Norfolk Southern Q1 2023 Earnings Report

Norfolk Southern's Q1 2023 earnings were impacted by a $387 million charge related to the incident in Eastern Ohio, resulting in declines in income from railway operations and diluted earnings per share compared to Q1 2022. However, adjusted results, excluding the incident charge, showed improvements in both income from railway operations and diluted earnings per share.

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.

Total Revenue

$3.1B

Previous year: $2.92B