Matson

Matson, Inc. is a holding company, which engages in the provision of logistics and transportation services. It operates through the Ocean Transportation and Logistics segments. The Ocean Transportation segment offers ocean freight transportation, container stevedoring, refrigerated cargo services, inland transportation, and other terminal services. The Logistics segment includes domestic and international rail intermodal services, regional highway brokerage, specialized hauling, expedited freight operations, supply chain management, storage, and distribution services. The company was founded in 1882 by William Matson and is headquartered in Honolulu, HI.

Earnings data Q1 2021

Earnings data Q2 2021

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Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Matson maintains financial stability amidst volume challenges, eyes post-pandemic growth

Matson's Q4 2022 performance reflected challenges in container volumes but maintained financial stability and shareholder returns.
The company faces short-term uncertainties but anticipates improved trade dynamics and growth opportunities post-pandemic.
With a focus on competitive rates, financial strength, and strategic opportunities, Matson aims for sustained performance and shareholder value.
Investors advised to evaluate future performance based on volume and price assumptions rather than fixed margins for a comprehensive analysis.

Matson maintains resilience amidst lower volumes and freight rates

Matson's Q1 2023 performance showcased resilience in challenging market conditions, with a focus on cost efficiency and operational excellence. While facing lower volumes and freight rates in certain services, the company remains vigilant in managing expenses and exploring growth opportunities. Challenges include revenue declines in joint ventures and the need to navigate potential costly charter swaps.

Matson faces challenges but anticipates improved performance and growth

Matson navigated challenges in Q2 2023 but showcased strengths in achieving rate premiums and stable demand for its services.
The company anticipates improved performance in the second half of 2023, especially in Hawaii, and expects higher consolidated operating income.
Despite lower volumes in various segments, Matson's positive outlook on performance and potential earnings generation signal resilience and growth.
Opportunities in China services, Hawaii's economy, and financial strategies position Matson for future success and value creation.

Matson reports resilient Q3 performance amidst economic challenges

Matson navigated challenging economic conditions in Q3 2023, with strengths in China service and Hawaii container volume. Despite facing challenges like lower operating income and decreased container volumes in Guam and Alaska, the company remains focused on shareholder returns and anticipates improved performance in the upcoming quarters.

Matson reports robust Q4 performance, eyes growth amid regional challenges

Matson demonstrated strong performance in Ocean Transportation and Logistics but faced challenges in certain regional container volumes.
Opportunities lie in the predicted growth of Hawaii's economy, increased volume in Guam, and stable consumer spending for 2024.
Challenges include lower operating income expectations for Q1 2024 and declines in Hawaii container volume.

Matson reports steady Q1 performance, raises outlook for 2024

Matson's Q1 2024 performance was marked by stable Ocean Transportation, challenges in Logistics, and an overall slight decrease in consolidated operating income. However, raised full-year outlook, increased contributions from SSAT, and positive net income growth indicate resilience and potential for growth.

Matson reports robust Q2 performance, eyes China growth amid challenges

Matson's Q2 2024 earnings call highlighted strong performance in key segments, with a focus on the China service driving operating income growth. While facing challenges in certain regional volumes, the company remains optimistic about long-term opportunities and strategic initiatives to drive growth and profitability.

Matson reports robust Q3 earnings, eyes China growth and fleet expansion

Matson's Q3 performance reflects robust growth in operating income, strategic capital management, and diversified revenue streams.
While facing challenges in certain regional container volumes, Matson's focus on shareholder value and operational efficiency positions it well for future growth.
Opportunities lie in optimizing China service operations, fleet modernization, and enhancing market positioning through differentiated value propositions.
Overall, Matson's strong financial performance, commitment to shareholders, and strategic initiatives bode well for its future growth and competitiveness.

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If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, Matson (MATX) could be a great choice. It is one of the several stocks that passed through our 'Fast-Paced Momentum at a Bargain' screen.

Looking for a Fast-paced Momentum Stock at a Bargain? Consider Matson (MATX)

Matson, Inc. has seen a decline in shipped volume over the past year, most likely due to customer product purchase decreases. The pandemic-era shipping boom drove Matson fundamentals much higher than previously normal levels before Covid. Global instability and trade wars could pose a potential threat to Matson shipping lanes and volume in the future.

Matson And Its Real Value

Matson, Inc. (NYSE:MATX ) Q2 2023 Earnings Conference Call August 1, 2023 4:30 PM ET Company Participants Lee Fishman - Investor Relations Matt Cox - Chairman and Chief Executive Officer Joel Wine - Executive Vice President and Chief Financial Officer Conference Call Participants Ben Nolan - Stifel Jack Atkins - Stephens Inc. Jacob Lacks - Wolfe Research Operator Good day and thank you for standing by. Welcome to the Matson Conference Call.

Matson, Inc. (MATX) Q2 2023 Earnings Call Transcript

Matson (MATX) came out with quarterly earnings of $2.26 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $9.49 per share a year ago.

Matson (MATX) Meets Q2 Earnings Estimates

2Q23 EPS of $2.26 2Q23 Net Income and EBITDA of $80.8 million and $140.5 million, respectively Year-over-year decrease in 2Q23 consolidated operating income driven primarily by lower contribution from China service Repurchased approximately 0.6 million shares in 2Q23 HONOLULU , Aug. 1, 2023 /PRNewswire/ -- Matson, Inc. ("Matson" or the "Company") (NYSE: MATX), a leading U.S. carrier in the Pacific, today reported net income of $80.8 million, or $2.26 per diluted share, for the quarter ended June 30, 2023.  Net income for the quarter ended June 30, 2022 was $380.7 million, or $9.49 per diluted share.

MATSON, INC. ANNOUNCES SECOND QUARTER 2023 RESULTS

Matson (MATX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Matson (MATX) Q2 Earnings Expected to Decline

HONOLULU , July 24, 2023 /PRNewswire/ -- Matson, Inc. (NYSE: MATX), a leading U.S. carrier in the Pacific, has published its 2022 Sustainability Report, which describes the company's progress toward achieving its environmental, social and governance (ESG) goals. The report also provides detailed information on the company resources and attention focused on upholding high ethical standards; reducing environmental impact; and supporting the wellbeing of its employees and communities.

MATSON PUBLISHES 2022 SUSTAINABILITY REPORT

Matson (MATX) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.

Matson (MATX) Stock Jumps 7.6%: Will It Continue to Soar?

Matson, Inc stock rallied on Friday after the US liner operator and shipowner revealed preliminary second-quarter earnings that showed analysts may have been too pessimistic about its earnings performance.  Honolulu, Hawaii-based Matson guided investors to expect 2Q net income and diluted earnings per share (EPS) to be $76.3 to $81.5 million and $2.14 to $2.28, respectively.

Matson stock buoyed by better-than-expected earnings guidance

Expects 2Q23 operating income for Ocean Transportation to be $78.0 to $83.0 million Expects 2Q23 operating income for Logistics to be $13.5 to $14.5 million Expects 2Q23 net income and diluted EPS to be $76.3 to $81.5 million and $2.14 to $2.28, respectively Year-over-year decrease in consolidated operating income driven primarily by lower contribution from China service Repurchased approximately 0.6 million shares in 2Q23 Announces second quarter earnings call date on August 1, 2023 HONOLULU , July 20, 2023 /PRNewswire/ -- Matson, Inc. ("Matson" or the "Company") (NYSE: MATX) today announces preliminary second quarter financial results, provides a business update and announces that its second quarter earnings call will be held on August 1, 2023. "Matson's Ocean Transportation and Logistics business segments performed well despite a challenging business environment and sluggish economic growth," said Chairman and Chief Executive Officer Matt Cox.

MATSON ANNOUNCES PRELIMINARY 2Q23 RESULTS, PROVIDES BUSINESS UPDATE AND ANNOUNCES 2Q23 EARNINGS CALL DATE

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Matson (MATX) has a solid dividend growth track record over the past five years.

Matson (MATX) Rewards Shareholders With 3.2% Dividend Hike

HONOLULU , June 22, 2023 /PRNewswire/ -- The Board of Directors of Matson, Inc. (NYSE: MATX), a leading U.S. carrier in the Pacific, today declared a third quarter dividend of $0.32 per common share.  The dividend represents a one-cent, or 3.2%, increase over the previous quarter's dividend and will be paid on September 7, 2023 to all shareholders of record as of the close of business on August 3, 2023.

MATSON INCREASES QUARTERLY DIVIDEND TO $0.32 PER SHARE

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Matson, Inc. (NYSE:MATX ) Q1 2023 Earnings Conference Call May 4, 2023 4:30 PM ET Company Participants Lee Fishman – Investor Relations Matt Cox – Chairman and Chief Executive Officer Joel Wine – Executive Vice President and Chief Financial Officer Conference Call Participants Jack Atkins – Stephens Jake Lacks – Wolfe Research Ben Nolan – Stifel Operator Good day and thank you for standing by. Welcome to the Matson First Quarter 2023 Financial Results Conference Call.

Matson, Inc. (MATX) Q1 2023 Earnings Call Transcript

Matson (MATX) came out with quarterly earnings of $0.94 per share, beating the Zacks Consensus Estimate of $0.89 per share. This compares to earnings of $8.23 per share a year ago.

Matson (MATX) Q1 Earnings Beat Estimates

1Q23 EPS of $0.94 1Q23 Net Income and EBITDA of $34.0 million and $81.7 million, respectively Year-over-year decrease in 1Q23 consolidated operating income driven primarily by lower contribution from China service Repurchased approximately 0.7 million shares in 1Q23 HONOLULU , May 4, 2023 /PRNewswire/ -- Matson, Inc. ("Matson" or the "Company") (NYSE: MATX), a leading U.S. carrier in the Pacific, today reported net income of $34.0 million, or $0.94 per diluted share, for the quarter ended March 31, 2023.  Net income for the quarter ended March 31, 2022 was $339.2 million, or $8.23 per diluted share.

MATSON, INC. ANNOUNCES FIRST QUARTER 2023 RESULTS

HONOLULU , April 27, 2023 /PRNewswire/ -- The Board of Directors of Matson, Inc. (NYSE: MATX), a leading U.S. carrier in the Pacific, approved adding three million shares to the existing nine million share repurchase program and extending the program to December 31, 2025. As of April 26, 2023, the existing share repurchase program had approximately 0.7 million shares remaining.

MATSON ANNOUNCES ADDITION OF 3 MILLION SHARES TO EXISTING SHARE REPURCHASE PROGRAM AND QUARTERLY DIVIDEND OF $0.31 PER SHARE

Earnings Preview: Matson (MATX) Q1 Earnings Expected to Decline

Expects 1Q23 operating income for Ocean Transportation to be $23.0 to $28.0 million Expects 1Q23 operating income for Logistics to be $10.0 to $11.0 million Expects 1Q23 net income and diluted EPS to be $29.3 to $33.8 million and $0.81 to $0.93, respectively Year-over-year decrease in consolidated operating income driven primarily by lower contribution from China service Repurchased approximately 0.7 million shares in 1Q23 Announces first quarter earnings call date on May 4, 2023 HONOLULU , April 19, 2023 /PRNewswire/ -- Matson, Inc. ("Matson" or the "Company") (NYSE: MATX) today announces preliminary first quarter financial results, provides a business update and announces that its first quarter earnings call will be held on May 4, 2023. "Despite being down from the extraordinary pandemic driven demand level over the last two years, Matson's Ocean Transportation and Logistics business segments performed well in a challenging business environment," said Chairman and Chief Executive Officer Matt Cox.

MATSON ANNOUNCES PRELIMINARY 1Q23 RESULTS, PROVIDES BUSINESS UPDATE AND ANNOUNCES 1Q23 EARNINGS CALL DATE

Matson (MATX) delivered earnings and revenue surprises of 6.60% and 1.21%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Matson (MATX) Q4 Earnings Surpass Estimates

Matson, Inc. (NYSE:MATX ) Q4 2022 Earnings Conference Call February 21, 2023 4:30 PM ET Company Participants Lee Fishman - Senior Director of IR Matthew Cox - Chairman and CEO Joel Wine - EVP and CFO Conference Call Participants Jack Atkins - Stephens Jacob Lacks - Wolfe Research Operator Good day and thank you for standing by. Welcome to the Matson Fourth Quarter 2022 Financial Results Conference Call.

News for Matson Stock (MATX)