---
schema_version: "secwatch.filing_event.v1"
accession: "0001552781-24-000243"
form_type: "8-K"
ticker: "NSC"
cik: "0000702165"
company_name: "NORFOLK SOUTHERN CORP"
filed_at: "2024-04-24T23:59:59+00:00"
generated_at: "2026-06-03T10:17:19.753148+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Norfolk Southern Q1 net income drops to $53M ($0.23 EPS) from $466M; incident costs persist

## Summary
- Q1 2024 diluted EPS $0.23 vs $2.04 a year ago; net income fell 89% to $53M.
- Railway operating revenues $3.0B, down 4% YoY from $3.1B; intermodal and coal declined.
- Eastern Ohio incident expenses $592M in Q1 2024 (incl. $108M insurance recoveries), up from $387M.
- Restructuring charges $99M for voluntary/involuntary separation of ~350 nonagreement employees and COO appointment.
- No share repurchases in Q1 2024; spent $1.64B on acquisition of CSR assets and $557M on property additions.

## SEC filing metadata
- accession: 0001552781-24-000243
- form_type: 8-K
- ticker: NSC
- cik: 0000702165
- company_name: NORFOLK SOUTHERN CORP
- filed_at: 2024-04-24T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/702165/000155278124000243/0001552781-24-000243-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/702165/000155278124000243/e24203_nsc-8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001552781-24-000243
- JSON: https://secwatch.observer/filing/0001552781-24-000243.json
- Plain text: https://secwatch.observer/filing/0001552781-24-000243.txt

## Key facts
- Earnings Releases
  NORFOLK SOUTHERN CORP reported financial results for first quarter 2024.
  - Period: first quarter 2024
  - Result: reported results
  source text: Norfolk Southern confirms first quarter 2024 results in-line with preliminary release
  evidence_url: https://www.sec.gov/Archives/edgar/data/702165/000155278124000243/0001552781-24-000243-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.