Norfolk Southern Stock Price, News & Analysis

On April 26, 2023, Norfolk Southern Corporation (NYSE: NSC) released its first quarter financial results, reporting a 34% decline in income from railway operations to $711 million and a 30% decrease in diluted earnings per share to $2.04, compared to Q1 2022. The financial results included a $387 million charge linked to the Eastern Ohio incident. After adjusting for this charge, adjusted income from railway operations was $1.1 billion, showing a 1% increase year-over-year, and adjusted diluted earnings per share increased 13% to $3.32. Railway operating revenues rose by 7% to $3.1 billion, up $217 million from the previous year.

On April 25, 2023, Norfolk Southern Corporation (NYSE: NSC) declared a quarterly dividend of $1.35 per share on its common stock. This dividend will be payable on May 20, 2023 to shareholders of record as of May 5, 2023. Norfolk Southern has maintained a consistent dividend payout for 163 consecutive quarters since its inception in 1982, showcasing its strong commitment to returning value to its shareholders. The company's operations contribute significantly to sustainability, preventing 15 million tons of carbon emissions annually by utilizing rail transportation.

Norfolk Southern Corporation (NYSE: NSC) has announced a new paid sick leave agreement with the Brotherhood of Railway Signalmen, enhancing benefits for approximately 900 signal employees. This agreement allows these employees to take up to seven days of paid sick leave annually. The latest development means that ten out of Norfolk Southern's twelve unions now have access to paid sick leave, impacting around 6,900 workers. This initiative reflects Norfolk Southern's commitment to improving employee quality of life and enhancing workforce benefits. Previous agreements also provide paid sick leave to two other unions, further indicating the company's focus on employee well-being.

Norfolk Southern Corporation (NYSE: NSC) is set to announce its first quarter financial results on April 26, 2023, via a live conference call at 8:45 a.m. ET. The quarterly earnings report will be available prior to the call, alongside a detailed press release on the company's Investors page. Investors can participate in the call by dialing 877-869-3847 or accessing the live webcast on the Norfolk Southern website.

Norfolk Southern Corporation (NYSE:NSC) and the SMART Transportation Division announced on March 23, 2023, that they are halting formal negotiations regarding conductor redeployment. This decision aims to prioritize immediate quality-of-life improvements for employees. SMART-TD's president, Jeremy Ferguson, emphasized that the focus will now be on scheduling enhancements that could provide conductors with fixed days off and better predictability in weekly assignments. NS has until mid-June to finalize these improvements, demonstrating commitment to employee welfare. The withdrawal of the Section 6 notice indicates a shift towards voluntary discussions.

Norfolk Southern Corporation (NYSE: NSC) announced the creation of two vice president positions in its Marketing division, effective April 2. Yannik Thomas will become Vice President of Intermodal and Automotive Operations, while Stefan Loeb will serve as Vice President of First and Final Mile Markets. Chief Marketing Officer Ed Elkins emphasized the importance of these appointments in enhancing growth and customer service. Thomas previously held the role of Assistant Vice President Financial Planning and Analysis, and Loeb joins from Watco, where he was Executive Vice President and Chief Commercial Officer.