earnings
confidence high
sentiment positive
materiality 0.75
Norfolk Southern Q3 adjusted EPS $3.25 (+23% YoY); OR improves 570bps to 63.4%
NORFOLK SOUTHERN CORP
2024-Q3 EPS reported
$8.34
revenue$9,099,000,000
- Q3 revenue $3.1B (+3% YoY); GAAP diluted EPS $4.85, adjusted $3.25 (+23% YoY).
- Adjusted operating ratio 63.4%, improving 570 bps from 69.1% in Q3 2023.
- Railway line sales generated $380M gains and ~$400M cash proceeds in Q3.
- Eastern Ohio incident insurance recoveries exceeded costs by $159M in Q3.
- Restructuring charges of $60M in Q3 ($156M YTD); no share repurchases in 2024.