secwatch.observer — SEC 8-K summary
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Issuer:     NORFOLK SOUTHERN CORP (NSC)
CIK:        0000702165
Form:       8-K
Filed at:   2022-04-27T23:59:59+00:00
Accession:  0001552781-22-000364
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/702165/000155278122000364/0001552781-22-000364-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/702165/000155278122000364/e22280_nsc-8k.htm
  HTML page:      https://secwatch.observer/filing/0001552781-22-000364

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer