ATLANTA, Oct. 24, 2024 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) is uniting a diverse group of industry leaders and stakeholders to form its Customer Advisory Board. The new initiative aims to deepen the company's engagement with key voices from the industries it serves and leverage their invaluable insights to further enhance its customer experience.The railroad will incorporate strategic guidance and feedback on its operations and customer service practices as part of Norfolk Southern's com ...

ATLANTA, Oct. 24, 2024 /PRNewswire/ -- Southern Company Gas today announced that Myra Bierria has been named senior vice president and chief administrative officer, effective Oct. 26. A member of the company's Management Council, Bierria will report directly to Chairman, President and Chief Executive Officer James Y. (Jim) Kerr II and serve as Kerr's chief of staff, with responsibility for the Corporate Communications, Corporate Impact and Facilities organizations.Southern Company Gas Names Myra Bierria Sen ...

The Southern Company (SO) is set to release third-quarter results on Oct. 31. The current Zacks Consensus Estimate for the to-be-reported quarter is a profit of $1.34 per share on revenues of $7.2 billion.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.Let’s delve into the factors that might have influenced the power supplier’s performance in the September quarter. But it’s worth taking a look at Southern Company’s previous-quarter results first.Highlights of Q2 Earnings & Surprise Hi ...

Project marks first time blockchain technology has been applied to a mass timber projectATLANTA, Oct. 24, 2024 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC), today announced it would provide timber for the construction of a Department of Forestry and Environmental Conservation building project at Clemson University. The majority of the wood used for the state-of-the-art building will be longleaf pine harvested from the Brosnan Forest, a 14,400-acre timber and wildlife preserve near Charleston, S. ...

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Several analysts revised the price target on Norfolk Southern Corporation NSC following third quarter results.On Tuesday, Norfolk Southern reported adjusted earnings of $3.25 per share, beating analyst estimates of $3.11 per share.The company said it remains on track to achieve its adjusted operating ratio targets for the second half and full year of 2024.RBC Capital Markets analyst Walter Spracklin raised the price target to $282 from $272 while maintaining the Outperform rating.The analyst writes that the ...

ATLANTA, Oct. 23, 2024 /PRNewswire/ -- Southern Company today announced the retirement of Martin B. Davis as executive vice president and chief information officer, effective April 1, 2025.Southern Company announced the retirement of Martin B. Davis as executive vice president and chief information officer, effective April 1, 2025."Martin has served this company with the utmost distinction," said chairman, president and CEO Chris Womack. "His leadership fostered greater advancement and alignment of the info ...

COLDWATER, Mich., Oct. 23, 2024 (GLOBE NEWSWIRE) -- Southern Michigan Bancorp, Inc. (OTC Pink: SOMC) announced third quarter net income of $2,586,000, or $0.57 per share, compared to net income of $2,767,000, or $0.61 per share, for the third quarter of 2023. For the first nine months of 2024, Southern earned $7,751,000 or $1.70 per share, compared with $8,468,000 or $1.86 per share, for the same nine-month period one year ago.   John R. Waldron, President and Chief Executive Officer of Southern Michigan Ba ...

Core Insights - The Southern Company's largest electric subsidiary, Georgia Power, has received $160 million in funding from the Department of Energy under the Grid Resilience and Innovation Partnerships Program to enhance grid resilience and reliability [1][2]. Group 1: Funding and Objectives - The funding aims to support grid resilience against extreme weather, improve grid flexibility, and ensure affordable electricity access across American communities [1]. - Investments will focus on integrating new technologies into the power grid, enhancing efficiency, and facilitating the transmission of renewable energy [2]. Group 2: Technological Enhancements - New technologies to be deployed include dynamic line rating and reconductoring high-voltage power lines, which will increase existing power transmission capacity [2]. - These enhancements are expected to reduce the frequency and duration of power outages [2]. Group 3: Community Collaboration - Georgia Power plans to collaborate with local organizations to share insights and best practices, providing training for the installation of new transmission conductors [3]. - The project is anticipated to yield benefits such as environmental improvements, clean energy transmission, and job creation [3]. Group 4: Company Overview and Market Position - The Southern Company serves approximately nine million customers through its seven electric and natural gas distribution units and currently holds a Zacks Rank 3 (Hold) [4]. - Other utility companies with better rankings include DTE Energy Company, Ameren Corporation, and American Electric Power Company, each carrying a Zacks Rank 2 (Buy) [4][5].

Norfolk Southern Corporation’s (NSC) third-quarter 2024 earnings (excluding $1.6 from non-recurring items) of $3.25 per share beat the Zacks Consensus Estimate of $3.10 and increased 22.6% year over year, owing to lower costs.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.Railway operating revenues were $3.05 billion in the quarter under review, lagging the Zacks Consensus Estimate of $3.09 billion. The top line increased 2.7% year over year, with the Merchandise and Intermodal segme ...