Norfolk Southern Q3 2020 Earnings Report

Norfolk Southern's financial performance was enhanced by its Precision Scheduled Railroading strategy, achieving net income of $569 million and diluted earnings per share of $2.22, despite the impact of the COVID-19 pandemic.

Key Takeaways

Norfolk Southern reported a net income of $569 million, with diluted earnings per share of $2.22. The company's operating ratio was 66.5%. Adjusted figures, excluding a $99 million non-cash impairment charge, show a net income of $643 million, diluted earnings per share of $2.51, and an operating ratio of 62.5%.

Launched Precision Scheduled Railroading strategy, enhancing operational and financial performance.

Quickly executed a plan to align assets and resources with demand amid the COVID-19 pandemic.

Maintained outstanding service levels with fewer resources and reduced headcount.

Successfully idled the fifth hump in the last five quarters, achieving record productivity.

Total Revenue

$2.51B

Previous year: $2.84B