Norfolk Southern's earnings offer railroad chance to defend its strategy ahead of board vote [Yahoo! Finance]
Norfolk Southern Corporation (NSC)
Last norfolk southern corporation earnings: 4/29 08:00 am
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nscorp.com/content/nscorp/en/investor-relations.html
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Source: Yahoo! Finance
Since the railroad already preannounced its disappointing results earlier this month when it disclosed a $600 million settlement over the disastrous February 2023 Ohio derailment there were few surprises in Wednesday's numbers. Norfolk Southern confirmed the $53 million, or 23 cents per share, that it earned in the first quarter. Without the settlement and some other one-time costs, the railroad said it would have made $2.39 per share while Wall Street was predicting earnings of $2.60 per share. The Atlanta-based railroad's profit was down from $466 million, or $2.04 per share, a year ago even though the railroad delivered 4% more shipments during the quarter. The railroad and Ancora Holdings disagree over whether Shaw 's strategy of keeping more workers on hand during a downturn to be ready to handle the eventual rebound is the best way to run Norfolk Southern and whether he is the best man to lead the railroad. The way Ancora wants to run the railroad reminds the investors' CE
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News
- What Maersk's 2024 Outlook Says About Container Shipping [Yahoo! Finance]Yahoo! Finance
- Jim Barber, Former UPS COO and Member of Ancora's Slate, Sends Letter to Norfolk Southern Shareholders Ahead of May 9th Annual Meeting [Yahoo! Finance]Yahoo! Finance
- Jim Barber, Former UPS COO and Member of Ancora’s Slate, Sends Letter to Norfolk Southern Shareholders Ahead of May 9th Annual MeetingBusiness Wire
- All Three Leading Independent Proxy Advisory Firms Recommend Norfolk Southern Shareholders Vote "FOR" Significant Boardroom Change on the BLUE Proxy Card [Yahoo! Finance]Yahoo! Finance
- All Three Leading Independent Proxy Advisory Firms Recommend Norfolk Southern Shareholders Vote “FOR” Significant Boardroom Change on the BLUE Proxy CardBusiness Wire
NSC
Earnings
- 4/24/24 - Miss
NSC
Sec Filings
- 5/3/24 - Form DFAN14A
- 5/3/24 - Form DEFA14A
- 5/2/24 - Form DFAN14A
- NSC's page on the SEC website