Loading...
•
Mar 31, 2020
Norfolk Southern Q1 2020 Earnings Report
Norfolk Southern reported first-quarter 2020 results with a non-cash asset rationalization charge related to PSR implementation.
Key Takeaways
Norfolk Southern's first-quarter financial results included a net income of $381 million, diluted earnings per share of $1.47, and an operating ratio of 78.4%. These results include a $385 million non-cash locomotive rationalization charge. Excluding this charge, adjusted first-quarter net income was $669 million, adjusted diluted earnings per share were $2.58, and the adjusted operating ratio was 63.7%.
All-time best service delivery levels were achieved.
Productivity improvements were made.
Volumes were impacted by weak energy prices and the onset of the COVID-19 pandemic.
The company is dedicated to serving customers and keeping employees healthy and safe while navigating the downturn.
Forward Guidance
Forward-looking statements involve risks and uncertainties, and actual results may differ materially from those projected, including the impact of the COVID-19 pandemic.
Challenges Ahead
- The impact of the COVID-19 pandemic on us, our customers, our supply chain and our operations.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...