Norfolk Southern reports fourth quarter and full year 2024 results
Norfolk Southern (NSC) reported its Q4 and full-year 2024 financial results. In Q4, revenue was $3.0 billion with income from railway operations at $1.1 billion, operating ratio at 62.6%, and diluted EPS of $3.23. For full-year 2024, revenue reached $12.1 billion, with railway operations income of $4.1 billion, operating ratio of 66.4%, and diluted EPS of $11.57.
After adjusting for railway line sales, Eastern Ohio incident, restructuring charges, and shareholder advisory costs, Q4 adjusted operating ratio improved to 64.9%, with adjusted EPS of $3.04. Full-year adjusted figures show an operating ratio of 65.8% and EPS of $11.85. The company experienced 3% volume growth in Q4 and 5% for the full year, with insurance recoveries from the Eastern Ohio incident exceeding costs for the third consecutive quarter.
Norfolk Southern (NSC) ha riportato i risultati finanziari per il quarto trimestre e l'intero anno 2024. Nel quarto trimestre, i ricavi sono stati di 3,0 miliardi di dollari, con un reddito dalle operazioni ferroviarie pari a 1,1 miliardi di dollari, un rapporto operativo del 62,6% e un utile per azione diluito di 3,23 dollari. Per l'intero anno 2024, i ricavi hanno raggiunto 12,1 miliardi di dollari, con un reddito dalle operazioni ferroviarie di 4,1 miliardi di dollari, un rapporto operativo del 66,4% e un utile per azione diluito di 11,57 dollari.
Dopo aver adeguato per le vendite di linee ferroviarie, l'incidente dell'Ohio orientale, i costi di ristrutturazione e le spese per consulenze agli azionisti, il rapporto operativo rettificato del quarto trimestre è migliorato al 64,9%, con un utile per azione rettificato di 3,04 dollari. I dati rettificati per l'intero anno mostrano un rapporto operativo del 65,8% e un utile per azione di 11,85 dollari. L'azienda ha registrato una crescita del volume del 3% nel quarto trimestre e del 5% per l'intero anno, con recuperi assicurativi dall'incidente dell'Ohio orientale che superano i costi per il terzo trimestre consecutivo.
Norfolk Southern (NSC) reportó sus resultados financieros del cuarto trimestre y del año completo 2024. En el cuarto trimestre, los ingresos fueron de 3.0 mil millones de dólares, con un ingreso de operaciones ferroviarias de 1.1 mil millones de dólares, una relación operativa del 62.6% y una utilidad por acción diluida de 3.23 dólares. Para el año completo 2024, los ingresos alcanzaron 12.1 mil millones de dólares, con un ingreso de operaciones ferroviarias de 4.1 mil millones de dólares, una relación operativa del 66.4% y una utilidad por acción diluida de 11.57 dólares.
Después de ajustar por la venta de líneas ferroviarias, el incidente del este de Ohio, los cargos de reestructuración y los costos de asesoría a accionistas, la relación operativa ajustada del cuarto trimestre mejoró al 64.9%, con una utilidad por acción ajustada de 3.04 dólares. Las cifras ajustadas para el año completo muestran una relación operativa del 65.8% y una utilidad por acción de 11.85 dólares. La empresa experimentó un crecimiento del volumen del 3% en el cuarto trimestre y del 5% en el año completo, con recuperaciones de seguros por el incidente del este de Ohio que superaron los costos por tercer trimestre consecutivo.
노퍅크 서던(Norfolk Southern, NSC)는 2024년 4분기 및 연간 재무 결과를 보고했습니다. 4분기 동안 매출은 30억 달러였으며, 철도 운영 수익은 11억 달러, 운영 비율은 62.6%, 희석 주당 순이익(EPS)은 3.23달러였습니다. 2024년 전체 연도 동안 매출은 121억 달러에 달했으며, 철도 운영 수익은 41억 달러, 운영 비율은 66.4%, 희석 EPS는 11.57달러였습니다.
철도 노선 판매, 동부 오하이오 사건, 구조조정 비용 및 주주 자문 비용을 조정한 결과, 4분기 조정 운영 비율은 64.9%로 개선되었고, 조정된 EPS는 3.04달러였습니다. 연간 조정 수치는 운영 비율이 65.8%이며 EPS는 11.85달러로 나타났습니다. 회사는 4분기에 3%의 물량 증가와 전체 연도에 5%의 성장을 경험했으며, 동부 오하이오 사건으로 인한 보험 회수가 연속 3분기 동안 비용을 초과했습니다.
Norfolk Southern (NSC) a publié ses résultats financiers pour le quatrième trimestre et l'année entière 2024. Au quatrième trimestre, les revenus se sont élevés à 3,0 milliards de dollars, avec un revenu des opérations ferroviaires de 1,1 milliard de dollars, un ratio d'exploitation de 62,6 % et un bénéfice dilué par action de 3,23 dollars. Pour l'année complète 2024, les revenus ont atteint 12,1 milliards de dollars, avec un revenu des opérations ferroviaires de 4,1 milliards de dollars, un ratio d'exploitation de 66,4 % et un bénéfice dilué par action de 11,57 dollars.
Après ajustement pour les ventes de lignes ferroviaires, l'incident de l'est de l'Ohio, les charges de restructuration et les coûts de conseil aux actionnaires, le ratio d'exploitation ajusté du quatrième trimestre s'est amélioré à 64,9 %, avec un bénéfice ajusté par action de 3,04 dollars. Les chiffres ajustés pour l'ensemble de l'année montrent un ratio d'exploitation de 65,8 % et un bénéfice par action de 11,85 dollars. L'entreprise a connu une croissance de 3 % du volume au quatrième trimestre et de 5 % pour l'ensemble de l'année, avec des récupérations d'assurance liées à l'incident de l'est de l'Ohio dépassant les coûts pour le troisième trimestre consécutif.
Norfolk Southern (NSC) hat seine Finanzzahlen für das vierte Quartal und das gesamte Jahr 2024 veröffentlicht. Im vierten Quartal betrugen die Einnahmen 3,0 Milliarden Dollar, mit einem Einkommen aus dem Eisenbahnbetrieb von 1,1 Milliarden Dollar, einem Betriebsverhältnis von 62,6% und einem verwässerten Gewinn pro Aktie von 3,23 Dollar. Für das gesamte Jahr 2024 beliefen sich die Einnahmen auf 12,1 Milliarden Dollar, mit einem Einkommen aus dem Eisenbahnbetrieb von 4,1 Milliarden Dollar, einem Betriebsverhältnis von 66,4% und einem verwässerten Gewinn pro Aktie von 11,57 Dollar.
Nach Anpassung aufgrund von Verkäufen von Eisenbahnlinien, dem Vorfall in Ost-Ohio, Restrukturierungskosten und Kosten für Aktionärsberatung verbesserte sich das angepasste Betriebsverhältnis im vierten Quartal auf 64,9%, mit einem angepassten Gewinn pro Aktie von 3,04 Dollar. Die angepassten Zahlen für das gesamte Jahr zeigen ein Betriebsverhältnis von 65,8% und einen Gewinn pro Aktie von 11,85 Dollar. Das Unternehmen verzeichnete im vierten Quartal ein Volumenwachstum von 3% und im gesamten Jahr von 5%, während die Versicherungsleistungen aus dem Vorfall in Ost-Ohio die Kosten im dritten Quartal in Folge überstiegen.
- Q4 income from railway operations increased 40% to $1.1 billion
- Operating ratio improved significantly to 62.6% from 73.7% in Q4 2023
- Volume growth of 3% in Q4 and 5% for full-year 2024
- Insurance recoveries exceeded Eastern Ohio incident costs for third consecutive quarter
- Q4 revenue declined 2% to $3.0 billion year-over-year
- Full-year revenue decreased slightly by $33 million compared to 2023
- Adjusted Q4 EPS growth to 7% year-over-year
- Adjusted full-year EPS growth only 1% compared to 2023
Insights
Norfolk Southern's Q4 2024 results reveal a compelling narrative of operational efficiency and strategic execution. The standout metric is the 390 basis point improvement in adjusted operating ratio to
The revenue dynamics tell an important story: While headline revenue declined
The company's operational transformation is evident in three key areas:
- Consistent improvement in terminal efficiency and network speed
- Successful cost management initiatives driving operating ratio improvements
- Strong insurance recovery management from the Eastern Ohio incident
Looking ahead to 2025, the momentum in operational metrics combined with volume growth suggests further margin expansion potential. The company's focus on productivity initiatives positions it well for continued efficiency gains, though the pace of improvement may moderate after the significant gains achieved in 2024.
Met commitments for second-half and full-year 2024 operating ratio
Productivity initiatives drive results with additional opportunity in 2025
After adjusting the results to exclude the impact of railway line sales, the
For the third consecutive quarter, insurance recoveries related to the
"We closed 2024 with another quarter of solid performance, building on the success of Q3. Our network is running fast; our terminals are more efficient; and service metrics are steady. Our customers are noticing and rewarding us with more business," said President and CEO Mark George. "I applaud all the employees of Norfolk Southern for what we are achieving together. We are seeing momentum in all areas from consistently prioritizing safety, productivity, and operational excellence. We are well-positioned to build on our success and drive long-term value for all our stakeholders."
Fourth Quarter Summary
- Railway operating revenues of
$3.0 billion $49 million 2% , compared to the fourth quarter 2023. - Excluding the impact of lower fuel surcharge revenue, railway operating revenues were
$2.8 billion $60 million 2% , on volume growth of3% compared to the fourth quarter of 2023. - Income from railway operations was
$1.1 billion $323 million 40% , compared to fourth quarter 2023. - Adjusting for the impact of railway line sales, restructuring and other charges, and the
Eastern Ohio incident, income from railway operations was$1.1 billion $104 million 11% , compared to adjusted fourth quarter 2023. - Operating ratio in the quarter was
62.6% compared to73.7% in fourth quarter 2023. - On an adjusted basis, the operating ratio for the quarter was
64.9% . This represents 390 basis points of improvement from adjusted fourth quarter 2023 which was68.8% . - Diluted earnings per share were
$3.23 39% compared to fourth quarter 2023. - Adjusting for the impact of railway line sales, restructuring and other charges, the
Eastern Ohio incident, and shareholder advisory costs, diluted earnings per share were$3.04 $0.21 7% , compared to adjusted fourth quarter 2023.
Full Year Summary
- Railway operating revenues of
$12.1 billion $33 million - Excluding the impact of lower fuel surcharge revenue, railway operating revenues were
$11.2 billion $228 million 2% , on volume growth of5% compared to the full year 2023. - Income from railway operations was
$4.1 billion $1.2 billion 43% , compared to full year 2023. - Adjusting for the impact of railway line sales, restructuring and other charges, and the
Eastern Ohio incident, income from railway operations was$4.1 billion $179 million 5% , compared to adjusted 2023. - Operating ratio in 2024 was
66.4% , an improvement of 1,010 basis points, compared to76.5% in 2023. - On an adjusted basis, the operating ratio for 2024 was
65.8% . This represents 160 basis points of improvement from adjusted 2023 which was67.4% . - Diluted earnings per share were
$11.57 44% compared to 2023. - Adjusting for the impact of railway line sales, restructuring and other charges, the
Eastern Ohio incident, shareholder advisory costs, and a deferred tax adjustment, diluted earnings per share were$11.85 $0.11 1% , compared to adjusted 2023.
About Norfolk Southern
Since 1827, Norfolk Southern Corporation (NYSE: NSC) and its predecessor companies have safely moved the goods and materials that drive the
Cautionary Statement on Forward-Looking Statements
Certain statements in this press release are "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, as amended. These statements relate to future events or our future financial performance and involve known and unknown risks, uncertainties, and other factors that may cause our actual results, levels of activity, performance, or our achievements or those of our industry to be materially different from those expressed or implied by any forward-looking statements. In some cases, forward-looking statements may be identified by the use of words like "may," "will," "could," "would," "should," "expect," "anticipate," "believe," "project," or other comparable terminology. While the Company has based these forward-looking statements on those expectations, assumptions, estimates, beliefs, and projections it views as reasonable, such forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which involve factors or circumstances that are beyond the Company's control, including but not limited to: (i) the Company's ability to successfully implement its operational, productivity, and strategic initiatives; (ii) changes in domestic or international economic, political or business conditions, including those impacting the transportation industry; (iii) a significant adverse event on our network, including but not limited to a mainline accident, discharge of hazardous material, or climate-related or other network outage; (iv) the outcome of claims, litigation, governmental proceedings, and investigations involving the Company, including those with respect to the
Non-GAAP Financial Measures
Information included within this press release contains non-GAAP financial measures, including revenues less fuel surcharges, adjusted income from railway operations, adjusted operating ratio, and adjusted diluted earnings per share. Non-GAAP financial measures should be considered in addition to, not as a substitute for, the financial measures reported in accordance with
Our fourth quarter and full year 2024 non-GAAP financial results exclude the effects of certain expenses related to the impact of railway line sales, the
($ in millions, except per share amounts) | Fourth | ||||
Quarter 2024 | |||||
Railway operating revenues | $ | 3,024 | |||
Less: fuel surcharge revenues | (205) | ||||
Railway operating revenues less fuel surcharge revenues | $ | 2,819 | |||
Income from railway operations | $ | 1,131 | |||
Effect of railway line sales Effect of Effect of restructuring and other charges | (53) (43) 27 | ||||
Adjusted income from railway operations | $ | 1,062 | |||
Operating ratio | 62.6 % | ||||
Effect of railway line sales Effect of Effect of restructuring and other charges | ( | ||||
Adjusted operating ratio | 64.9 % | ||||
Diluted earnings per share | $ | 3.23 | |||
Effect of railway line sales Effect of Effect of restructuring and other charges | (0.17) (0.14) 0.09 | ||||
Effect of shareholder advisory costs | 0.03 | ||||
Adjusted diluted earnings per share | $ | 3.04 | |||
($ in millions, except per share amounts) | Full Year | |||||||||
2024 | ||||||||||
Railway operating revenues | $ | 12,123 | ||||||||
Less: fuel surcharge revenues | (962) | |||||||||
Railway operating revenues less fuel surcharge revenues | $ | 11,161 | ||||||||
Income from railway operations | $ | 4,071 | ||||||||
Effect of railway line sales Effect of Effect of restructuring and other charges | (433) 325 183 | |||||||||
Adjusted income from railway operations | $ | 4,146 | ||||||||
Operating ratio | 66.4 % | |||||||||
Effect of railway line sales Effect of Effect of restructuring and other charges | ( ( | |||||||||
Adjusted operating ratio | 65.8 % | |||||||||
Diluted earnings per share | $ | 11.57 | ||||||||
Effect of railway line sales Effect of favorable deferred tax benefit Effect of | (1.44) (0.12) 1.09 | |||||||||
Effect of restructuring and other charges | 0.55 | |||||||||
Effect of shareholder advisory costs | 0.20 | |||||||||
Adjusted diluted earnings per share | $ | 11.85 | ||||||||
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SOURCE Norfolk Southern Corporation
FAQ
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