(Source: Norfolk Southern press release, January 29, 2025)
On January 29, 2025, Norfolk Southern Corporation its fourth quarter and full-year 2024 financial results. For the quarter, revenue was $3.0 billion, income from railway operations was $1.1 billion, operating ratio was 62.6%, and diluted earnings per share were $3.23. For full-year 2024, revenue was $12.1 billion, income from railway operations was $4.1 billion, operating ratio was 66.4%, and diluted earnings per share were $11.57.
Full Year Summary
- Railway operating revenues of $12.1 billion, down $33 million, compared to full year 2023.
- Excluding the impact of lower fuel surcharge revenue, railway operating revenues were $11.2 billion, up $228 million, or 2%, on volume growth of 5% compared to the full year 2023.
- Income from railway operations was $4.1 billion, an increase of $1.2 billion, or 43%, compared to full year 2023.
- Adjusting for the impact of railway line sales, restructuring and other charges, and the Eastern Ohioincident, income from railway operations was $4.1 billion, up $179 million, or 5%, compared to adjusted 2023.
- Operating ratio in 2024 was 66.4%, an improvement of 1,010 basis points, compared to 76.5% 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 was 67.4%.
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