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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HONOLULU, Feb. 17, 2022 /PRNewswire/ -- Matson, Inc. ("Matson" or the "Company") (NYSE: MATX), a leading U.S. carrier in the Pacific, today reported net income of $394.5 million, or $9.39 per diluted share, for the quarter ended December 31, 2021.  Net income for the quarter ended December 31, 2020 was $85.6 million, or $1.96 per diluted share.

MATSON, INC. ANNOUNCES FOURTH QUARTER AND FULL YEAR 2021 RESULTS

Upbeat segmental revenues are likely to have aided Matson's (MATX) Q4 performance.

Matson (MATX) to Report Q4 Earnings: What's in the Offing?

Matson (MATX) closed the most recent trading day at $91, moving -0.28% from the previous trading session.

Matson (MATX) Stock Sinks As Market Gains: What You Should Know

Matson (MATX) closed at $91.26 in the latest trading session, marking a +1.45% move from the prior day.

Matson (MATX) Gains As Market Dips: What You Should Know

HONOLULU, Feb. 1, 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 be attending the Stifel Transportation and Logistics Conference to be held virtually on February 8, 2022.  Matson will provide access to the presentation slides on its website on February 8, 2022.

MATSON TO ATTEND STIFEL TRANSPORTATION & LOGISTICS CONFERENCE

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It's still early in the reporting cycle, but initial announcements by ocean carriers point to history-making profits in Q4 2021, trouncing already stratospheric expectations. Supply chain congestion — the bane of cargo shippers — has proven to be an unprecedented money-making machine for carriers.

Container shipping has greatest quarter ever — with more to come

HONOLULU, Jan. 27, 2022 /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 $0.30 per common share.  The dividend will be paid on March 3, 2022 to all shareholders of record as of the close of business on February 10, 2022.

MATSON ANNOUNCES QUARTERLY DIVIDEND OF $0.30 PER SHARE AND THE ADDITION OF 3 MILLION SHARES TO EXISTING SHARE REPURCHASE PROGRAM

HONOLULU, Jan. 19, 2022 /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 17, 2022. "Matson finished off a strong year with continued improvement in economic and business trends in our markets driving solid performance in both Ocean Transportation and Logistics," said Chairman and Chief Executive Officer Matt Cox.

MATSON ANNOUNCES PRELIMINARY 4Q21 RESULTS, PROVIDES BUSINESS UPDATE AND ANNOUNCES 4Q21 EARNINGS CALL DATE

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HONOLULU, Nov. 23, 2021 /PRNewswire/ -- Matson, Inc. (NYSE: MATX) announced today that Joel Wine, Executive Vice President and Chief Financial Officer, will present an overview of the Company and respond to questions at the Stephens Investment Conference in Nashville, Tennessee on December 1, 2021.  Matson will provide access to the presentation slides on its website on December 1, 2021.

Matson To Attend Stephens Investment Conference

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Matson, Inc. (MATX) CEO Matt Cox on Q3 2021 Results - Earnings Call Transcript

Matson (MATX) delivered earnings and revenue surprises of 0.00% and 0.53%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

Matson (MATX) Q3 Earnings Match Estimates

HONOLULU, Nov. 3, 2021 /PRNewswire/ -- Matson, Inc. ("Matson" or the "Company") (NYSE: MATX), a leading U.S. carrier in the Pacific, today reported net income of $283.2 million, or $6.53 per diluted share, for the quarter ended September 30, 2021.  Net income for the quarter ended September 30, 2020 was $70.9 million, or $1.63 per diluted share.

Matson, Inc. Announces Third Quarter 2021 Results

Transportation services provider Matson Inc. on Monday announced additional environmental sustainability goals.  The Honolulu-based company is aiming to reduce fleet-related greenhouse gas emissions by 40% by 2030 and reach net-zero fleet emissions by 2050.

Matson aims for net-zero fleet emissions by 2050

HONOLULU, Nov. 1, 2021 /PRNewswire/ -- Matson, Inc. (NYSE: MATX), a leading U.S. carrier in the Pacific, has published new long-term environmental goals in a Sustainability Report 2020 Supplement that commit the company to reducing fleet greenhouse gas (GHG) emissions by 40 percent by 2030, and achieving net zero fleet GHG emissions by 2050. "We are committed to doing our part in helping the world decarbonize and limit climate change," said Matt Cox, chairman and chief executive officer.

Matson Publishes New Environmental Sustainability Goals

Higher revenues are likely to have boosted Matson's (MATX) Q3 performance.

Matson (MATX) to Report Q3 Earnings: What's in the Offing?

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Matson (MATX) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.

Matson (MATX) Hits Fresh High: Is There Still Room to Run?

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Stifel analyst Benjamin Nolan raised the price targets on marine companies Matson Inc's (NYSE:MATX) and Kirby Corp (NYSE:KEX) and is bullish on the stocks. Nolan upgraded Kirby to Buy from Hold and raised the price target to $65 (implying an upside of 20%), up from $64.

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The demand for shipping from China to the U.S. led to a huge third quarter for Matson Inc., and the company expects the issue to persist well into next year.

The huge demand for shipping from China juiced this company's profit, and it expects much more

HONOLULU, Oct. 11, 2021 /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 3, 2021. "The strong economic and business trends we saw in the second quarter continued in the third quarter resulting in solid performance in both Ocean Transportation and Logistics," said Chairman and Chief Executive Officer Matt Cox.

News for Matson Stock (MATX)