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Dec 31, 2023
Norfolk Southern Q4 2023 Earnings Report
Norfolk Southern's Q4 2023 financial results were announced, showing diluted earnings per share of $2.32, which includes a $150 million charge related to the incident in Eastern Ohio.
Key Takeaways
Norfolk Southern reported fourth-quarter earnings that include a $150 million charge related to the incident in Eastern Ohio. The company is focusing on productivity gains, cost management, and growth for 2024.
Fourth quarter results included income from railway operations of $808 million.
Diluted earnings per share were $2.32 for the quarter.
Results include a $150 million charge related to the incident in Eastern Ohio, inclusive of $76 million in insurance recoveries.
Adjusted diluted earnings per share were $2.83, excluding the incident charge.