Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-34187 Matson, Inc. (Exact name of registrant as specified in its charter) Hawaii 99-0032630 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 (State or other jurisdiction ...

Matson (MATX) came out with quarterly earnings of $1.04 per share, beating the Zacks Consensus Estimate of $0.99 per share. This compares to earnings of $0.94 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 5.05%. A quarter ago, it was expected that this ocean transportation and logistics services company would post earnings of $1.75 per share when it actually produced earnings of $1.78, delivering a surprise of 1.71%.Over the ...

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 FOR IMMEDIATE RELEASE MATSON, INC. ANNOUNCES FIRST QUARTER 2024 RESULTS HONOLULU, Hawaii (April 30, 2024) – Matson, Inc. ("Matson" or the "Company") (NYSE: MATX), a leading U.S. carrier in the Pacific, today reported net income of $36.1 million, or $1.04 per diluted share, for the quarter ended March 31, 2024. Net income ...

HONOLULU, April 25, 2024 /PRNewswire/ -- The Board of Directors of Matson, Inc. (NYSE: MATX), a leading U.S. carrier in the Pacific, today declared a second quarter dividend of $0.32 per common share.  The dividend will be paid on June 6, 2024 to all shareholders of record as of the close of business on May 9, 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 se ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-34187 Matson, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of (I.R.S. Employer inc ...

Financial Data and Key Metrics Changes - The consolidated operating income for Q4 2023 decreased by $17.3 million year-over-year to $75.3 million, with lower contributions from Ocean Transportation and Logistics [89] - For the full year 2023, consolidated operating income decreased by $1.01 billion year-over-year to $342.8 million, primarily due to lower freight rates and volume in China [90] - The effective tax rate in Q4 was 26%, compared to 20.4% in the previous year [90] Business Line Data and Key Metrics Changes - Ocean Transportation operating income decreased in Q4 due to lower freight rates in China and higher operating costs, partially offset by higher volume in China and contributions from Alaska and Hawaii [5][90] - Logistics operating income for Q4 was $8.9 million, approximately $3.9 million lower than the previous year, primarily due to a lower contribution from transportation brokerage [88] - Container volume in Hawaii for Q4 declined by 1.9% year-over-year, while Alaska's container volume decreased by 0.6% year-over-year [9][11] Market Data and Key Metrics Changes - The Hawaii economy is expected to grow modestly in 2024, supported by low unemployment and easing inflation, despite challenges from tourism impacts due to the Maui wildfires [2] - In Alaska, the economy is projected to grow due to job growth and infrastructure investments, with expectations of increased energy-related exploration and production activity [4] Company Strategy and Development Direction - The company is focused on maintaining vessel schedule integrity and delivering high-quality service, viewing its investment-grade balance sheet as a competitive advantage for growth opportunities [25][15] - The company plans to continue returning capital to shareholders after funding maintenance capital expenditures and long-term investments, having repurchased 9.5 million shares since 2021 [26][91] - The company is exploring organic growth initiatives and potential acquisitions, particularly in logistics, while remaining cautious of elevated valuations in the market [64] Management's Comments on Operating Environment and Future Outlook - Management expects year-over-year growth in Ocean Transportation operating income for 2024, with trade dynamics expected to remain stable [22] - The first quarter of 2024 is anticipated to be weaker due to seasonal factors and lower volumes, particularly in the China business [23] - Management noted that while there are uncertainties in the market, they remain focused on operational reliability and customer service [25] Other Important Information - The cash balance in the capital construction fund at the end of 2023 was $599.4 million, with nearly two-thirds of the program funded by cash deposits [79] - The company expects to make milestone payments of $35.5 million in each of the second and fourth quarters of 2024 [79] Q&A Session Summary Question: What is driving the lower year-on-year operating income in ocean? - Management indicated that annual seasonality and lower volumes in the China business are the primary factors [32] Question: Is there a shift of West Coast imports back to the West Coast impacting profitability? - Management noted that while customers are evaluating routing options, they have not seen significant changes in customer moves or deployed capacity by international ocean carriers [35] Question: Are there opportunities emerging to add to the Alaska business? - Management confirmed that there are growth opportunities in the oil and gas segment and seafood exports, with expectations of benefiting from increased drilling and production activity [58]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-34187 Matson, Inc. (Exact name of registrant as specified in its charter) Securities registered pursuant to Section 1 ...

Financial Data and Key Metrics Changes - For Q3 2023, consolidated operating income decreased by $203.2 million year-over-year to $132.1 million, primarily due to lower contributions from Ocean Transportation and Logistics [52] - Total debt at the end of Q3 was $450.3 million, a reduction of $12.1 million from the end of Q2 [15] - Cash flow from operations for the trailing 12 months was approximately $568.5 million, with $253.2 million returned to shareholders via dividends and share repurchase [14][30] Business Line Data and Key Metrics Changes - In Logistics, operating income decreased year-over-year primarily due to lower contributions from transportation brokerage, with Q3 operating income at $13.9 million, down $6.2 million from the previous year [51] - Ocean Transportation experienced lower freight rates in China and a lower contribution from SSAT, leading to a decline in operating income [52] - Container volume in Hawaii decreased by 1.9% year-over-year, while Alaska's container volume decreased by 9.1% year-over-year due to lower seafood export volumes [10][27] Market Data and Key Metrics Changes - Matson's China service volume decreased by 1.3% year-over-year, primarily due to the absence of CCX service, although CLX+ volume increased due to higher vessel utilization [8] - In Guam, container volume decreased by 1.9% year-over-year, but was 12.8% higher than Q3 2019 levels [10] - The Transpacific marketplace is seeing a reduction in deployed capacity due to lower consumer demand for retail goods [9] Company Strategy and Development Direction - The company continues to differentiate its China service with high reliability and a significant value proposition for airfreight customers, emphasizing reduced CO2 emissions [9] - Matson expects trade dynamics in 2024 to be comparable to 2023, with stable consumer-related spending activity anticipated [26] - The company is committed to returning excess capital to shareholders in the absence of large growth investment opportunities [30] Management's Comments on Operating Environment and Future Outlook - Management noted that demand levels are beginning to normalize post-pandemic, with expectations to return to an annual financial outlook in February [17] - The company anticipates continued solid freight demand in its China service, with freight rates expected to remain above pre-pandemic levels [32] - Management expressed confidence that the inventory overhang has largely been absorbed, suggesting a more stable environment moving into 2024 [61] Other Important Information - The company repurchased approximately 0.3 million shares for a total cost of $25.8 million during the quarter, with a total of 9 million shares repurchased since the program's initiation [53] - The cash balance in the CCF at the end of the quarter was $591.6 million, with nearly two-thirds of the remaining milestone payments funded by restricted cash [54] Q&A Session Summary Question: What are the expectations for the fourth quarter operating income? - Management expects fourth quarter consolidated operating income to be higher than the first quarter of 2023, indicating a return to normal seasonality trends [58] Question: How is the inventory destocking phase progressing? - Management indicated that most retailers have worked through their inventory overhang, suggesting a return to equilibrium and a stable outlook for 2024 [60][61] Question: What is the outlook for the SSAT joint venture? - Management believes normalization for the SSAT joint venture will occur in 2024, with factors such as inventory overhang and contract renewals influencing performance [63] Question: How is the LNG conversion process progressing? - The company is actively converting vessels to LNG, with the first vessel already operational and additional conversions planned for the future [73] Question: What impact will the Maui wildfires have on freight volumes? - In the short term, there are headwinds due to reduced tourism, but long-term rebuilding efforts are expected to translate into increased freight volumes [74]

Table of Contents FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 For the quarterly period ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-34187 Matson, Inc. (Exact name of registrant as specified in its charter) Hawaii 99-0032630 96819 (Zip Code) (808) 848-121 ...

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. At this time, all participants are in a listen-only mode. After the ...