Company Overview - Matson, Inc. is a leading provider of ocean transportation and logistics services, founded in 1882 [2] - The company offers ocean freight transportation services to Hawaii, Alaska, Guam, and other island economies in Micronesia [2] - Matson operates premium expedited services from China to Long Beach, California, and provides services to Okinawa, Japan, and various South Pacific islands [2] - The fleet includes containerships, combination container and roll-on/roll-off ships, and custom-designed barges [2] - Matson Logistics, established in 1987, extends the company's transportation network throughout North America and Asia, offering integrated logistics services [2] Upcoming Events - Matt Cox, Chairman and CEO of Matson, will attend the Stifel 2025 Transportation & Logistics Conference on February 11, 2025, in Miami, Florida [1] - The company will provide access to presentation slides on its website on the same date [1]

Core Viewpoint - Matson (MATX) has received an upgrade to a Zacks Rank 1 (Strong Buy), indicating a positive outlook on its earnings estimates, which is a significant factor influencing stock prices [1][3]. Earnings Estimates and Revisions - The Zacks Consensus Estimate for Matson for the fiscal year ending December 2024 is projected at $13.21 per share, reflecting a 58.8% increase from the previous year's reported figure [8]. - Over the past three months, the Zacks Consensus Estimate for Matson has risen by 8.2%, indicating a trend of increasing earnings estimates [8]. Zacks Rating System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with Zacks Rank 1 stocks historically generating an average annual return of +25% since 1988 [7]. - The upgrade of Matson to Zacks Rank 1 places it in the top 5% of Zacks-covered stocks, suggesting a strong potential for near-term price appreciation due to favorable earnings estimate revisions [10]. Impact of Institutional Investors - Changes in earnings estimates significantly influence institutional investors' valuation models, leading to buying or selling actions that affect stock prices [4]. - The correlation between earnings estimate revisions and stock price movements underscores the importance of tracking these revisions for investment decisions [6].

Company Overview - Matson, Inc. is a leading provider of ocean transportation and logistics services, founded in 1882 [2] - The company offers ocean freight transportation services to Hawaii, Alaska, Guam, and other island economies in Micronesia [2] - Matson operates premium expedited services from China to Long Beach, California, and provides service to Okinawa, Japan, and various islands in the South Pacific [2] - The fleet includes containerships, combination container and roll-on/roll-off ships, and custom-designed barges [2] - Matson Logistics, established in 1987, extends the company's transportation network throughout North America and Asia, offering integrated logistics services [2] Upcoming Events - Joel Wine, Executive Vice President and Chief Financial Officer of Matson, will present an overview of the company at the Stephens 2024 Annual Investment Conference on November 20, 2024 [1] - The presentation slides will be accessible on Matson's website on the same day [1]

Core Insights - The article emphasizes the importance of the Zacks Rank and Style Scores system in identifying strong stocks, particularly focusing on value investing strategies [1][2][3] Company Overview - Matson (MATX) is highlighted as a stock to watch, currently holding a Zacks Rank of 1 (Strong Buy) and a Value grade of A [4] - The stock is trading with a P/E ratio of 16.14, which is lower than the industry's average of 17.74 [4] - MATX has a P/B ratio of 2.07, compared to the industry's average P/B of 3.18, indicating solid valuation [5] - The P/CF ratio for MATX is 7.71, significantly lower than the industry's average P/CF of 12.23, suggesting it may be undervalued [6] Valuation Metrics - Over the past 12 months, MATX's Forward P/E has fluctuated between 11.88 and 16.31, with a median of 13.86 [4] - The P/B ratio has ranged from 1.30 to 2.07, with a median of 1.70 [5] - MATX's P/CF has varied from 5.18 to 7.94, with a median of 6.84 [6] Investment Outlook - The combination of strong valuation metrics and a positive earnings outlook positions MATX as an impressive value stock at the moment [7]

Have you been paying attention to shares of Matson (MATX) ? Shares have been on the move with the stock up 12.7% over the past month. The stock hit a new 52-week high of $155.97 in the previous session. Matson has gained 41.3% since the start of the year compared to the -0.6% move for the Zacks Transportation sector and the -9.4% return for the Zacks Transportation - Services industry.What's Driving the Outperformance?The stock has a great record of positive earnings surprises, as it hasn't missed our earni ...

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 ...

Core Viewpoint - Matson (MATX) has been upgraded to a Zacks Rank 1 (Strong Buy), indicating a positive outlook based on rising earnings estimates, which significantly influence stock prices [1][3]. Earnings Estimates and Revisions - The Zacks Consensus Estimate for Matson for the fiscal year ending December 2024 is projected at $11.46 per share, reflecting a 37.7% increase from the previous year [8]. - Over the past three months, analysts have raised their earnings estimates for Matson by 13.4% [8]. Zacks Rating System - The Zacks rating system is based solely on changes in a company's earnings picture, making it a reliable tool for investors [2][3]. - The system classifies stocks into five groups, with Zacks Rank 1 stocks historically generating an average annual return of +25% since 1988 [7]. - Only the top 5% of Zacks-covered stocks receive a 'Strong Buy' rating, indicating superior earnings estimate revisions [9][10]. Market Implications - Rising earnings estimates and the Zacks upgrade suggest an improvement in Matson's underlying business, which could lead to higher stock prices as investors respond positively [5][10]. - The correlation between earnings estimate revisions and near-term stock movements highlights the potential for Matson to outperform the market [6][4].

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 ...