NEW YORK, Jan. 28, 2026 /PRNewswire/ -- High-Trend International Group (NASDAQ: HTCO) ("HTCO" or the "Company"), a global ocean transportation company, today announced the appointment of Mr. Chew Men Leong, former Chief of Navy of the Republic of Singapore Navy and a veteran leader in infrastructure and global business, as a director of the Company, effective as of January 26, 2026. This appointment marks a pivotal step in HTCO's strategy to deepen its global maritime footprint, strengthen its capital posit ...

Expects 4Q25 consolidated operating income to be $135.0 to $145.0 million Expects 4Q25 net income and diluted EPS to be $131.3 to $146.3 million and $4.22 to $4.70, respectively 4Q25 diluted EPS includes a benefit of approximately $0.77 due to positive income tax adjustments Expects full year 2026 consolidated operating income to approach the level achieved in full year 2025 Repurchased approximately 0.7 million shares in 4Q25 HONOLULU, Jan. 14, 2026 /PRNewswire/ -- Matson, Inc. ("Matson" or the "Company ...

Core Points - Matson, Inc. will present an overview of the company at the Stephens 2025 Annual Investment Conference on November 18, 2025 [1] - The presentation slides will be accessible on Matson's website on the same day [2] Company Overview - Matson, founded in 1882, is a leading provider of ocean transportation and logistics services, primarily serving Hawaii, Alaska, Guam, and other Micronesian islands [3] - The company operates a fleet that includes containerships and roll-on/roll-off ships, and offers premium expedited services from China to Long Beach, California [3] - Matson Logistics, established in 1987, enhances the company's transportation network across North America and Asia, providing various logistics services [3]

Financial Data and Key Metrics Changes - In Q3 2025, consolidated operating income decreased by $81.3 million year-over-year to $161 million, primarily due to lower contributions from Ocean Transportation and Logistics [14] - Net income decreased by 32.3% year-over-year to $134.7 million, and diluted earnings per share decreased by 28% year-over-year to $4.24 per share [14] - Interest income was $7.6 million in the quarter compared to $10.4 million in the same period last year [14] Business Line Data and Key Metrics Changes - In Ocean Transportation, operating income was lower year-over-year due to decreased freight rates and container volume in the China service [4] - Logistics operating income in Q3 was $13.6 million, down $1.8 million from the previous year, primarily due to lower contributions from freight forwarding, transportation brokerage, and supply chain management [12][13] - Container volume in Hawaii increased by 0.3% year-over-year, while in Guam, it decreased by 4.2% year-over-year [5][11] Market Data and Key Metrics Changes - Container volume in the China service decreased by 12.8% year-over-year due to ongoing uncertainty from tariffs and global trade [6] - The Trans-Pacific trade lane experienced muted peak season demand compared to the previous year, leading to lower freight rates and volume expectations for Q4 2025 [7][8] - In Alaska, container volume increased by 4.1% year-over-year, supported by economic growth and job creation [11] Company Strategy and Development Direction - The company remains optimistic about a more stable trading environment starting in Q4 2025 due to a trade deal between the U.S. and China [5][9] - The company is committed to maintaining service reliability and superior customer service, focusing on managing transportation needs amid market volatility [21] - The company plans to continue returning excess capital to shareholders through dividends and share repurchases [16] Management Comments on Operating Environment and Future Outlook - Management noted that the operating environment remains challenging due to tariffs and global trade uncertainties, but they expect improvements following the recent trade deal [4][5] - The company anticipates consolidated operating income for Q4 2025 to be approximately 30% lower year-over-year [17] - Management emphasized the importance of delivering for customers during unsettled times as a key to future success [21] Other Important Information - The company expects to incur approximately $20 million in port entry fees in Q4 2025, which will not be passed on to customers [9][10] - The company has repurchased approximately 13.1 million shares since initiating its share repurchase program, representing 30.2% of its stock [16] Q&A Session Summary Question: Are current pricing levels sustainable given the pressure on traditional spot rates? - Management indicated that they have consciously held prices despite falling spot rates, believing that their pricing strategy is sustainable and reflects the value provided [25][26] Question: What are the factors affecting utilization headwinds in the quarter? - Management attributed lower utilization to a premium in their pricing relative to market rates and the front-loading of inventory by customers [28][29] Question: Is there a possibility of refund for the incurred port fees? - Management is awaiting final regulations from the USTR and the China Ministry of Transport to determine if refunds or rebates are possible [34] Question: How is the company responding to changes in sourcing from China? - Management noted a trend of customers diversifying their sourcing strategies while still recognizing China's importance as a manufacturing source [46][47] Question: What is the current share of cargo from sources other than China? - Management reported that approximately 20% of cargo on CLX and MAX services comes from other countries, with Vietnam being a significant contributor [48] Question: How are pricing dynamics evolving in domestic lanes? - Management stated that pricing in domestic trades has remained stable, with annual rate increases aligned with underlying cost increases [49]

Financial Data and Key Metrics Changes - In Q3 2025, consolidated operating income decreased by $81.3 million year-over-year to $161 million, primarily due to lower contributions from Ocean Transportation and Logistics [14] - Net income decreased by 32.3% year-over-year to $134.7 million, and diluted earnings per share decreased by 28% year-over-year to $4.24 per share [14] - Interest income was $7.6 million in the quarter compared to $10.4 million in the same period last year [14] Business Line Data and Key Metrics Changes - In Ocean Transportation, operating income was lower year-over-year due to decreased freight rates and container volume in the China service [4] - Logistics operating income in Q3 was $13.6 million, down $1.8 million from the previous year, primarily due to lower contributions from freight forwarding, transportation brokerage, and supply chain management [12][13] - Container volume in Hawaii increased by 0.3% year-over-year, while in Guam, it decreased by 4.2% year-over-year [5][11] Market Data and Key Metrics Changes - Container volume in the China service decreased by 12.8% year-over-year due to ongoing uncertainty from tariffs and global trade [6] - The Trans-Pacific trade lane experienced muted peak season demand compared to the previous year, leading to lower freight rates and volume expectations for Q4 2025 [7][8] - In Alaska, container volume increased by 4.1% year-over-year, supported by economic growth and job creation [11] Company Strategy and Development Direction - The company remains optimistic about a more stable trading environment starting in Q4 2025 due to a trade and economic deal between the U.S. and China [5][9] - The company is committed to maintaining service reliability and superior customer service, focusing on managing transportation needs amid market volatility [21] - The company plans to continue returning excess capital to shareholders through dividends and share repurchases, with a focus on maintaining a strong balance sheet [16] Management's Comments on Operating Environment and Future Outlook - Management noted that the operating environment remains challenging due to tariffs and global trade uncertainties, but expressed optimism following the recent trade deal [4][5] - The company expects consolidated operating income in Q4 2025 to be approximately 30% lower year-over-year [17] - Management highlighted the importance of adapting to customer needs and maintaining pricing strategies amid fluctuating market conditions [21] Other Important Information - The company has not passed port entry fees on to customers, maintaining a consistent pricing strategy [10] - The company expects to pay approximately $20 million in port entry fees in Q4 2025 and $80 million annually in 2026 and 2027 [9] - The company has repurchased approximately 13.1 million shares since initiating its share repurchase program, representing 30.2% of its stock [16] Q&A Session Summary Question: Are current pricing levels sustainable given the pressure on traditional spot rates? - Management indicated that while absolute freight rates may come down, it will be in an orderly manner consistent with seasonal patterns [25][26] Question: What are the factors affecting utilization headwinds in the quarter? - Management attributed lower utilization to a premium pricing strategy and front-loading of inventory rather than broader market supply and demand [28][29] Question: Is there a mechanism for refunding the $6.4 million in port fees? - Management stated that they are awaiting final regulations to determine if refunds or rebates are possible [34] Question: How is the company responding to recent spot market fluctuations? - Management noted that their pricing is disconnected from spot market fluctuations, focusing instead on expedited services for customers with urgent needs [38][39] Question: Are customers diversifying sourcing strategies due to trade discussions? - Management observed a trend of customers adopting a "China plus one" strategy, diversifying sourcing while still recognizing China's importance [46][47] Question: What is the pricing strategy for domestic lanes? - Management confirmed that pricing increases are aligned with underlying cost increases, maintaining a steady pricing environment [49]

Financial Data and Key Metrics Changes - In Q3 2025, consolidated operating income decreased by $81.3 million year-over-year to $161 million, primarily due to lower contributions from ocean transportation and logistics [15][16] - Net income decreased by 32.3% year-over-year to $134.7 million, and diluted earnings per share decreased by 28% year-over-year to $4.24 per share [16] - Interest income was $7.6 million in the quarter compared to $10.4 million in the same period last year [16] Business Line Data and Key Metrics Changes - Ocean transportation operating income was lower year-over-year due to decreased freight rates and container volume in the China service [4] - Logistics operating income decreased by $1.8 million year-over-year to $13.6 million, primarily due to lower contributions from freight forwarding, transportation brokerage, and supply chain management [13][15] - The SSAT terminal joint venture contributed $9.3 million, a year-over-year increase of $2.4 million due to higher lift revenue [13] Market Data and Key Metrics Changes - Container volume in the Hawaii service increased by 0.3% year-over-year, while in Guam, it decreased by 4.2% year-over-year due to lower general demand [5][12] - Container volume in the China service decreased by 12.8% year-over-year, primarily due to tariff uncertainties impacting global trade [6][8] - In Alaska, container volume increased by 4.1% year-over-year, supported by economic growth and job creation [12] Company Strategy and Development Direction - The company remains committed to maintaining high service reliability and superior customer service, focusing on managing transportation needs amid market volatility [24] - The recent trade and economic deal between the U.S. and China is viewed as a positive step towards a more stable trading environment [5][24] - The company plans to continue returning excess capital to shareholders through dividends and share repurchases in the absence of large growth investment opportunities [18] Management's Comments on Operating Environment and Future Outlook - Management expects consolidated operating income in Q4 2025 to be approximately 30% lower year-over-year due to ongoing market challenges [4][19] - There is optimism for a more stable trading environment starting in Q4 2025 due to reduced uncertainty regarding tariffs and global trade [5][10] - The Hawaii economy is softening, with tourism and inflation impacting growth, while construction remains a bright spot [6] Other Important Information - The company has not passed port entry fees on to customers and maintains a philosophy of charging based on the value provided [10][11] - Total debt at the end of Q3 was $370.9 million, a reduction of $10.1 million from the previous quarter [18] Q&A Session Summary Question: Are current pricing levels sustainable given the pressure on traditional spot rates? - Management believes that while absolute freight rates may come down, it will be in an orderly manner consistent with previous seasonal patterns [28][29] Question: Are the $6.4 million in port fees included in the operating profit down 30% in Q4? - Yes, the port fees are included in the operating profit [33] Question: Is there a mechanism to get the $6.4 million in port fees refunded? - Management is awaiting final regulations from the USTR and the China Ministry of Transport to determine if refunds are possible [37] Question: Are customers weary of sourcing from China? - There is a trend of customers diversifying their sourcing strategies, but China remains an important manufacturing source [48][50] Question: What percentage of cargo on CLX and MAX services comes from sources other than China? - Approximately 20% of cargo comes from other sources, primarily Vietnam, with expectations for growth from Thailand and other regions [51] Question: How is pricing progressing in domestic lanes? - The company has seen a steady pricing environment with annual rate increases that mirror underlying cost increases [52]

Financial Data and Key Metrics Changes - The second quarter consolidated operating income decreased by $11.6 million year over year to $113 million, primarily due to lower contributions from ocean transportation and logistics [18] - Net income decreased by 16.3% year over year to $94.7 million, and diluted earnings per share decreased by 11.8% year over year to $2.92 per share [19] - Interest income for the quarter was $8 million compared to $18.8 million in the same period last year, reflecting a significant decline [19] Business Line Data and Key Metrics Changes - In Ocean Transportation, operating income was lower year over year primarily due to lower volume in the China service, despite higher freight rates [5] - Logistics operating income in the second quarter was $14.4 million, which is $1.2 million lower than the previous year, mainly due to a lower contribution from transportation brokerage [16] - Container volume in Hawaii increased by 2.6% year over year, while in Guam, it decreased by 2.2%, and in Alaska, it increased by 0.9% year over year [7][14][15] Market Data and Key Metrics Changes - Container volume in the China service decreased by 14.6% year over year due to market uncertainty and tariff impacts [8] - Transshipment volume from outside China represented approximately 21% of the China service, up from 13% in the first quarter, indicating a shift in sourcing [12] - The Hawaii economy remains stable, supported by strong construction activity, but faces potential headwinds from slowing tourism and high inflation [8] Company Strategy and Development Direction - The company is focused on maintaining its position in the Transpacific trade lanes and supporting customers as they diversify their manufacturing bases [26] - There is an emphasis on expanding transshipment capabilities and ensuring fast and reliable services from various origins, particularly in Southeast Asia [46] - The company plans to continue returning excess capital to shareholders in the absence of large growth investment opportunities [21] Management's Comments on Operating Environment and Future Outlook - Management expects continued uncertainty regarding tariffs, global trade, and the U.S. economy, but is raising its outlook for the full year 2025 based on second-quarter performance [6] - The company anticipates lower year-over-year freight rates and volume in the third quarter, reflecting a muted peak season [13] - Management believes that while there will be a long-term shift away from China, it will remain a significant manufacturing hub [65] Other Important Information - The company repurchased approximately 900,000 shares for a total cost of $93.7 million during the second quarter [21] - Total debt at the end of the second quarter was $381 million, a reduction of $9.8 million from the previous quarter [21] - The company entered into a new five-year revolving credit facility with commitments aggregating $550 million [21] Q&A Session Summary Question: Expectations for lower volumes in Q3 - Management noted that lower volumes are influenced by extra sailings last year and customers holding back shipments due to inventory levels [31][32] Question: Impact of new expedited services - Management acknowledged the presence of new expedited services but emphasized their focus on maintaining their competitive edge in speed and reliability [34][35] Question: Outlook for the back half of the year - Management expects a more muted peak season compared to previous years, with a strong Q3 followed by a typical fall-off in October [37] Question: Developments in Southeast Asia - Management is focused on understanding customer needs and ensuring fast, reliable services from new origins as production shifts away from China [45][46] Question: Financial outlook for the back half of the year - Management confirmed that cost reduction actions taken earlier in the year would continue, contributing to improved operating margins [50]

Financial Performance - Ocean Transportation revenue for the second quarter of 2025 decreased by 2.1% year-over-year to $675.6 million[49] - Logistics revenue for the second quarter of 2025 decreased by 1.7% year-over-year to $154.9 million[49] - Net income for the second quarter of 2025 decreased by 16.3% year-over-year to $94.7 million[49] - The terminal joint venture contribution was $7.3 million, a year-over-year increase of $6.1 million[42] - Approximately 0.9 million shares were repurchased in 2Q25 for a total cost of $93.7 million[57] Volume Trends - Hawaii container volume increased by 2.6% year-over-year due to higher general demand[8] - China container volume decreased by 14.6% year-over-year primarily due to market uncertainty and tariffs[22] - Guam container volume decreased by 2.2% year-over-year[25] - Alaska container volume increased by 0.9% year-over-year[35] Outlook - The company expects full year 2025 Ocean Transportation operating income to be moderately lower than the $500.9 million achieved in 2024[62] - The company expects full year 2025 Logistics operating income to be comparable to the $50.4 million achieved in 2024[62]

Company Overview - Matson, Inc. is a leading provider of ocean transportation and logistics services, founded in 1882 [3] - The company offers ocean freight transportation services to Hawaii, Alaska, Guam, and other Micronesian islands, as well as expedited services from China to Long Beach, California [3] - Matson's fleet includes containerships, combination container and roll-on/roll-off ships, and barges [3] - Matson Logistics, established in 1987, provides integrated logistics services across North America and Asia, including rail intermodal, highway brokerage, and supply chain management [3] Financial Results Announcement - Matson will release its financial results for the second quarter on July 31, 2025 [1] - A conference call is scheduled for 4:30 p.m. ET on the same day, featuring discussions by the Chairman and CEO, Matt Cox, and the CFO, Joel Wine [1][2] - The conference call will be available for live broadcast on the company's website, along with a slide presentation [2]

Core Insights - Matson, Inc. has released its 2024 Sustainability Report, highlighting its commitment to ethical standards, environmental impact reduction, and community support [1] Company Overview - Matson, founded in 1882, is a prominent provider of ocean transportation and logistics services, serving non-contiguous economies such as Hawaii, Alaska, and Guam, as well as other island economies in Micronesia [2] - The company operates a diverse fleet that includes containerships, combination container and roll-on/roll-off ships, and barges, and offers premium expedited services from China to Long Beach, California [2] - Matson Logistics, established in 1987, enhances the company's transportation network across North America and Asia, providing integrated logistics services such as rail intermodal, highway brokerage, and supply chain management [2]