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Mar 31, 2022

Norfolk Southern Q1 2022 Earnings Report

Norfolk Southern reported first-quarter records for railway operating revenues, income from railway operations, net income, and diluted earnings per share.

Key Takeaways

Norfolk Southern reported solid first-quarter 2022 financial results with double-digit revenue and EPS growth, including record railway operating revenues, income from railway operations, net income, and diluted earnings per share.

Railway operating revenue reached a record $2.9 billion.

Income from railway operations hit a record $1.1 billion.

Net income reached a record $703 million.

Diluted earnings per share reached a record $2.93.

Total Revenue
$2.92B
Previous year: $2.6B
+12.1%
EPS
$2.93
Previous year: $2.66
+10.2%
Gross Profit
$1.19B
Previous year: $1.11B
+8.1%
Cash and Equivalents
$1.57B
Previous year: $998M
+57.4%
Free Cash Flow
$605M
Previous year: $750M
-19.3%
Total Assets
$39.4B
Previous year: $37.9B
+3.8%

Norfolk Southern

Norfolk Southern

Forward Guidance

The company is confident that efforts to improve service through accelerated hiring and refinements to the operating plan will provide a platform for long-term growth and efficiency.