Atlanta, GA — Norfolk Southern Corporation today (April 28) reported first-quarter 2021 financial results with net income of $673 million.
Diluted earnings per share was a first-quarter record of $2.66, and the operating ratio improved to an all-time quarterly record of 61.5%.
“Our steadfast commitment to improving productivity and executing our precision scheduled railroading strategy has propelled us to another record operating ratio performance while we grew revenues and earnings in the quarter,” said James A. Squires, Norfolk Southern chairman, president and CEO.
“Our first-quarter results demonstrate our team’s ability to deliver strong performance in the face of significant supply chain disruptions.
"The reopening of the economy provides meaningful tailwinds for continued strength in both the consumer and manufacturing sectors, and our long history of delivering sustainable transportation solutions for customers will continue to drive long-term value for our shareholders, customers, and the communities we serve.”
First-quarter summary
To read the full report, click here.
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