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

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

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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4Q22 EPS of $2.10 Full Year 2022 EPS of $27.07 Full Year 2022 Net Income and EBITDA of $1,063.9 million and $1,526.2 million, respectively Year-over-year decrease in 4Q22 consolidated operating income driven primarily by lower contribution from China service Repurchased approximately 1.5 million shares and 5.0 million shares in 4Q22 and full year 2022, respectively HONOLULU , Feb. 21, 2023 /PRNewswire/ -- Matson, Inc. ("Matson" or the "Company") (NYSE: MATX), a leading U.S. carrier in the Pacific, today reported net income of $78.0 million, or $2.10 per diluted share, for the quarter ended December 31, 2022.  Net income for the quarter ended December 31, 2021 was $394.5 million, or $9.39 per diluted share.

MATSON, INC. ANNOUNCES FOURTH QUARTER AND FULL YEAR 2022 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) Q4 Earnings Expected to Decline

HONOLULU , Jan. 31, 2023 /PRNewswire/ -- Matson, Inc. (NYSE: MATX) announced today that Joel Wine, Executive Vice President and Chief Financial Officer, will be attending the Stifel 2023 Transportation & Logistics Conference to be held on February 7, 2023 in Amelia Island, Florida.  Matson will provide access to the presentation slides on its website on February 7, 2023.

MATSON TO PARTICIPATE AT STIFEL 2023 TRANSPORTATION & LOGISTICS CONFERENCE

HONOLULU , Jan. 26, 2023 /PRNewswire/ -- The Board of Directors of Matson, Inc. (NYSE: MATX), a leading U.S. carrier in the Pacific, today declared a first quarter dividend of $0.31 per common share. The dividend will be paid on March 2, 2023 to all shareholders of record as of the close of business on February 9, 2023.

MATSON ANNOUNCES QUARTERLY DIVIDEND OF $0.31 PER SHARE

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Ocean-freight shipping company Matson Inc. MATX, +0.13% on Wednesday reported a preliminary fourth-quarter profit that was below expectations, as a drop-off in demand for goods leads to a drop-off in demand for the companies that ship them on the water. The Honolulu-based company, whose container ships and other vessels sail between the West Coast and Asia, said it expected to earn between $1.88 and $2.01 a share for the fourth quarter.

Weaker shipping demand hits ocean-freight shipper Matson's fourth-quarter profit expectations

Expects 4Q22 operating income for Ocean Transportation to be $70.0 to $80.0 million Expects 4Q22 operating income for Logistics to be $12.0 to $13.0 million Expects 4Q22 net income and diluted EPS to be $69.9 to $74.8 million and $1.88 to $2.01, respectively Year-over-year decrease in consolidated operating income driven primarily by lower contribution from China service Repurchased approximately 1.5 million shares in 4Q22 Announces fourth quarter earnings call date on February 21, 2023 HONOLULU , Jan. 18, 2023 /PRNewswire/ -- Matson, Inc. ("Matson" or the "Company") (NYSE: MATX) today announces preliminary fourth quarter financial results, provides a business update and announces that its fourth quarter earnings call will be held on February 21, 2023. "Matson's Ocean Transportation and Logistics business segments performed well in a difficult business environment," said Chairman and Chief Executive Officer Matt Cox.

MATSON ANNOUNCES PRELIMINARY 4Q22 RESULTS, PROVIDES BUSINESS UPDATE AND ANNOUNCES 4Q22 EARNINGS CALL DATE

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Matson's lower earnings partly contributed to the company's termination of its temporary CCX service in the beginning of Q3 2022. Matson saw its Hawaii container volume decline by 7.1% (YoY) even as its Alaska volume increased by 10.6%.

Matson: Raises CapEx In Vessel Constructions And LNG To Grow Revenue

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HONOLULU , Nov. 8, 2022 /PRNewswire/ -- Matson, Inc. (NYSE: MATX) announced today that Matt Cox, Chairman and Chief Executive Officer, and Joel Wine, Executive Vice President and Chief Financial Officer, will present an overview of the Company and respond to questions at the Stephens 2022 Annual Investment Conference to be held on November 15, 2022 in Nashville, Tennessee.  Matson will provide access to the presentation slides on its website on November 15, 2022.

MATSON TO PARTICIPATE AT STEPHENS 2022 ANNUAL INVESTMENT CONFERENCE

Matson, Inc. (NYSE:MATX ) Q3 2022 Earnings Conference Call November 2, 2022 4:30 PM ET Company Participants Lee Fishman - Senior Director of Investor Relations Matthew Cox - Chairman and Chief Executive Officer Joel Wine - Executive Vice President and Chief Financial Officer Conference Call Participants Jack Atkins - Stephens Macalla Rogers - Stifel Operator Good day and thank you for standing by. Welcome to the Matson Third Quarter 2022 Financial Results Conference Call.

Matson, Inc. (MATX) Q3 2022 Earnings Call Transcript

$1 Billion investment part of long-term decarbonization strategy HONOLULU , Nov. 2, 2022 /PRNewswire/ -- Matson, Inc. ("Matson"; NYSE: MATX) today announced that its subsidiary, Matson Navigation Company, Inc., a leading U.S. carrier in the Pacific, has signed contracts with Philly Shipyard Inc. to build three new 3,600 TEU* Aloha Class containerships for an aggregate price of approximately $1 billion. The first vessel is expected to be delivered in the fourth quarter of 2026 with subsequent deliveries in 2027.

MATSON TO ADD THREE LNG-POWERED ALOHA CLASS CONTAINERSHIPS

3Q22 EPS of $6.89 3Q22 Net Income and EBITDA of $266.0 million and $377.4 million, respectively Year-over-year decrease in consolidated operating income driven primarily by lower volume in China service Repurchased approximately 1.1 million shares in 3Q22 Signed $1 billion in vessel construction contracts for three new LNG-ready Aloha Class containerships HONOLULU , Nov. 2, 2022 /PRNewswire/ -- Matson, Inc. ("Matson" or the "Company") (NYSE: MATX), a leading U.S. carrier in the Pacific, today reported net income of $266.0 million, or $6.89 per diluted share, for the quarter ended September 30, 2022.  Net income for the quarter ended September 30, 2021 was $283.2 million, or $6.53 per diluted share.

MATSON, INC. ANNOUNCES THIRD QUARTER 2022 RESULTS

HONOLULU , Nov. 1, 2022 /PRNewswire/ -- Matson, Inc. (NYSE: MATX) announced today that Joel Wine, Executive Vice President and Chief Financial Officer, will be attending the Baird 2022 Global Industrial Conference to be held on November 8, 2022 in Chicago, Illinois.  Matson will provide access to the presentation slides on its website on November 8, 2022.

MATSON TO PARTICIPATE AT BAIRD 2022 GLOBAL INDUSTRIAL CONFERENCE

Matson (MATX) Earnings Expected to Grow: Should You Buy?

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Expects 3Q22 operating income for Ocean Transportation to be $310.0 to $315.0 million Expects 3Q22 operating income for Logistics to be $19.0 to $20.0 million Expects 3Q22 net income and diluted EPS to be $257.3 to $262.0 million and $6.67 to $6.79, respectively Year-over-year decrease in consolidated operating income driven primarily by lower volume in China service Repurchased approximately 1.1 million shares in 3Q22 Announces third quarter earnings call date on November 2, 2022 HONOLULU , Oct. 17, 2022 /PRNewswire/ -- Matson, Inc. ("Matson" or the "Company") (NYSE: MATX) today announces preliminary third quarter financial results, provides a business update and announces that its third quarter earnings call will be held on November 2, 2022. "Matson's differentiated ocean services performed well in the third quarter 2022, but the Company achieved lower year-over-year consolidated operating income as we saw lower demand for expedited ocean services in the Transpacific tradelane compared to the high levels of freight demand during the pandemic in the year ago period," said Chairman and Chief Executive Officer Matt Cox.

MATSON ANNOUNCES PRELIMINARY 3Q22 RESULTS, PROVIDES BUSINESS UPDATE AND ANNOUNCES 3Q22 EARNINGS CALL DATE

Business today often can't produce what consumers want to buy because supply-chain delays prevent product assemblage. In the often-overlooked marine transport (shipping) realm, Matson currently appears to institutional investors as an underpriced capital-gain opportunity.

Matson: Best Portfolio Wealth-Builder Supply-Chain Component

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Here is What to Know Beyond Why Matson, Inc. (MATX) is a Trending Stock

HONOLULU , Aug. 23, 2022 /PRNewswire/ -- The Board of Directors of Matson, Inc. (NYSE: MATX), a leading U.S. carrier in the Pacific, approved adding three million shares, or approximately eight percent of outstanding common shares, to the existing six million share repurchase program. As of August 22, 2022, the existing share repurchase program had approximately 0.5 million shares remaining.

MATSON ANNOUNCES ADDITION OF 3 MILLION SHARES TO EXISTING SHARE REPURCHASE PROGRAM

Matson (MATX) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.

Is Trending Stock Matson, Inc. (MATX) a Buy Now?

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