Norfolk Southern Corp (NSC) SEC Filing 10-Q Quarterly report for the period ending Sunday, September 30, 2018

Norfolk Southern Corp

CIK: 702165 Ticker: NSC


Norfolk Southern reports third-quarter 2018 results

Third-quarter records for operating income, operating ratio, net income and earnings per share

NORFOLK, Va., Oct. 24, 2018 – Norfolk Southern Corporation (NYSE: NSC) today reported record third-quarter financial results.

Net income was $702 million, up 39 percent year-over-year, a result of a 14 percent increase in income from railway operations and a lower effective income tax rate. Diluted earnings per share were $2.52, up 44 percent year-over-year and a third-quarter record.

“Norfolk Southern continues to deliver record financial results that reflect our careful and determined pursuit of a balanced and flexible strategy,” said James A. Squires, Norfolk Southern chairman, president and CEO. “Our demonstrated progress toward the goals of our strategic plan is significant, and our ongoing pursuit of new initiatives to benefit customers and shareholders will further strengthen our organization.”

Third-quarter summary

Railway operating revenues of $2.9 billion increased 10 percent compared with third-quarter 2017, due to higher volumes and an increase in revenue per unit, including higher fuel surcharge revenue as well as increased rates. Overall volumes were up 5 percent reflecting growth in the major commodity categories of intermodal and merchandise, which offset a decline in coal.

Railway operating expenses increased $152 million, or 9 percent, to $1.9 billion compared with the same period last year, driven by higher fuel prices, increases in volume-related expenses, and increased costs associated with overall lower network velocity.

Income from railway operations was $1.0 billion, a 14 percent increase year-over-year, and a third-quarter record. The railway operating ratio, or operating expenses as a percentage of revenues, was 65.4 percent, also a third-quarter record.

About Norfolk Southern
Norfolk Southern Corporation (NYSE: NSC) is one of the nation’s premier transportation companies. Its Norfolk Southern Railway Company subsidiary operates approximately 19,500 route miles in 22 states and the District of Columbia, serves every major container port in the

The following information was filed by Norfolk Southern Corp (NSC) on Wednesday, October 24, 2018 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Inside Norfolk Southern Corp's 10-Q Quarterly Report:

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Document And Entity Information
Consolidated Balance Sheets (Parenthetical)
Consolidated Balance Sheets (Unaudited)
Consolidated Statements Of Cash Flows (Unaudited)
Consolidated Statements Of Comprehensive Income (Unaudited)
Consolidated Statements Of Income (Unaudited)
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Loss (Details)
Accumulated Other Comprehensive Loss (Tables)
Accumulated Other Comprehensive Loss - Narrative (Details)
Commitments And Contingencies
Commitments And Contingencies (Details)
Debt (Details)
Earnings Per Share
Earnings Per Share (Details)
Earnings Per Share (Tables)
Earnings Per Share - Antidilutive Securities Excluded From Computation Of Earnings Per Share (Details)
Fair Value Of Financial Instruments
Fair Value Of Financial Instruments (Schedule Of Carrying Amounts And Estimated Fair Values) (Details)
Fair Value Of Financial Instruments (Schedule Of Fair Value Of Long-Term Assets And Liabilities) (Details)
Fair Value Of Financial Instruments (Tables)
Investments (Details)
New Accounting Pronouncements
New Accounting Pronouncements - Adjustments For New Accounting Pronouncements (Narrative) (Details)
Pensions And Other Postretirement Benefits
Pensions And Other Postretirement Benefits (Details)
Pensions And Other Postretirement Benefits (Tables)
Pensions And Other Postretirement Benefits - Narrative (Details)
Railway Operating Revenues
Railway Operating Revenues (Details)
Railway Operating Revenues (Tables)
Railway Operating Revenues - Schedule Of Account Receivables (Details)
Stock Repurchase Programs
Stock Repurchase Programs (Details)
Stock-Based Compensation
Stock-Based Compensation (Narrative) (Details)
Stock-Based Compensation (Schedule Of Grants And Weighted-Average Grant-Date Fair Values) (Details)
Stock-Based Compensation (Schedule Of Options Exercised, Cash Received, And Related Tax Benefits) (Details)
Stock-Based Compensation (Schedule Of Psu Activity) (Details)
Stock-Based Compensation (Schedule Of Rsu Activity) (Details)
Stock-Based Compensation (Schedule Of Stock-Based Compensation Expense And Related Tax Benefits) (Details)
Stock-Based Compensation (Tables)

Material Contracts, Statements, Certifications & more

Norfolk Southern Corp provided additional information to their SEC Filing as exhibits

Ticker: NSC
CIK: 702165
Form Type: 10-Q Quarterly Report
Accession Number: 0000702165-18-000057
Submitted to the SEC: Wed Oct 24 2018 11:14:21 AM EST
Accepted by the SEC: Wed Oct 24 2018
Period: Sunday, September 30, 2018
Industry: Railroads Line Haul Operating

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