Norfolk Southern Q3 adjusted EPS $2.65 (-35% YoY); $163M Ohio incident charge

NORFOLK SOUTHERN CORP

2023-Q3 EPS reported $5.70 revenue$9,083,000,000

Diluted EPS $2.10 GAAP; adjusted $2.65, down 35% vs Q3 2022 $4.10.
Railway operating revenues $2.97B, down 11% YoY; intermodal -22%, merchandise -7%, coal -8%.
Q3 includes $163M Eastern Ohio incident charge, net of $25M insurance recovery.
Income from railway operations $756M GAAP; adjusted $919M, down 28% YoY.
First nine months 2023 incident costs total $966M; no further third-party recoveries booked.

item 2.02 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 0.9

NORFOLK SOUTHERN CORP reported third quarter 2023 results: revenue $3.0 billion, net income $478 million, EPS $2.10.

Period: third quarter 2023
Revenue: $3.0 billion
Net income: $478 million
EPS: $2.10
Result: reported results

Exact text from the filing

the safe, reliable, and resilient railroad our customers and shareholders expect, and we have an incredibly bright future.” Third Quarter Summary · Railway operating revenues of $3.0 billion, down $372 million, or 11%, compared to third quarter 2022. · Income from railway operations was $756 million inclusive of a $163 million charge associated with the Eastern Ohio

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Source: SEC EDGAR

accession 0001552781-23-000413

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