Categories Earnings, Industrials

Earnings Summary: Highlights of Norfolk Southern Corp’s (NSC) Q4 2023 report

Railroad company Norfolk Southern Corporation (NYSE: NSC) on Friday announced fourth-quarter financial results, reporting a decline in operating revenues.

  • Total railway operating revenues decreased 5% annually to $3.1 billion in Q4 from $3.24 billion last year
  • Income from railway operations was $808 million, a 32% decline from the $1.2 billion recorded in the fourth quarter of 2022.
  • Adjusting for the Eastern Ohio Incident, income from railway operations was $958 million, down19% YoY
  • On a per-share basis, fourth-quarter earnings decreased to $2.32 from $3.42 last year
  • At $527 million, Q4 net income was down 33% year-over-year; adjusted earnings per share declined 17% to $2.83

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