What is the main purpose of this 8-K filing?

The main purpose of this 8-K filing is to report Norfolk Southern Corporation's financial results for the second quarter of 2006, as detailed in a press release attached as an exhibit.

Why is Norfolk Southern using non-GAAP measures?

Management believes that presenting net income and diluted earnings per share excluding these specific items provides a more indicative view of the company's core operating results for comparison to prior periods and to other companies in the industry. They plan to use these measures for ongoing comparisons.

Where can I find the actual financial results for the second quarter?

The actual financial results for the second quarter are detailed in the press release filed as Exhibit 99 to this 8-K. Investors would need to refer to that exhibit for the specific numbers.

NSC 8-K: Earnings & Results & Regulation FD

Q: What are the non-GAAP financial measures mentioned in the report?

The report mentions that Norfolk Southern is using non-GAAP financial measures that exclude the financial impact of Ohio tax legislation and settlements from two coal rate cases. These are used for comparative purposes with the second quarter and first six months of 2005 and 2006.

Summary

Norfolk Southern Corporation (NSC) filed an 8-K on July 26, 2006, primarily to announce its second quarter 2006 financial results via a press release, attached as Exhibit 99. The report highlights the company's use of non-GAAP financial measures for reporting purposes, which exclude the impacts of Ohio tax legislation and settlements from two coal rate cases. These adjusted figures are presented to provide a clearer comparison to prior periods and other industry players.

Key Highlights

1Announcement of Second Quarter 2006 financial results through an issued press release.
2The press release is filed as Exhibit 99 to this 8-K filing.
3Norfolk Southern is utilizing non-GAAP financial measures in its reporting.
4Excluded items in non-GAAP reporting include effects from Ohio tax legislation.
5Also excluded are settlements from two coal rate cases.
6These non-GAAP measures are intended for comparative analysis against prior periods and industry peers.
7Management believes these adjusted measures offer a better indication of operating results.

NORFOLK SOUTHERN CORP 8-K Report, Financial Results (Jul 26, 2006)

Summary

Key Highlights

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