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MATSON ANNOUNCES PRELIMINARY 4Q25 RESULTS, PROVIDES 2026 OUTLOOK AND ANNOUNCES 4Q25 EARNINGS CALL DATE
Prnewswire· 2026-01-15 03:03
Core Insights - Matson, Inc. reported preliminary fourth quarter financial results that exceeded expectations, driven by strong demand in its China service and a stable trading environment due to the U.S.-China trade deal [2][6] - The company anticipates consolidated operating income for full year 2026 to approach the level achieved in 2025, supported by solid U.S. consumer demand [2][6] Financial Performance - For the fourth quarter of 2025, Matson expects consolidated operating income to be between $135.0 million and $145.0 million [6] - Projected net income for the fourth quarter is estimated to be between $131.3 million and $146.3 million, with diluted EPS expected to range from $4.22 to $4.70, including a tax benefit of approximately $0.77 per share [6][9] - The effective tax rate for the fourth quarter 2025 is estimated to be between 3.9% and 7.7%, significantly lower than the previous year's rate of 22.0% [9] Volume and Demand - Hawaii container volume increased by 0.6% due to higher general demand, while Alaska container volume decreased by 3.3% due to one less northbound sailing [7] - China container volume decreased by 7.2%, while Guam container volume increased by 4.4% and other containers volume rose by 11.6% [7] Share Repurchase and Liquidity - Matson repurchased approximately 0.7 million shares in the fourth quarter of 2025 for a total cost of $78.1 million, with about 1.1 million shares remaining in its repurchase program [9] - As of December 31, 2025, the company's cash and cash equivalents were approximately $141.9 million, with total debt at $361.2 million [9] Upcoming Events - A conference call to discuss the fourth quarter results is scheduled for February 24, 2026, at 4:30 p.m. ET [10]
MATSON TO PARTICIPATE AT STEPHENS 2025 ANNUAL INVESTMENT CONFERENCE
Prnewswire· 2025-11-11 21:10
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]
MATSON TO ANNOUNCE SECOND QUARTER 2025 RESULTS ON JULY 31, 2025
Prnewswire· 2025-07-17 20:10
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]
MATSON PUBLISHES 2024 SUSTAINABILITY REPORT
Prnewswire· 2025-07-09 20:52
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]
MATSON INCREASES QUARTERLY DIVIDEND TO $0.36 PER SHARE
Prnewswire· 2025-06-26 20:10
Company Overview - Matson, Inc. is a leading provider of ocean transportation and logistics services, founded in 1882 [3] - The company offers vital 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, with logistics services extending throughout North America and Asia [3] Dividend Announcement - The Board of Directors has declared a third quarter dividend of $0.36 per common share, marking a 5.9% increase from the previous quarter [1] - This increase represents the thirteenth consecutive annual increase to Matson's quarterly dividend, reflecting the strength of the business and confidence in long-term free cash flow growth [2] Capital Allocation Strategy - The company emphasizes a disciplined approach to capital allocation, committing to return excess capital to shareholders through share repurchases after funding dividends and supporting operations [2] - Matson aims to maintain an investment-grade balance sheet while investing in growth opportunities [2]