secwatch.observer — SEC 8-K summary
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Issuer:     NORFOLK SOUTHERN CORP (NSC)
CIK:        0000702165
Form:       8-K
Filed at:   2024-04-24T23:59:59+00:00
Accession:  0001552781-24-000243
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/702165/000155278124000243/0001552781-24-000243-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/702165/000155278124000243/e24203_nsc-8k.htm
  HTML page:      https://secwatch.observer/filing/0001552781-24-000243

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