan, currently Senior Vice President Transportation & Network Operations, will succeed Sanborn effective January 1, 2023.

Norfolk Southern Announces Chief Operating Officer Transition

Delta Air Lines

First Trust Nasdaq Transportation ETF

iShares Transportation Average ETF

J.B. Hunt Transport Services

United Continental Hlds

SPDR S&P Transportation ETF

Transport sector is the second-biggest contributor to Q3 earnings and the third-largest contributor to revenue growth so far.

Slew of Solid Q3 Earnings Pushes Transport ETFs Higher

Retail isn't the only sector that can benefit from a robust holiday shopping season.

3 Beaten-Down Railroad Stocks to Watch as the Holiday Season Approaches

Despite staffing challenges and union negotiations in a slowing economy, Norfolk Southern remains optimistic.

This Railroad Stock Just Saw Profits Jump 27%

Although economic indicators hint at a softening market in the coming months, Norfolk Southern expects continuing improved service to support the railroad through the down cycle. “Our customers are telling us that there's additional volumes out there that they want to put on the railroad,” said NS Chief Marketing Officer Ed Elkins during Norfolk Southern's earnings call Wednesday to discuss third-quarter 2022 financial results.

Norfolk Southern expects improved service to support railroad during down cycle

A second rail union, Brotherhood of Railroad Signalmen, voted overwhelmingly to reject a deal with railroad companies needed to avert a nationwide strike.

Second railroad union votes down deal needed to avert nationwide strike

High costs limit bottom-line growth at Norfolk Southern (NSC) in Q322.

Norfolk Southern (NSC) Q3 Earnings & Revenues Top, Rise Y/Y

Norfolk Southern is dealing with declining economic growth, high inflation, and post-pandemic operating issues. Despite these challenges, the third quarter was a success. Hiring is ahead of plan, pricing is strong, and the operating performance was better than expected.

A Long-Term Investor's View On Norfolk Southern

Union Pacific and Norfolk Southern are two very high-quality railroad companies. Their shares, which are currently almost 30% below their 52-week highs, warrant an in-depth comparative analysis. In this article, I will compare the two companies in terms of profitability, growth, shareholder returns, and balance sheet quality.

Union Pacific Vs. Norfolk Southern: Which One Is The Better Stock?

Norfolk Southern Corp (NYSE:NSC ) Q3 2022 Earnings Conference Call October 26, 2022 8:45 AM ET Company Participants Luke Nichols - IR Alan Shaw - President, CEO & Director Cynthia Sanborn - EVP & COO Claude Elkins - EVP & CMO Mark George - EVP, Finance & CFO Conference Call Participants Justin Long - Stephens Christian Wetherbee - Citigroup Scott Group - Wolfe Research Ariel Rosa - Crédit Suisse Brandon Oglenski - Barclays Bank Thomas Wadewitz - UBS Jonathan Chappell - Evercore ISI Cherilyn Radbourne - TD Securities Jordan Alliger - Goldman Sachs Group Benjamin Nolan - Stifel, Nicolaus & Company Kenneth Hoexter - Bank of America Merrill Lynch Amit Mehrotra - Deutsche Bank Bascome Majors - Susquehanna Jeffrey Kauffman - Vertical Research Partners Walter Spracklin - RBC Capital Markets Jason Seidl - Cowen and Company Operator Greetings, and welcome to the Norfolk Southern Corporation Third Quarter 2022 Earnings Call. [Operator Instructions].

Norfolk Southern Corp (NSC) Q3 2022 Earnings Call Transcript

Norfolk Southern (NSC) delivered earnings and revenue surprises of 12.64% and 3.83%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Norfolk Southern (NSC) Surpasses Q3 Earnings and Revenue Estimates

Shares of Norfolk Southern Corp. NSC, +1.19% tacked on 0.3% in premarket trading Wednesday, after the railroad operator reported record third-quarter earnings that beat expectations, boosted by higher fuel surcharges and pricing and "robust" hiring initiatives. Net income rose to $958 million, or $4.10 a share, from $753 million, or $3.06 a share, in the year-ago period.

Norfolk Southern reports record earnings as revenue per unit jumps 20%, and stock gains

Posts quarterly financial records, improved service for customers ATLANTA , Oct. 26, 2022 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) today announced third quarter 2022 financial results which included records for railway operating revenues, income from railway operations, net income, and diluted earnings per share. Third quarter railway operating revenue was $3.3 billion, income from railway operations was $1.3 billion, net income was $958 million, and diluted earnings per share were $4.10.

Norfolk Southern reports third quarter 2022 financial results

Norfolk Southern (NYSE: NSC) is scheduled to report its Q3 2022 results on Wednesday, October 26.

Will Norfolk Southern Stock Move Higher Following Q3 Results?

Norfolk Southern (NSC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Norfolk Southern (NSC) Earnings Expected to Grow: Should You Buy?

Norfolk Southern's (NSC) third-quarter 2022 revenues are likely to have benefited solid segmental performances. High fuel costs and supply-chain challenges are likely to weigh on the bottom line.

What's in the Cards for Norfolk Southern's (NSC) Q3 Earnings?

Dividend-paying Transportation stocks like UPS, Union Pacific (UNP) and Norfolk Southern (NSC) should be on an investor's radar amid the prevalent uncertain scenario.

3 Blue-Chip Transportation Stocks on Investors' Watch List

A last-minute tentative labor agreement struck by the railroads and the two largest U.S. railroad unions dominated the headlines in the third quarter. But headcount updates, questions about rail service improvements, a surprise announcement that there is a new CEO at CSX and efforts to fully restore service in the wake of Hurricane Ian also are expected to be addressed as the Class I railroads release their Q3 2022 earnings later this month.

News for Norfolk Southern Stock (NSC)