Ocean transportation and logistics services

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Matson (MATX) Q1 Earnings and Revenues Lag Estimates
ZACKS· 2025-05-05 22:25
Core Viewpoint - Matson's quarterly earnings of $2.18 per share fell short of the Zacks Consensus Estimate of $2.34 per share, representing a year-over-year increase from $1.04 per share, with an earnings surprise of -6.84% [1][2] Financial Performance - The company reported revenues of $782 million for the quarter ended March 2025, missing the Zacks Consensus Estimate by 1.24%, compared to $722.1 million in the same quarter last year [2] - Over the last four quarters, Matson has surpassed consensus EPS estimates three times, but has only topped consensus revenue estimates once [2] Stock Performance - Matson shares have declined approximately 16.1% since the beginning of the year, while the S&P 500 has decreased by -3.3% [3] - The current Zacks Rank for Matson is 3 (Hold), indicating expected performance in line with the market in the near future [6] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $3.18 on revenues of $878.25 million, and for the current fiscal year, it is $11.41 on revenues of $3.4 billion [7] - The trend of estimate revisions for Matson is mixed, which could change following the recent earnings report [6] Industry Context - The Transportation - Services industry, to which Matson belongs, is currently ranked in the bottom 22% of over 250 Zacks industries, indicating potential challenges ahead [8]
Matson Announces Leadership Succession Plan for Logistics Unit
Prnewswire· 2025-04-28 20:00
HONOLULU, April 28, 2025 /PRNewswire/ -- Matson, Inc. ("Matson" or the "Company") (NYSE: MATX) announced today that Rusty Rolfe, Executive Vice President of Matson and President of Matson Logistics, will retire on July 1, 2025, having led the growth of Matson Logistics from its beginnings as an intermodal marketing company to an award-winning provider of diverse and integrated logistics services over the past 24 years."Rusty's influence at Matson over the past two decades will leave an indelible mark on our ...
MATSON TO ANNOUNCE FIRST QUARTER 2025 RESULTS ON MAY 5, 2025
Prnewswire· 2025-04-21 20:30
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 first quarter on May 5, 2025 [1] - A conference call is scheduled for 4:30 p.m. ET on the same day, featuring Matt Cox, Chairman and CEO, and Joel Wine, Executive Vice President and CFO [1][2] - The conference call will be available live on the company's website, with a replay accessible approximately two hours after the event [2]