earnings
confidence high
sentiment positive
materiality 0.70
Norfolk Southern Q2 adj EPS $3.06, revenue $3.04B; reaffirms FY adj OR ~66%
NORFOLK SOUTHERN CORP
2024-Q2 EPS reported
$3.48
revenue$6,048,000,000
- GAAP net income $737M ($3.25 diluted EPS); adjusted EPS $3.06, up 4% YoY.
- Railway operating revenue $3.04B (+2% YoY); merchandise $1.904B, intermodal $742M, coal $398M.
- Adjusted operating ratio improved 160 bps to 65.1%; GAAP OR 62.8% due to insurance recovery exceeding incident costs.
- Reaffirmed full-year 2024 adjusted operating ratio guidance of approximately 66%.
- No share repurchases in H1 2024 vs $305M in H1 2023; operating cash flow $1.875B.