Norfolk Southern Q4 EPS rises 39% to $3.23 as revenue dips 2% to $3.0 billion
Norfolk Southern reported fourth-quarter 2024 diluted earnings per share of $3.23, up 39% from $2.32 a year earlier, on railway operating revenue of $3.0 billion, down 2%. For full-year 2024, diluted EPS was $11.57, up 44%, while revenue was $12.1 billion, down $33 million. Results include charges and gains tied to the Eastern Ohio incident, restructuring, and railway line sales, and the company also presented adjusted figures that exclude them.
Key points
- Q4 2024 income from railway operations was $1.1 billion, up 40% from Q4 2023; adjusted Q4 diluted EPS was $3.04, up 7%.
- Full-year 2024 operating ratio was 66.4%, compared with 76.5% in 2023; adjusted operating ratio was 65.8%.
- Restructuring and other charges totaled $183 million for 2024, and Eastern Ohio incident expenses were $325 million net of insurance recoveries.
- The company repurchased no shares under its stock repurchase program in 2024, compared with $627 million of repurchases in 2023.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:42 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on January 29, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.