secwatch.observer — SEC 8-K summary
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Issuer:     NORFOLK SOUTHERN CORP (NSC)
CIK:        0000702165
Form:       8-K
Filed at:   2024-04-09T23:59:59+00:00
Accession:  0001193125-24-090246
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Norfolk Southern reports preliminary Q1 GAAP loss; revenue down 4%; $600M East Palestine settlement
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- Preliminary GAAP diluted EPS $0.23; adjusted EPS $2.49; operating ratio 92.9% GAAP vs 69.9% adjusted.
- Railway operating revenues $3,004M, down 4% YoY despite 4% volume growth due to RPU headwinds.
- Recorded $600M charge for agreement in principle to settle East Palestine class action; $691M total special items.
- Reaffirms FY 2024 adjusted operating ratio improvement of 100-150 bps; targets 400+ bps improvement in H2.
- Expects $50-100M revenue impact in Q2 from Baltimore bridge collapse; operational improvements noted.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/702165/000119312524090246/0001193125-24-090246-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/702165/000119312524090246/d783293d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-090246

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