Revenue segments as reported by the company.

Merchandise

Intermodal

Coal

Revenue Segments

Gross Profit, Operating Income, and Net Income as a percentage of Revenue

Operating Margin

Profit Margin

Margins

An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

Compensation and benefits

Purchased services and rent

Fuel

Depreciation

Materials and other

Eastern Ohio incident

Restructuring and other charges

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

Revenue Y/Y

OpEx Y/Y

Growth

Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

Norfolk Southern

Norfolk Southern Corp. is a transportation company, which owns a freight railroad. It engages in the rail transportation of raw materials, intermediate products, and finished goods primarily in the Southeast, East, and Midwest and, via interchange with rail carriers to and from the rest of the United States. The company transports overseas freight through several Atlantic and Gulf Coast ports. It offers an extensive intermodal network in the eastern half of the United States and is a transporter of coal, automotive, and industrial products. The company's services include property leases and sales, wire line or pipeline and fiber optics projects, access property, managing private crossings, promoting businesses with signboards, and natural resource management. Norfolk Southern was founded on July 23, 1980, and is headquartered in Atlanta, GA.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Norfolk Southern posts robust Q4 results amidst operational enhancements

Norfolk Southern (NSC) delivered strong financial results in Q4 2022, focusing on operational efficiency, service enhancements, and strategic growth initiatives.
Despite challenges such as macroeconomic uncertainties and service-related costs, NSC remains optimistic, aiming to capitalize on opportunities in market share expansion and network resiliency.
The company's performance, strengths, and proactive approach to challenges position it well for continued growth and competitiveness in the rail industry.

Norfolk Southern prioritizes safety and resilience amidst operational challenges

Norfolk Southern is prioritizing safety enhancements, cost-effective measures, and workforce optimization to improve service quality. The company's strategy focuses on resilient service, supporting highway to rail conversions, and investing in employee training. Despite challenges, Norfolk Southern remains committed to competitive margins, revenue growth, EPS, and ROIC.

Norfolk Southern reports Q2 revenue decline, focuses on recovery

Norfolk Southern (NSC) faced revenue declines and operational challenges in Q2 2023, impacted by the Eastern Ohio derailment and market headwinds.
Despite challenges, the company remains committed to safety, recovery, and long-term value creation, focusing on efficiency and service excellence.
Opportunities for OR improvement, cost management, and service enhancements provide a path for Norfolk Southern (NSC) to navigate challenges and drive future growth.

Norfolk Southern (NSC) reports Q3 improvements amidst cost pressures

Norfolk Southern (NSC) navigated challenges in Q3 with a focus on resilience and operational excellence. Despite cost pressures, the company saw improvements in service, volume, and safety performance. With a strategic focus on industry competitive margins and growth opportunities, Norfolk Southern is investing in service enhancements and productivity to drive future success.

Norfolk Southern (NSC) reports safety improvements and growth strategies

Norfolk Southern (NSC) navigated challenges in 2023 with a focus on safety, service improvements, and sustainable growth strategies. Despite cost impacts and margin challenges, the company remains optimistic about modest volume growth and revenue enhancement opportunities in 2024.

Norfolk Southern prioritizes productivity and efficiency for industry competitiveness

Norfolk Southern (NSC) focused on productivity and efficiency to achieve industry competitive margins in Q1 2024.
Operational changes led by new COO John Orr emphasized safety, productivity, and network optimization efforts.
Challenges in revenue declines and market outlook were addressed, with opportunities for growth through operational enhancements.
Confidence in achieving operational targets and reducing headcount through productivity initiatives was expressed.
Balanced strategy focusing on service, productivity, and growth to drive transformational journey.
Customer service improvements and changes underway were well-received, with a focus on velocity and reliability.

Norfolk Southern reports solid Q2 earnings amidst coal market challenges

Norfolk Southern's Q2 2024 performance showcased financial strength, operational improvements, and a focus on safety and productivity. While facing challenges in the coal market, the company remains committed to its strategy and delivering results. Opportunities for growth through partnerships and operational enhancements position Norfolk Southern for long-term success.

Norfolk Southern reports robust Q3 earnings amidst market challenges

Norfolk Southern (NSC) delivered strong financial results with revenue and earnings growth, driven by volume increases and cost management initiatives.
The company's emphasis on safety, productivity, and cost reductions underscores its commitment to operational excellence and sustainable growth.
While facing challenges from market uncertainties and external impacts, Norfolk Southern remains focused on enhancing operational efficiency and seizing growth opportunities.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Norfolk Southern Corp. is a transportation company, which engages in the rail transportation of raw materials, intermediate products, and finished goods. The company also transports overseas freight through several Atlantic and Gulf Coast ports. Its services include property leases and sales, wire line or pipeline and fiber optics projects, access property, managing private crossings, promoting businesses with signboards, and natural resource management. The company was founded on July 23, 1980 and is headquartered in Atlanta, GA.

First Trust Nasdaq Transportation ETF

iShares Transportation Average ETF

Union Pacific

SPDR S&P Transportation ETF

The fourth-quarter earnings picture for the transportation sector has been shaping up well. The sector is the fourth-biggest contributor to both Q4 earnings and revenue growth so far.

Transport ETFs Showing Strength on Q4 Earnings Results

Booking Hlds

There is more to the comparison, and in the sections below, we discuss the possible returns for NSC and BKNG in the next three years.

Pick Either Norfolk Southern Stock Or This Travel Company: Both May Offer Similar Returns

Canadian National Railway Company

For railroad stocks, it's the sound of escaping 2022 relatively unscathed. The group's 8% decline paled in comparison to S&P 500's 19% slide.

Ride These Railroad Stocks for Growth and Income

Archer-Daniels-Midland Company

Comcast

Chevron

Halliburton

HCA Healthcare

Kimberly-Clark

Marathon Oil

Nucor

Charles Schwab

S&P Global

It was a busy week for dividend announcements, with the fourth-quarter earnings season in full swing.

Chevron, Comcast, and 10 More Companies That Raised Their Dividends

Norfolk Southern's partnership with 120 companies at the railroad's industrial sites generated about $3.2 billion in investment in 2022. The investments were for 159 projects to expand operations or create new facilities along NS' network, the railroad said Thursday.

Norfolk Southern's industrial development investments valued at $3.2B

159 industrial development projects create 3,940 jobs ATLANTA , Jan. 26, 2023 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) partnered with 120 companies to facilitate 159 industrial development projects in 2022. The projects expanded operations or created new facilities along the company's rail network.

Customers invest $3.2B along Norfolk Southern's network in 2022

At least two (2) of America's Class 1 railroads are pulling back into buying territory, which is good news for investors. These railroads are cash-generating machines that pay healthy dividends and buy back shares.

Union Pacific, Norfolk Southern Pull into Buying Zone

While the top- and bottom-line numbers for Norfolk Southern (NSC) give a sense of how the business performed in the quarter ended December 2022, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Norfolk Southern (NSC) Reports Q4 Earnings: What Key Metrics Have to Say

Norfolk Southern sees 2023 as an opportunity to further test its new operational plan amid considerable economic headwinds, according to executives' comments during the railroad's fourth-quarter '22 earnings call. Those headwinds include how inflation not only affects NS and its customers but also the broader industries, such as industrial production and manufacturing as well as consumer sentiment.

Norfolk Southern bracing for economic headwinds

Norfolk Southern chief says boosting operating earnings will be difficult in 2023. Union Pacific gave a mixed outlook.

Railroads Predict Muted Earnings Growth This Year

Norfolk Southern's (NSC) operating revenues of $3,237 million outpace the Zacks Consensus Estimate of $3,177.2 million in fourth-quarter 2022.

Norfolk Southern (NSC) Q4 Earnings & Revenues Top, Rise Y/Y

Norfolk Southern Corporation (NYSE:NSC ) Q4 2022 Results Conference Call January 25, 2023 8:45 AM ET Company Participants Luke Nichols - SD, IR Alan Shaw - President, CEO Ed Elkins - CMO Mark George - CFO Paul Duncan - COO Conference Call Participants Tom Wadewitz - UBS Jordan Alliger - Goldman Sachs Chris Wetherbee - Citi Amit Mehrotra - Deutsche Bank Allison Poliniak - Wells Fargo Justin Long - Stephens Scott Group - Wolfe Research Brandon Oglenski - Barclays Ravi Shankar - Morgan Stanley Walter Spracklin - RBC Capital Markets Jon Chappell - Evercore ISI Brian Ossenbeck - JPMorgan Cherilyn Radbourne - TD Securities Ariel Rosa - Credit Suisse Bascome Majors - Susquehanna Jeff Kauffman - Vertical Research Partners David Vernon - Bernstein Ken Hoexter - Bank of America Operator Greetings, and welcome to the Norfolk Southern Corporation Fourth Quarter Fiscal Year 2022 Earnings Call. [Operator Instructions] As a reminder, this conference is being recorded.

Norfolk Southern Corporation (NSC) Q4 2022 Earnings Call Transcript

Norfolk Southern (NSC) has an impressive record of paying dividends.The company has announced a 9% increase in the quarterly dividend.

Norfolk Southern (NSC) Hikes Dividend to Gratify Shareholders

Norfolk Southern (NSC) delivered earnings and revenue surprises of 0.29% and 1.88%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Norfolk Southern (NSC) Tops Q4 Earnings and Revenue Estimates

Norfolk Southern Corp. NSC reported Wednesday fourth-quarter profit that came up shy of forecasts, as railway expenses rose more than revenue, which topped forecasts. The railroad operator's stock was still inactive in the premarket.

Norfolk Southern profit comes up shy of forecasts, while dividend hike boosts yield above 2%

Company reports record railway operating revenue, income from railway operations ATLANTA , Jan. 25, 2023 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) today announced fourth quarter and full-year 2022 financial results. The company marked fourth quarter and annual records for railway operating revenue and income from railway operations.

Norfolk Southern reports Q4 and full-year 2022 results

Although the company should continue to benefit from a shift toward lower-cost transportation alternatives, higher costs will likely weigh on its overall performance.

Norfolk Southern Stock Looks Reasonably Priced As It Nears Q4

American Airlines

JetBlue Airways

Old Dominion Freight Line

Transportation companies like JetBlue (JBLU), Norfolk Southern (NSC), Old Dominion Freight Line (ODFL) and American Airlines (AAL) are expected to beat fourth-quarter earnings estimates.

4 Transportation Stocks Likely to Surpass Q4 Earnings Estimates

Canadian Pacific Kansas City Limited

Rail sector earnings season kicks off this month with companies likely to cite the impact of the extreme cold that hit much of the U.S. at the end of 2022.

Rail earnings on deck: What to expect

Two of America's largest railroads go head-to-head.

Better Buy: Union Pacific or Norfolk Southern Stock?

Traffic for the first nine months of 2022 was down significantly, yet revenue and net income were higher. I don't think this is sustainable. Something has to give. Additionally, the company now has near-record levels of debt. This is troublesome given where interest rates are.

Norfolk Southern Corporation Is Too Expensive

WASHINGTON — The near-term future of freight rail might be one marked by collaboration, whether that's through private or public partnerships among other supply chain stakeholders or between the railroads themselves as they compete against the trucking industry, according to panelists at the Transportation Research Board annual meeting this week. One idea that continues to be discussed is that infrastructure investors are interested in developing giant rail industrial parks in North America, said James Miller, a partner with Deloitte Canada, during a Wednesday session.

Collaboration must be key for railroads to thrive, experts say

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Danaher

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Huntington Ingalls Industries

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Raytheon Technologies

Schwab US Dividend Equity ETF

Vanguard Dividend Appreciation ETF

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Vanguard High Dividend Yield ETF

As requested by many, I decided to dedicate an article to my personal dividend growth portfolio, consisting of more than 90% of my net worth. I start by explaining my strategy and approach, followed by a discussion of the benefits that come with dividend (growth) investment strategies.

My 6-Figure Market-Beating Dividend Growth Portfolio

Four Class I railroads want the Surface Transportation Board to pause the implementation of an arbitration program to resolve rail rate disputes involving smaller financial amounts. CSX (NASDAQ: CSX), Norfolk Southern (NYSE: NSC), Union Pacific (NYSE: UNP) and the U.S. subsidiaries of Canadian railway CN (NYSE: CNI) argue that STB's deadline for the Class I railroads to commit to a five-year arbitration program as prescribed in STB's December order is too soon.

4 Class I railroads seek stay of federal order for rate disputes

Norfolk Southern (NSC) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

News for Norfolk Southern Stock (NSC)