Norfolk Southern Q1 2023 Earnings Report
Key Takeaways
Norfolk Southern's first quarter 2023 results were affected by a $387 million charge related to the incident in Eastern Ohio. Including this charge, income from railway operations was $711 million, and diluted EPS was $2.04, down 34% and 30%, respectively, compared to Q1 2022. Adjusting for the charge, income from railway operations was $1.1 billion, and diluted EPS was $3.32, up 1% and 13%, respectively.
First quarter 2023 financial results were impacted by a $387 million charge related to the incident in Eastern Ohio.
Income from railway operations was $711 million, a decrease of 34% compared to Q1 2022.
Diluted earnings per share were $2.04, a decrease of 30% compared to Q1 2022.
Adjusted diluted earnings per share were $3.32, an increase of 13% compared to Q1 2022.
Norfolk Southern
Norfolk Southern
Forward Guidance
This earnings report contains forward-looking statements that are subject to risks and uncertainties.