2024-04-24 12:51:05 ET
Norfolk Southern Corporation (NSC)
Q1 2024 Earnings Conference Call
April 24, 2024 08:45 AM ET
Company Participants
Luke Nichols - Senior Director, Investor Relations
Alan H. Shaw - President and CEO
Mark R. George - Executive Vice President and Chief Financial Officer
Ed Elkins - Chief Marketing Officer
John F. Orr - Chief Operating Officer
Conference Call Participants
Brian Ossenbeck - JPMorgan
Scott Group - Wolfe Research
Tom Wadewitz - UBS
Jon Chappell - Evercore ISI
Justin Long - Stephens
Jason Seidl - TD Cowen
Jeff Kauffman - Vertical Research
Stephanie Moore - Jefferies
Jordan Alliger - Goldman Sachs
Walter Spracklin - RBC Capital
David Vernon - Bernstein
Presentation
Operator
Greetings, and welcome to Norfolk Southern Corporation’s First Quarter 2024 Earnings Call. At this time, all participants are in listen-only mode. A brief question-and-answer session will follow the formal presentation. [Operator Instructions] As a reminder, this conference is being recorded.
It’s now my pleasure to introduce Luke Nichols, Senior Director of Investor Relations. Thank you, Mr. Nichols. You may now begin.
Luke Nichols
Thank you, and good morning, everyone. Please note that during today’s call, we will make certain forward-looking statements within the meaning of the Safe Harbor provision of the Private Securities Litigation Reform Act of 1995. These statements relate to future events or future performance of Norfolk Southern Corporation, which are subject to risks and uncertainties and may differ materially from actual results. Please refer to our annual and quarterly reports filed with the SEC for a full discussion of those risks and uncertainties we view as most important.
Our presentation slides are available at norfolksouthern.com in the Investors section, along with a reconciliation of any non-GAAP measures used today to the comparable GAAP measures, including adjusted or non-GAAP operating ratio. Please note that all references to our prospective operating ratio during today’s call are being provided on an adjusted basis as referenced in our earnings release.
Turning to Slide 3, it’s now my pleasure to introduce Norfolk Southern’s President and Chief Executive Officer, Alan Shaw.
Alan H. Shaw
Good morning, everyone, and thank you for joining Norfolk Southern’s first quarter 2024 earnings call. Here with me today are Mark George, our Chief Financial Officer; Ed Elkins, our Chief Marketing Officer; and our new Chief Operating Officer, John Orr.
I am excited to have John on the Norfolk Southern team. John is a 40 year railroad industry veteran and a proven PSR expert, who has worked with Hunter Harrison, Claude Mongeau, and Keith Creel to implement PSR railroads across three countries. I promised you that we would focus on productivity in 2024 and we’re taking action to do just that. Bringing in someone of John’s caliber was another step to accelerate our operational improvement....
Read the full article on Seeking Alpha
For further details see:
Norfolk Southern Corporation (NSC) Q1 2024 Earnings Call Transcript