Revenue segments as reported by the company.

Merchandise

Intermodal

Coal

Revenue Segments

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

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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

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Materials and other

Eastern Ohio incident

Restructuring and other charges

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

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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

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Earnings data Q1 2022

Earnings data Q2 2022

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Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

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Earnings data Q1 2024

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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.

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Cost of revenue

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Book value per share

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Cash from investing

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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.

Recent reports from CSX and Norfolk Southern detail their efforts toward reaching a range of sustainability goals. Here's what they said: Norfolk Southern lists GHG emission reduction and recycling achievements NS (NYSE: NSC) is making progress toward its reduction targets for greenhouse gas emissions, according to its 2022 sustainability report, which describes the company's activities in 2021.

Norfolk Southern, CSX tout progress on sustainability

ATLANTA , Aug. 12, 2022 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) President and Chief Executive Officer Alan H. Shaw will make a presentation at the Deutsche Bank 2022 Transportation Conference.

Norfolk Southern to present at Deutsche Bank 2022 Transportation Conference

2022 ESG report highlights progress delivering low-carbon economy ATLANTA , Aug. 10, 2022 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) today released its 15th annual Environmental, Social, and Governance report. The 2022 report highlights the company's progress reducing its environmental impact, creating a culture of inclusion, investing in its people, strengthening governance practices, and helping customers achieve their sustainability goals.

Customers at the center of Norfolk Southern sustainability program

Despite headcount gains over the first six months of 2022 for train and engine employees working for the U.S. operations of the Class I railroads, the six-month average accounting for all categories of employees has barely moved from the first six months of 2021, according to data submitted by the Class I railroads to the Surface Transportation Board. The year-over-year changes come as rail stakeholders are wondering if and when the Class I railroads' efforts to ramp up hiring to match network capacity needs will pay off.

Overall US Class I rail headcount flat despite efforts to boost hiring

Norfolk Southern launches annual program supporting college students ATLANTA , July 28, 2022 /PRNewswire/ -- One hundred children of Norfolk Southern Corporation (NYSE: NSC) employees will receive college scholarships of up to $10,000 over four years through the company's new Thoroughbred Scholars program. In addition, three students will receive special awards of up to $40,000 over four years.

Children of railroaders benefit from new $1.2 million scholarship fund

Tweaking existing operations and layering on the new operating plan for intermodal and bulk movements have been key activities for Norfolk Southern in the second quarter as the railroad seeks to improve service to customers, according to executives on NS' earnings call on Wednesday to discuss second-quarter 2022 financial results. One of those tweaks is to reconvert the flat switching yards at the Macon Terminal in Georgia and the Bellevue Terminal in Ohio back to hump yards.

Norfolk Southern modifies operations to improve rail service

Shares of Norfolk Southern Corp. sank Wednesday, after the railroad operator reported second-quarter revenue that rose above expectations but volume that declined and profit that missed, as fuel and materials expenses surged.

Norfolk Southern boosts conductor trainees more than 700% to fight off labor shortages

Norfolk Southern (NSC) second-quarter 2022 earnings and revenues increase year over year.

Norfolk Southern (NSC) Q2 Earnings & Revenues Top, Rise Y/Y

Norfolk Southern Corporation (NYSE:NSC ) Q2 2022 Earnings Conference Call July 27, 2022 8:45 AM ET Company Participants Luke Nichols – Senior Director of Investor Relations Alan Shaw – President and Chief Executive Officer Cindy Sanborn – Chief Operating Officer Ed Elkins – Chief Marketing Officer Mark George – Chief Financial Officer Conference Call Participants Jordan Alliger – Goldman Sachs Brian Ossenbeck – JPMorgan Chris Wetherbee – Citi Jason Seidl – Cowen Scott Group – Wolfe Research Ben Nolan – Stifel Justin Long – Stephens Jon Chappell – Evercore ISI Ken Hoexter – Bank of America Tom Wadewitz – UBS Amit Mehrotra – Deutsche Bank Ari Rosa – Credit Suisse Brandon Oglenski – Barclays Ravi Shanker – Morgan Stanley Bascome Majors – Susquehanna Jeff Kauffman – Vertical Research Partners David Vernon – Bernstein Operator Greetings, and welcome to the Norfolk Southern Corporation's Second Quarter 2022 Earnings Call. At this time, all participants are in listen-only mode.

Norfolk Southern Corporation's (NSC) CEO Alan Shaw on Q2 2022 Results - Earnings Call Transcript

Norfolk Southern Corp. NSC, -0.93% reported Wednesday second-quarter profit that came up shy of expectations while revenue beat, as rising costs led to lower margins. The railroad operator's stock was still inactive in premarket trading.

Norfolk Southern revenue beats expectations but profit comes up shy amid rising costs

ATLANTA , July 27, 2022 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) today announced second quarter 2022 financial results which included quarterly records for railway operating revenues, income from railway operations, and diluted earnings per share. Second quarter railway operating revenue was $3.3 billion, income from railway operations was $1.3 billion, net income was $819 million, and diluted earnings per share was $3.45.

Norfolk Southern reports second quarter 2022 results

Norfolk Southern Corp. NSC, +0.71% said Thursday it is increasing pay for its conductor trainees to $25 an hour with a minimum fo $200 in earnings per shift. The railroad operator said it's also offering an on-the-job training incentive of $300 per bi-weekly pay period, for trainees who make themselves available for work.

Norfolk Southern to increase conductor trainee pay to $25 an hour and add biweekly $300 incentive

Trainees eligible for starting bonuses of up to $5,000 in priority locations ATLANTA , July 21, 2022 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) today announced that it has increased Conductor Trainee pay to $25 per hour, with a minimum of $200 in earnings per shift. Additionally, Conductor Trainees are eligible for an on the job training incentive of $300 per bi-weekly pay period, provided they make themselves available to work.

Norfolk Southern increases conductor trainee pay to $25 an hour; adds biweekly $300 incentive

High fuel costs are likely to have hit Norfolk Southern's (NSC) bottom-line performance in Q2.

Will Volume Woes Mar Norfolk Southern's (NSC) Q2 Earnings?

Revenues expected to be aligned with the consensus estimates Trefis estimates Norfolk Southern's Q2 2022 revenues to be around $3.1 billion, reflecting an 11% y-o-y growth and aligning with the consensus estimate.

Will Norfolk Southern Stock Move Higher Following Q2 Results?

Canadian National Railway Company

Canadian Pacific Kansas City Limited

Union Pacific

Investing in the current environment is challenging, and there is really no other way of putting it. There are substantial macroeconomic headwinds that threaten to hit growth and curb investment plans, which will have knock-on effects on other industries.

Railroads Are a Solid Defensive Investment

Norfolk Southern is selling off as a result of lower economic growth expectations and ongoing headwinds related to labor and operating efficiencies. Yet, I'm using this opportunity to buy more shares as I am a huge fan of its characteristics as a dividend growth stock and its supply chain dominance.

What To Make Of Norfolk Southern's Dividends

CSX Corporation (NASDAQ: CSX) and Norfolk Southern Corp. (NYSE: NSC) traded higher on Friday after Stifel upgraded the two companies from a Hold rating to a Buy rating. In the recent industry report, Benjamin Nolan analyzed the current state of American railways and offered insight on recessionary.

Why Stifel Analysts Upgraded These Rail Stocks To A Buy: 'It Shouldn't Be As Bad As 2006-2009'

Kirby

Southwest Airlines

Higher revenues are likely to have aided CSX's Q2 performance.

Factors to Decide the Fate of CSX This Earnings Season

Norfolk Southern (NSC) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Why Norfolk Southern (NSC) Could Beat Earnings Estimates Again

Shares of Union Pacific Corp. sank 1.6% and Norfolk Southern Corp. dropped 0.8% in midday trading Tuesday, after JPMorgan analyst Brian Ossenbeck downgraded both railroad operators to neutral from overweight, citing lower earnings expectations due to persistently weak operations and lower economic forecasts. Ossenbeck said that although the stocks' risk-versus-reward profiles appears balanced given that prices have already dropped from peak valuations levels in late March, the selloffs have not yet priced in the full impact of a potential freight recession, and the consensus analyst earnings estimates actually went.

Union Pacific, Norfolk Southern stocks drop after JPMorgan downgrades, citing recession risks

ATLANTA , July 5, 2022 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) will announce its second-quarter financial results during a live conference call and internet webcast at 8:45 a.m. ET on Wednesday, July 27, 2022.

Norfolk Southern to Announce Q2 2022 Earnings on July 27

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Norfolk Southern (NSC) have what it takes?

Why Norfolk Southern (NSC) is a Great Dividend Stock Right Now

Efforts to reward its shareholders through dividends and buybacks bode well for Norfolk Southern (NSC).

Why Investors Should Buy Norfolk Southern (NSC) Stock Now

NS introduces new operating plan for intermodal shipments Norfolk Southern has officially launched its new operating plan aimed at boosting intermodal service. It's called TOP|SPG, standing for “Thoroughbred Operating Plans” and “service, productivity and growth,” NS (NYSE: NSC) said Monday.

News for Norfolk Southern Stock (NSC)