Core Insights - Matson, Inc. has released its 2023 Sustainability Report, highlighting progress towards its environmental, social, and governance (ESG) goals [1] - The report emphasizes the company's commitment to ethical standards, reducing environmental impact, and supporting employee and community wellbeing [1] Company Overview - Matson, founded in 1882, is a prominent provider of ocean transportation and logistics services, primarily serving Hawaii, Alaska, Guam, and other Micronesian islands [2] - The company operates a diverse fleet, including containerships and custom-designed barges, and offers logistics services that extend throughout North America and Asia [2] - Matson Logistics, established in 1987, provides integrated logistics services such as rail intermodal, highway brokerage, and supply chain management [2]

The upped dividend highlights this transportation company's commitment to creating value for its shareholders. MATX's dividend yield based on the new payout and Jun 27's closing price is 1.06%. The current increase marks the seventh dividend hike by the company in the last five years. You can see the complete list of today's Zacks #1 Rank stocks here. Matson (MATX) recently announced a 6.3% hike in its quarterly dividend, taking the total to 34 cents per share (annualized $1.36). The first installment of th ...

Since a changing earnings picture is a powerful factor influencing near-term stock price movements, the Zacks rating system is very useful for individual investors. They may find it difficult to make decisions based on rating upgrades by Wall Street analysts, as these are mostly driven by subjective factors that are hard to see and measure in real time. 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 s ...

HONOLULU, June 27, 2024 /PRNewswire/ -- The Board of Directors of Matson, Inc. (NYSE: MATX), a leading U.S. carrier in the Pacific, has declared a third quarter dividend of $0.34 per common share. The dividend represents a two-cent, or 6.3%, increase over the previous quarter's dividend and will be paid on September 5, 2024 to all shareholders of record as of the close of business on August 1, 2024. "This announcement marks the twelfth consecutive annual increase to Matson's quarterly dividend," said Matt C ...

Group 1 - Smurfit Kappa Group Plc (SMFKY) has seen a 4.8% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [1] - The company has a dividend yield of 3.7%, significantly higher than the industry average of 1.5% [1] - Matson, Inc. (MATX) has experienced a 6.7% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [2] - Matson, Inc. has a dividend yield of 1.1%, compared to the industry average of 0.0% [2] - Reliance, Inc. (RS) has seen a 1.5% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [2] - Reliance, Inc. has a dividend yield of 1.5%, which is higher than the industry average of 0.0% [3]

Company Overview - Matson, Inc. (NYSE: MATX) 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, as well as expedited services from China to Long Beach, California [2] - Matson's fleet includes containerships, combination container and roll-on/roll-off ships, and custom-designed barges [2] - Matson Logistics, established in 1987, provides integrated, asset-light logistics services across North America and Asia, including rail intermodal, highway brokerage, and supply chain management [2] Upcoming Events - Joel Wine, Executive Vice President and Chief Financial Officer of Matson, will attend the Wolfe Global Transportation & Industrials Conference on May 22, 2024, in New York [1] - The company will provide access to presentation slides on its website on the same day [1]

Investors might want to bet on Matson (MATX) , as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). This rating change essentially reflects 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 system.Indivi ...

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 ...

Financial Data and Key Metrics Changes - For the first quarter, consolidated operating income decreased by $1.8 million year-over-year to $36.9 million, with Ocean Transportation declining by $0.2 million and Logistics declining by $1.6 million [9] - Net income increased by 6.2% year-over-year, and diluted earnings per share increased by 10.6% year-over-year [45] - Total debt at the end of the first quarter was $430.5 million, a reduction of $10.1 million from the end of the fourth quarter [46] Business Line Data and Key Metrics Changes - In Logistics, operating income declined year-over-year due to continued market softness in transportation brokerage, with operating income for the first quarter at $9.3 million, approximately $1.6 million lower than the previous year [3][22] - Ocean Transportation operating income was roughly flat year-over-year, reflecting an improvement over previous outlooks, with higher freight rates in China but lower volumes in Hawaii and Alaska [17] - The terminal joint venture, SSAT, increased its contribution by $2.2 million year-over-year to $0.4 million, primarily due to higher lift volumes [7] Market Data and Key Metrics Changes - Hawaii container volume for the first quarter decreased by 1.7% year-over-year due to lower general demand, while tourist arrivals remained comparable year-over-year despite the impact of last year's wildfires [4] - Matson's volume in China for the first quarter was 4% lower year-over-year, with lower volume for both CLX and MAX services, although average freight rates were higher [5] - In Alaska, container volume for the first quarter decreased by 5.1% year-over-year, primarily due to one less northbound sailing compared to last year [21] Company Strategy and Development Direction - The company expects to raise its full-year outlook for 2024, anticipating consolidated operating income to be modestly higher than the $342.8 million achieved in 2023, driven by Ocean Transportation [3] - The focus remains on improving demand for CLX and MAX services, with expectations for higher average freight rates compared to 2023 [20] - The company is committed to returning excess capital to shareholders through dividends and share repurchases, with approximately 10 million shares repurchased since the program's initiation [10] Management's Comments on Operating Environment and Future Outlook - Management noted a more traditional first quarter with a longer ramp-up period after the Lunar New Year, indicating a return to typical seasonality [27] - The Hawaii economy is projected to grow modestly in 2024, supported by low unemployment and increasing construction activity, although a cautious outlook is maintained due to tepid demand for consumer goods [19] - For 2024, the company expects trade demand dynamics across most trade lanes to be comparable to 2023, with stable consumer-related spending [25] Other Important Information - The company received a federal tax refund of $118.6 million related to its 2021 tax return, which is expected to be used for general corporate purposes [46] - Interest income for the quarter was $8.8 million, an increase of $0.6 million year-over-year due to higher interest rates [45] Q&A Session Summary Question: Is the sequential ramp from Q1 all volume or is there pricing involved? - Management indicated that the first quarter was a traditional ramp-up period, with higher freight rates than the previous year, suggesting a mix of volume and pricing [27][28] Question: Are there opportunities for inorganic activity in the current environment? - Management noted an uptick in sellers exploring the market, but high expectations for multiples make it challenging to find suitable opportunities [65] Question: How is the company utilizing LNG as a bunker fuel? - Management confirmed that LNG is being used successfully, with no significant cost advantage or penalty observed, and it is seen as a cleaner burning fuel [67]

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 ...