secwatch.observer — SEC 8-K summary
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Issuer:     NORFOLK SOUTHERN CORP (NSC)
CIK:        0000702165
Form:       8-K
Filed at:   2023-04-26T23:59:59+00:00
Accession:  0001552781-23-000242
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Norfolk Southern Q1 GAAP EPS $2.04, down 30% YoY; includes $387M Ohio derailment charge
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/702165/000155278123000242/0001552781-23-000242-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/702165/000155278123000242/e23230_nsc-8k.htm
  HTML page:      https://secwatch.observer/filing/0001552781-23-000242

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