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.

Norfolk Southern Corp (NYSE: NSC) reported first-quarter FY22 railway operating revenue growth of 10% year-over-year to $2.9 billion, beating the consensus of $2.84 billion. Revenue was driven by a 16% increase in revenue per unit.

Norfolk Southern Shares Pop After Q1 Results Beat Estimates

Despite softness in volumes, Norfolk Southern's (NSC) Q1 results benefit from higher revenues across all key segments.

Norfolk Southern's (NSC) Q1 Earnings Beat on Higher Revenues

Norfolk Southern Corporation (NYSE:NSC ) Q1 2022 Earnings Conference Call April 27, 2022 8:45 AM ET Company Participants Meghan Achimasi - Senior Director of Investor Relations Alan Shaw - President Cindy Sanborn - Chief Operating Officer Ed Elkins - Chief Marketing Officer Mark George - Chief Financial Officer Conference Call Participants Chris Wetherbee - Citi Brandon Oglenski - Barclays Jon Chappell - Evercore ISI Scott Group - Wolfe Research Jason Seidl - Cowen Brian Ossenbeck - JPMorgan Jordan Alliger - Goldman Sachs Ken Hoexter - Bank of America Ravi Shanker - Morgan Stanley Amit Mehrotra - Deutsche Bank Justin Long - Stephens Inc. Walter Spracklin - RBC Capital Markets Tom Wadewitz - UBS Cherilyn Radbourne - TD Securities Ben Nolan - Stifel David Vernon - Bernstein Bascome Majors - Susquehanna. Operator Greetings, and welcome to Norfolk Southern Corporation's First Quarter 2022 Earnings Call.

Norfolk Southern Corporation (NSC) Management on Q1 2022 Results - Earnings Call Transcript

Norfolk Southern (NSC) delivered earnings and revenue surprises of 0.69% and 3.39%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

Norfolk Southern (NSC) Tops Q1 Earnings and Revenue Estimates

Not only do we believe Norfolk Southern will navigate well through Q1, but we also find NSC stock to be undervalued at its current levels, as we discuss below.

Will Norfolk Southern Stock Move Higher Following Q1 Results?

Shares of Norfolk Southern Corp. NSC, -1.96% tacked on 0.2% in premarket trading Wednesday, after the railroad operator reported first-quarter profit and revenue that rose from a year ago and topped expectations amid strength in the intermodal and coal business segments, while expense growth outpaced revenue growth. Net income increased to $703 million, or $2.93 a share, from $673 million, or $2.66 a share, in the year-ago period.

Norfolk Southern stock gains after profit and revenue rose, beat expectations

ATLANTA , April 27, 2022 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) today reported first-quarter 2022 financial results which included first-quarter records for railway operating revenues, income from railway operations, net income, and diluted earnings per share. First-quarter railway operating revenue was $2.9 billion, income from railway operations was $1.1 billion, net income was $703 million, and diluted earnings per share was $2.93.

Norfolk Southern reports first-quarter 2022 results

DORCHESTER, S.C. , April 26, 2022 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) announced today that it will permanently protect 1,105 acres of ecologically significant land in South Carolina's coastal plain through a conservation easement.

Norfolk Southern to protect sensitive wetlands in South Carolina

Union Pacific

The Surface Transportation Board has issued a notice of proposed rulemaking that would modify existing emergency service rules so the board could “act on its own initiative” to respond to service emergencies. The proposed rule would also set up an accelerated process to tackle acute service emergencies.

Rail regulators want to speed emergency service responses

While supply chain disruptions are likely to have hurt Norfolk Southern's (NSC) volumes in Q1, strong freight market conditions are expected to have aided performance.

Will Volume Softness Mar Norfolk Southern's (NSC) Q1 Earnings?

Canadian National Railway Company

Canadian Pacific Kansas City Limited

GATX

Westinghouse Air Brake Technologies

As the Class I railroads gear up for earnings season this week and next, commentary about the first quarter of 2022 will likely include discussion about how the railroads' recent hiring initiatives will translate into improving service metrics in the second half of the year. However, a potential softening in freight transportation demand plus higher inflation rates are market factors that could weigh on the second half of 2022.

Q1 rail earnings preview: Service metrics, headcount, macro uncertainties

Career in railroading offers minimum $52,000 annual pay, best-in-class healthcare benefits, federal retirement program, and advancement opportunities ATLANTA , April 14, 2022 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) today announced the expansion of its conductor trainee incentive program to three new priority locations. Conductor trainees in Bellevue, Ohio; Elkhart, Indiana; and Fort Wayne, Indiana are now eligible to receive starting bonuses of $5,000.

Norfolk Southern offering conductor starting bonuses of $5,000 in three new locations

Quest Diagnostics

Emerson Electric

General Dynamics

Texas Instruments

Incredibly, 2022 is almost a third of the way over. For many investors, it has been a year to forget.

5 ‘Strong Buy' BofA Securities High Quality and Dividend Yield Stock Ideas for Worried Investors

ATLANTA ,  April 6, 2022 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) is partnering with Commtrex to enhance the access and visibility of rail-accessible transload facilities on the company's network. Customers shipping with Norfolk Southern will be able to search Commtrex's comprehensive database for rail-served facilities by location, commodities handled, and other parameters.

Norfolk Southern partners with Commtrex to enhance customer access to transload facilities

RICHMOND, Va. , April 6, 2022 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) today announced its donation of the complete collection of historical documents and archives from predecessor company Norfolk and Western Railway to the Virginia Museum of History & Culture (VMHC).

Norfolk Southern donates Norfolk and Western Railway archives, $750,000 to the Virginia Museum of History & Culture

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

Norfolk Southern to Announce Q1 2022 Earnings on April 27

ATLANTA , April 4, 2022 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) announced today it has appointed Floyd Hudson as Vice President Transportation. Hudson was previously General Manager of the company's Southern Region.

Norfolk Southern appoints Floyd Hudson Vice President Transportation

ATLANTA , March 31, 2022 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) today announced that it is the recipient of two prestigious awards for its achievements in sustainability: the Responsible Care Energy Efficiency Award for Locomotive Fuel Efficiency from the American Chemistry Council (ACC) and the 2022 Green Bond of the Year Award from Environmental Finance. The ACC recognizes member companies for initiatives to improve energy usage, and specifically cited Norfolk Southern's locomotive fuel efficiency program with an exceptional merit designation.

Norfolk Southern wins sustainability awards for carbon reduction initiatives

Norfolk Southern's (NSC) board has authorized a new $10-billion stock repurchase plan, starting Apr 1.

Norfolk Southern (NSC) Rewards Investors Via New Buyback Plan

Norfolk Southern Corp (NYSE:NSC) is in the spotlight this morning, after the railroad operator announced a $10 billion share repurchase program.

Railroad Stock Continues Rally After Buyback Announcement

FedEx

Southwest Airlines

Airlines and cruise line stocks have had an extremely volatile couple of years since the pandemic completely shut down global travel back in 2020. Travel industries still haven't recovered to their pre-pandemic levels.

6 Best Transportation Stocks To Buy Right Now: FedEx, UPS And More

ATLANTA , March 29, 2022 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) today announced that its Board of Directors has authorized a new program for the repurchase of up to $10 billion of its common stock beginning April 1, 2022. The company's current program will be terminated on March 31, 2022.

Norfolk Southern Announces New $10 Billion Stock Repurchase Program

U.S. grain shippers are asking federal regulators to press the Class I railroads to relieve “significant” service disruptions throughout the national rail network. In a letter to the Surface Transportation Board, the National Grain and Feed Association (NGFA) said at least one of the group's members had spent $3 million on secondary freight because the member didn't have the animal feed it would otherwise receive from a rail shipment.

Grain shippers want regulators to press railroads on service issues

Norfolk Southern plans to modernize 300 more locomotives with help from Wabtec as part of NS' broader initiative to reduce carbon emissions and improve fuel efficiency. Wabtec (NYSE: WAB) has already modernized 500 locomotives belonging to NS (NYSE: NSC), both companies announced last August.

Norfolk Southern, Wabtec to modernize 300 NS locomotives

Norfolk Southern has developed a second iteration of its online carbon calculator, which the railroad says will help customers meet their sustainability goals.  Customers can use the calculator to measure their shipments' carbon emissions.

News for Norfolk Southern Stock (NSC)