Norfolk Southern (NSC) Q1 FY25 earnings call

Norfolk Southern demonstrated operational resilience in Q1 FY25, navigating severe winter weather and absorbing $35 million in storm costs while still delivering 8% adjusted EPS growth and 200 basis points of OR improvement. The company reiterated its full-year guidance for 3% revenue growth and 150 basis points of OR improvement, backed by strong productivity momentum and commercial agility. Management acknowledged macroeconomic uncertainties and potential tariff impacts but expressed confidence in their ability to control costs and gain market share through improved service.