Norfolk Southern reports record Q1 revenue $2.9B, EPS $2.93; CEO Shaw compensation set

NORFOLK SOUTHERN CORP

2022-Q1 EPS reported $2.93 revenue$2,915,000,000

Railway operating revenue $2.9B (+10% YoY), income from ops $1.1B (+7%), net income $703M.
Diluted EPS $2.93, up from $2.66 in Q1 2021; first-quarter record for revenue, ops income, net income, EPS.
Railway operating ratio 62.8%; fuel expense rose to $301M (+70% YoY) driven by higher prices.
Alan H. Shaw CEO base salary $950k, incentive at 225% of base, supplemental LTI award $2.6M effective May 1.
Repurchased 2.2M shares for $600M in Q1; cash and equivalents rose to $1.571B.

item 2.02 item 5.02 item 7.01 item 9.01

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Appointed

Alan H. Shaw

Chief Executive Officer

NSC · NORFOLK SOUTHERN CORP

Effective: 2022-05-01
Filed: April 27, 2022, 7:59 PM ET

the Board, appointed Alan H. Shaw as Chief Executive Officer ('CEO'), effective May 1, 2022.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Alan H. Shaw was appointed as Chief Executive Officer at NORFOLK SOUTHERN CORP.

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

the Board, appointed Alan H. Shaw as Chief Executive Officer ('CEO'), effective May 1, 2022.

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NORFOLK SOUTHERN CORP filing history →

Source: SEC EDGAR

accession 0001552781-22-000364

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