Revenue segments as reported by the company.

Merchandise

Intermodal

Coal

Revenue Segments

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

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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

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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

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Earnings data Q1 2022

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Earnings data Q1 2023

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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.

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Cost of revenue

Gross profit

Operating expenses

SG&A

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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

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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

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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.

ATLANTA , Jan. 4, 2023 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) will announce its fourth quarter financial results during a live conference call and internet webcast at 8:45 a.m. ET on Wednesday, January 25, 2023.

Norfolk Southern to announce Q4 2022 earnings results on January 25

Caterpillar

Valero Energy

In this article, we start with a macroeconomic discussion, given a high probability of severe economic weakness in 2023. To be prepared, I am building a bigger war chest and a watchlist of cyclical dividend stocks I want to buy on weakness.

Recession? 3 Terrific Dividend Stocks To Buy On Weakness

Southwest Airlines

Why investors should use the Zacks Earnings ESP tool to help find stocks that are poised to top quarterly earnings estimates.

Want Better Returns? Don't Ignore These 2 Transportation Stocks Set to Beat Earnings

Union Pacific

Employment numbers with the U.S. operations of the Class I railroads in mid-November were the highest since the start of the COVID-19 pandemic in North America, according to data collected by the Surface Transportation Board. However, some are questioning whether some aspects of other employment data collected by the board truly reflect the state of employment in the industry.

Employment with US Class I railroads up 4.4% year over year

Canadian National Railway Company

Canadian Pacific Kansas City Limited

An analyst firm has come out with some rail stocks to watch in 2023, now that concerns about a disruptive strike have ebbed. President Joe Biden signed a bill earlier this month imposing a deal on rail-freight workers.

Watch these rail stocks in 2023, says Evercore

Nearly 9  in 10 consumers research a brand's sustainability initiatives before buying; more than two-thirds believe rail is the most sustainable method for transporting cars ATLANTA , Dec. 20, 2022 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) today unveiled the results of its first-ever Automotive Buyer Benchmark, a look into the decision-making processes of consumers who are, or will soon be, searching for a new vehicle. The findings underscored the importance car buyers place on automotive supply chain sustainability.

Norfolk Southern Survey: Sustainability a significant factor in car purchases

Railroads and unions gave conflicting views during a hearing by the Federal Railroad Administration (FRA) on a proposed rulemaking that would require freight trains generally to have at least two crew members in the locomotive cab. The agency is gathering public testimony through next week.

FRA hears clashing views from railroads, unions on train crew size

The drama about whether union members would go on strike has passed, with Congress passing legislation and President Joe Biden signing that legislation requiring all unions to ratify the labor agreement that union and railroad negotiators reached in September.  But the battle scars still remain and those scars must be healed in order for the rail industry not only to fully restore service levels but also to thrive and assume the role as a vital and necessary freight transportation mode.

Rail industry must overcome strained labor relations in order to survive

Organizations support educational, environmental, social equity, and community advancement initiatives ATLANTA , Dec. 12, 2022 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) will award $1 million in grants to a diverse group of fifty-seven Hampton Roads nonprofit organizations. The grants further Norfolk Southern's legacy of supporting people and families in the communities it serves.

Norfolk Southern awards $1 million to 57 Hampton Roads nonprofits

On Tuesday, a pair of investment funds proposed shareholder resolutions at freight rail giants Union Pacific (US:UP) and Norfolk Southern (US:NSC) that would provide covered workers paid sick leave.

Activists Push Proposals at Union Pacific, Norfolk Southern to Provide Paid Sick Leave

Norfolk Southern will deemphasize the use of furloughs as a way to cut costs during market down cycles. The plan comes as two activist investors are pressing NS (NYSE: NSC) and Union Pacific (NYSE: UNP) via shareholder proposals to address paid sick leave.

Norfolk Southern moving away from furloughs to help improve labor relations

Despite a 15% fall year-to-date, Norfolk Southern stock (NYSE: NSC) has little room for growth.

What's Driving The Growth For Norfolk Southern Stock?

In this article, we start by taking a look at the just-averted rail strike, which resulted in high wage growth and Presidential involvement. As railroads look into the future, they need to incorporate more economic weakness as the US is on the verge of a manufacturing recession.

Rail Strike, Recession, And Dividends - Norfolk Southern Remains A Buy On Weakness

Fifteen customers and suppliers honored for their efforts to further  energy efficiency, innovation, and environmental stewardship  ATLANTA , Dec. 1, 2022 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) today announced the recipients of its inaugural Thoroughbred Sustainability Partner Awards. The awards recognize Norfolk Southern partner companies who are leaders in the categories of Energy Efficiency, Innovation, and Environmental Stewardship.

Norfolk Southern announces inaugural Thoroughbred Sustainability Partner Awards winners

The House is also expected to vote Wednesday on an amendment that would meet the industry's demands for more sick leave.

House Approves Legislation To Prevent Rail Strike

The House passed legislation Wednesday that would force a tentative rail labor agreement and thwart a national strike.

House approves tentative labor deal to avoid rail strike

There has been a threat of a freight railroad strike since early September. Railroads offer a unique combination of fuel efficiency and capacity, and there is no perfect substitute (especially with the current truck driver shortage).

Full Steam Ahead: Freight Railroads Likely To Return To Service For The Holidays

The threat of a freight railroad strike that had been building in recent weeks receded quickly after President Joe Biden and Democratic leaders in Congress agreed late Monday to support legislation that would block a walk-out by more than 100,000 union members set for the end of next week.

Rail strike threat recedes as Congress prepares to impose unpopular contract on unions

The Zacks Transportation - Rail industry is gaining from a favorable freight environment. This bodes well for stocks like UNP, CP, CSX and NSC.

4 Railroad Stocks to Capitalize on Strong Freight Demand

Norfolk Southern (NSC) reported earnings 30 days ago. What's next for the stock?

Norfolk Southern (NSC) Up 12.3% Since Last Earnings Report: Can It Continue?

With four rail unions now aligned on a December 9 strike date, the timeline for railroad strike prep and impact on key sectors like chemicals is clearer.

With unions aligned, timeline for rail strike, and railroad emergency prep, is now clear

Brotherhood of Locomotive Engineers and Trainmen National President Dennis Pierce provides expert analysis of railroad workers' potential 2022 train strike.

If train strike happens, major rail union will honor picket lines, its' leader says

The deal is expected to boost Norfolk Southern's (LUV) railway operations geographically.

Norfolk Southern (NSC) to Benefit From CSR Buyout: Here's How

"The things the railroads have done operationally with their business practices have really alienated their workforce," BLET's president told Insider.

Rail workers are 'enraged' and feel 'mistreated,' says a union president. It could end in a holiday season strike that would send shockwaves through the US economy.

Association of American Railroads CEO Ian Jeffries says major rails are "ready, willing and able" to reach new negotiations and avoid creating a "crippling economy" with a strike.

News for Norfolk Southern Stock (NSC)