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Sep 30, 2024
Norfolk Southern Q3 2024 Earnings Report
Norfolk Southern reported strong results driven by productivity initiatives and volume growth.
Key Takeaways
Norfolk Southern reported strong third quarter results with income from railway operations at $1.6 billion and diluted earnings per share at $4.85. Adjusted diluted earnings per share were $3.25. The company is on track to meet adjusted operating ratio targets for the second half and full year 2024.
The company's team drove productivity and grew volumes.
Sequential and year-over-year margin improvement was achieved.
The company is on track to achieve adjusted operating ratio targets for the second half and full year 2024.
The company closed two railway line sales resulting in cash proceeds of nearly $400 million and gains of $380 million.
Forward Guidance
The company is on track to meet adjusted operating ratio targets for the second half and full year 2024 and is well positioned for long-term value creation.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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