Norfolk Southern (NSC) Revenue — Quarter Ended Jun 30, 2023
Revenue declined in the current quarter compared with both the prior quarter and the same quarter a year earlier. The decrease reflects lower railway operating revenues.
Key takeaway
Quarter ended Jun 30, 2023 · FY2023 Q2
Revenue declined in the current quarter compared with both the prior quarter and the same quarter a year earlier. The decrease reflects lower railway operating revenues.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$3B
Revenue reported for this quarter.
Quarter-over-quarter
-4.9%
Change from the immediately preceding quarter.
Year-over-year
-8.3%
Change from the comparable year-ago quarter.
Trailing four quarters
$12.7B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Sep 30, 2022 | $3.3B | +17.2% |
| Dec 31, 2022 | $3.2B | +13.5% |
| Mar 31, 2023 | $3.1B | +7.4% |
| Jun 30, 2023 | $3B | -8.3% |
Revenue performance
The reported revenue moved downward from the immediately preceding quarter. The year-over-year comparison also showed a decline.
Quarterly comparison
Revenue was lower than in the prior quarter and also lower than in the same quarter one year ago. The sequential and annual comparisons both indicate a contraction.
What to watch
The filing context mentions an Eastern Ohio incident expense, which may warrant attention in future quarters.