Reported Q: Q3 2024 Rev YoY: +2.7% EPS YoY: +130.3% Move: -0.02%
Norfolk Southern
NSC
$318.82 -0.02%
Exchange NYSE Sector Industrials Industry Railroads
Q3 2024
Published: Oct 22, 2024

Company Status Snapshot

Fast view of the latest quarter outcome for NSC

Reported

Report Date

Oct 22, 2024

Quarter Q3 2024

Revenue

3.05B

YoY: +2.7%

EPS

4.85

YoY: +130.3%

Market Move

-0.02%

Previous quarter: Q2 2024

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Earnings Highlights

  • Revenue of $3.05B up 2.7% year-over-year
  • EPS of $4.85 increased by 130.3% from previous year
  • Gross margin of 39.8%
  • Net income of 1.10B
  • ""We achieved 3% higher revenue compared to the prior year, and adjusted earnings per share was 23% higher than the third quarter last year. Importantly, we delivered 570 basis points of adjusted OR improvement, bringing that ratio down to 63.4%"" - Mark George
NSC
Company NSC

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Executive Summary

Norfolk Southern (NSC) delivered a robust QQ3 2024 through a combination of volume growth, targeted cost reductions, and network resiliency. Revenue rose 3% year-over-year to $3.051 billion, driven by 7% volume growth across segments, while revenue per unit (RPU) narrowed due to fuel surcharges, coal price declines, and intermodal mix effects. Importantly, adjusted operating ratio (OR) improved by 570 basis points versus the prior year, landing at 63.4% for the period, underscoring the efficacy of the company’s PSR 2.0 initiative and productivity programs. Management highlighted the benefits of a safer, more efficient network—bolstered by a 13% year-over-year increase in car velocity and a 18% improvement in locomotive productivity—that supported higher margins even as the environment featured Hurricanes Helene and Milton and a port disruption.

Key Performance Indicators

Revenue
Increasing
3.05B
QoQ: 0.23% | YoY: 2.69%
Gross Profit
Decreasing
1.21B
39.76% margin
QoQ: 9.97% | YoY: -16.34%
Operating Income
Increasing
1.60B
QoQ: 44.70% | YoY: 111.11%
Net Income
Increasing
1.10B
QoQ: 49.12% | YoY: 129.92%
EPS
Increasing
4.86
QoQ: 49.08% | YoY: 130.33%

Revenue Trend

Margin Analysis

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
Q1 2026 2,998.00 2.43 -1.5% View
Q1 2025 2,993.00 3.31 -0.4% View
Q4 2024 3,024.00 3.23 -1.6% View
Q3 2024 3,051.00 4.85 +2.7% View
Q2 2024 3,044.00 3.25 +2.2% View