earnings
confidence high
sentiment negative
materiality 0.75
Norfolk Southern Q1 GAAP EPS $2.04, down 30% YoY; includes $387M Ohio derailment charge
NORFOLK SOUTHERN CORP
2023-Q1 EPS reported
$2.04
revenue$3,132,000,000
- Railway operating revenues $3.1B, up 7% YoY; merchandise $1.878B, intermodal $814M, coal $440M.
- GAAP income from railway operations $711M, down 34% YoY; adjusted (ex-Ohio charge) $1.1B, up 1%.
- GAAP diluted EPS $2.04, down 30% YoY; adjusted diluted EPS $3.32, up 13% YoY.
- Recognized $387M charge for East Palestine derailment; no insurance recoveries recorded yet.
- Repurchased 0.6M shares for $163M in Q1; dividends paid $307M.