Matson (MATX) came out with quarterly earnings of $5.89 per share, beating the Zacks Consensus Estimate of $4.98 per share. This compares to earnings of $3.40 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 18.27%. A quarter ago, it was expected that this ocean transportation and logistics services company would post earnings of $3.05 per share when it actually produced earnings of $3.31, delivering a surprise of 8.52%.Over th ...

Financial Data and Key Metrics Changes - Consolidated operating income increased by $110.2 million year-over-year to $242.3 million, driven by higher contributions from Ocean Transportation and Logistics [23] - Net income rose by 66.1% year-over-year, and diluted earnings per share increased by 73.2% year-over-year, attributed to a 4.2% decrease in diluted weighted average shares outstanding [24] - Interest income for the quarter was $10.4 million, while interest expense decreased by $0.6 million year-over-year due to a reduction in outstanding debt [24][28] Business Line Data and Key Metrics Changes - In Ocean Transportation, operating income increased significantly due to higher freight rates in China and domestic tradelanes, despite higher vessel operating costs [23] - Logistics operating income rose to $15.4 million, approximately $1.5 million higher than the previous year, primarily due to increased contributions from supply chain management and transportation brokerage [20][23] - Container volume in Hawaii decreased by 2.2% year-over-year, while Alaska's container volume increased by 1.4% year-over-year due to higher retail demand [9][18] Market Data and Key Metrics Changes - Matson's volume in the China service increased by 2.6% year-over-year, supported by strong demand and two additional sailings [11] - Elevated freight rates in Q3 2024 were attributed to a traditional peak season and strong demand, with expectations for rates to be significantly higher than the previous year but lower than Q3 levels [12][15] - Guam's container volume decreased by 9.4% year-over-year due to lower demand from retail and food and beverage segments [16] Company Strategy and Development Direction - The company is focused on delivering a differentiated value proposition compared to air freight, particularly through its CLX and MAX services [15] - Matson has begun construction on three new Aloha Class vessels, expected to enhance capacity in the China service once delivered [34] - The company plans to continue returning excess capital to shareholders through dividends and share repurchases, having repurchased approximately 11 million shares since the program's initiation [27] Management's Comments on Operating Environment and Future Outlook - Management expects consolidated operating income for Q4 2024 to be meaningfully higher year-over-year, driven by elevated freight rates in the China service [29][37] - There are uncertainties regarding the ILA contract renewal and geopolitical conditions that may impact future performance [45][59] - The company remains optimistic about its positioning in the market, particularly in the expedited segment driven by e-commerce growth [53][59] Other Important Information - The company generated cash flow from operations of approximately $704.5 million over the trailing twelve months, with significant allocations towards debt retirement and capital expenditures [25] - Total debt at the end of Q3 was $410.6 million, reflecting a reduction of $30 million year-to-date [28] Q&A Session Summary Question: Rate trends post-peak season - Management expects overall moderation in rates, aligning with traditional seasonal patterns, but anticipates performing well above last year's fourth quarter [42][47] Question: Charter rates and operating margin - The company has extended charters for six ships in the MAX service into 2026 and expects a modest reduction in charter costs in 2025 [48][60] Question: Sustainability of import data - Management believes the robust import data is a combination of pull-forward demand and structural changes, with ongoing strength expected due to e-commerce growth [52][55] Question: Resurrecting CCX - Management is exploring growth opportunities but emphasizes the need for competitive service offerings and available vessels [72][73] Question: E-commerce dynamics - The company sees opportunities in e-commerce as customers may shift from air freight to expedited ocean services, especially with potential changes in tariff structures [76]

Exhibit 99.1 Investor Relations inquiries: News Media inquiries: Justin Schoenberg Keoni Wagner Matson, Inc. Matson, Inc. 510.628.4234 510.628.4534 jschoenberg@matson.com kwagner@matson.com Matson. FOR IMMEDIATE RELEASE MATSON, INC. ANNOUNCES THIRD QUARTER 2024 RESULTS ● 3Q24 EPS of $5.89 versus $3.40 in 3Q23 ● 3Q24 Net Income of $199.1 million versus $119.9 million in 3Q23 ● 3Q24 Consolidated Operating Income of $242.3 million versus $132.1 million in 3Q23 ● 3Q24 EBITDA of $289.4 million versus $175.1 mill ...

Matson (MATX) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #1 (Strong Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices. The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the syste ...

HONOLULU, Oct. 24, 2024 /PRNewswire/ -- The Board of Directors of Matson, Inc. (NYSE: MATX), a leading U.S. carrier in the Pacific, has declared a fourth quarter dividend of $0.34 per common share. The dividend will be paid on December 5, 2024 to all shareholders of record as of the close of business on November 7, 2024.About the CompanyFounded in 1882, Matson (NYSE: MATX) is a leading provider of ocean transportation and logistics services. Matson provides a vital lifeline of ocean freight transportation s ...

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Core Viewpoint - Matson (MATX) has shown strong stock performance, with a 30.1% increase year-to-date, significantly outperforming the Zacks Transportation sector and the Zacks Transportation - Services industry [1][2]. Financial Performance - Matson has consistently exceeded earnings expectations, reporting an EPS of $3.31 against a consensus estimate of $3.05 in its latest earnings report [2]. - For the current fiscal year, Matson is projected to achieve earnings of $11.45 per share on revenues of $3.41 billion, reflecting a 37.74% increase in EPS and a 10.12% increase in revenues [3]. - The next fiscal year forecasts earnings of $9.10 per share on $3.27 billion in revenues, indicating a year-over-year decline of 20.51% in EPS and 4.07% in revenues [3]. Valuation Metrics - Matson's current valuation metrics show a Value Score of A, with Growth and Momentum Scores of B, resulting in a combined VGM Score of A [6]. - The stock trades at 12.5 times the current fiscal year EPS estimates, below the peer industry average of 17.6 times [6]. - On a trailing cash flow basis, Matson trades at 8.6 times compared to the peer group's average of 9.1 times [6]. Zacks Rank - Matson holds a Zacks Rank of 2 (Buy), supported by rising earnings estimates, making it a suitable choice for investors looking for stocks with strong potential [7].

Matson, Inc. (NYSE: MATX ) serves a vital link to the remote and geographically 'cut-off' economies of Hawaii, Alaska, Okinawa, Guam, and other island economies of Micronesia. Through its marine transportation business, the company is one of the few players built up to I specialize in analyzing individual stocks. With a strong educational background in both finance and economics, I've developed a deep fascination with the stock market and the potential it offers to investors at all levels. I keep a close wa ...