Norfolk Southern Q2 revenue down 8%, EPS $1.56; $416M Ohio charge

NORFOLK SOUTHERN CORP

2023-Q2 EPS reported $3.60 revenue$6,112,000,000

Revenue $2.98B (-8% YoY); GAAP diluted EPS $1.56 reflects $416M Eastern Ohio incident charge.
Adjusted diluted EPS $2.95 (-14% YoY); adjusted income from railway operations $992M (-22%).
Eastern Ohio incident total charge $803M in H1 2023; no insurance recoveries recorded yet.
First six months 2023 revenue $6.112B, net income $822M, diluted EPS $3.60.
Bylaws amended for Universal Proxy Rules (procedural; not material).

item 2.02 item 5.03 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

NORFOLK SOUTHERN CORP reported second quarter 2023 results: revenue $3.0 billion, EPS $1.56.

Period: second quarter 2023
Revenue: $3.0 billion
EPS: $1.56
Result: reported results

Exact text from the filing

to our long-term strategy and are positioning our franchise to take on volume growth and deliver for our customers.” Second Quarter Summary · Railway operating revenues of $3.0 billion, down 8%, or $270 million, compared to second quarter 2022. · Income from railway operations in the second quarter 2023 was $576 million including a $416 million charge

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Source: SEC EDGAR

accession 0001552781-23-000329

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