Matson, Inc.

MATSON ANNOUNCES PRELIMINARY 4Q23 RESULTS, PROVIDES BUSINESS UPDATE AND ANNOUNCES 4Q23 EARNINGS CALL DATE

Retrieved on: 
Thursday, January 18, 2024

Expects 4Q23 net income and diluted EPS to be $57.7 to $62.2 million and $1.65 to $1.78, respectively

Key Points: 
  • Expects 4Q23 net income and diluted EPS to be $57.7 to $62.2 million and $1.65 to $1.78, respectively
    Announces fourth quarter earnings call date on February 20, 2024
    HONOLULU, Hawaii, Jan. 18, 2024 /PRNewswire/ -- Matson, Inc. ("Matson" or the "Company") (NYSE: MATX) today announces preliminary fourth quarter financial results, provides a business update and announces that its fourth quarter earnings call will be held on February 20, 2024.
  • "Matson's Ocean Transportation and Logistics business segments performed well in the fourth quarter, capping off a solid year for both business segments" said Chairman and Chief Executive Officer Matt Cox.
  • The year-over-year volume declines in Hawaii and Alaska were primarily due to lower general demand and lower seafood volume, respectively.
  • (3)
    During the fourth quarter of 2023, Matson repurchased approximately 0.5 million shares for a total cost of $47.9 million.

Tritium Completes Installation of North America’s First Mechanized Large-Scale Port EV Charging Program at Port of Long Beach

Retrieved on: 
Wednesday, November 29, 2023

The project is the first large-scale port EV charging program using mechanized charging connectors in North America.

Key Points: 
  • The project is the first large-scale port EV charging program using mechanized charging connectors in North America.
  • “Tritium’s partnership with SSA Terminals and the Port of Long Beach is a project we are immensely proud of,” said Tritium CEO Jane Hunter.
  • “Autonomous charging is the future for EV depots and we’re excited to be leading the fast charger manufacturers in operationalizing hands-free charging for the Port of Long Beach.
  • “With their reliability, small footprint, and high-powered charging capabilities, Tritium’s technology was an ideal fit for the Port of Long Beach.

Stäubli and Partners Complete North America's First Mechanized Large Scale Port EV Charging Program

Retrieved on: 
Wednesday, November 29, 2023

WINDSOR, Calif., Nov. 29, 2023 /PRNewswire/ -- Stäubli Electrical Connectors, a leading global manufacturer of electrical connector solutions, has completed its agreement with SSA Terminals, LLC, a joint venture with Matson Navigation Company, to provide EV automated charging connections for 33 terminal tractors at the Port of Long Beach, California. This project is one of the biggest mechanized charging programs for electric vehicles at active ports in the United States. SSA Terminals and Stäubli are also currently implementing five additional units with QCCs at the Port of Oakland.

Key Points: 
  • This project is one of the biggest mechanized charging programs for electric vehicles at active ports in the United States.
  • SSA Terminals and Stäubli are also currently implementing five additional units with QCCs at the Port of Oakland.
  • Stäubli Installs 33 Electric Quick Charging Connectors for Rapid Charging at the Port of Long Beach for Cleaner Air.
  • For this project, 33 tractors designed to transport shipping containers around the terminal were built with an EV powertrain.

MATSON ANNOUNCES PRELIMINARY 3Q23 RESULTS, PROVIDES BUSINESS UPDATE AND ANNOUNCES 3Q23 EARNINGS CALL DATE

Retrieved on: 
Monday, October 23, 2023

Expects 3Q23 net income and diluted EPS to be $114.0 to $120.5 million and $3.23 to $3.41, respectively

Key Points: 
  • Expects 3Q23 net income and diluted EPS to be $114.0 to $120.5 million and $3.23 to $3.41, respectively
    Announces third quarter earnings call date on October 30, 2023
    HONOLULU, Oct. 23, 2023 /PRNewswire/ -- Matson, Inc. ("Matson" or the "Company") (NYSE: MATX) today announces preliminary third quarter financial results, provides a business update and announces that its third quarter earnings call will be held on October 30, 2023.
  • The year-over-year volume declines in Guam and Alaska were primarily driven by lower general demand and lower seafood volume, respectively.
  • (3)
    During the third quarter of 2023, Matson repurchased approximately 0.3 million shares for a total cost of $25.8 million.
  • A replay of the conference call will be available approximately two hours after the event by accessing the webcast link at www.matson.com, under Investors.

MATSON, INC. ANNOUNCES SECOND QUARTER 2023 RESULTS

Retrieved on: 
Tuesday, August 1, 2023

Consolidated revenue for the second quarter 2023 was $773.4 million compared with $1,261.1 million for the second quarter 2022.

Key Points: 
  • Consolidated revenue for the second quarter 2023 was $773.4 million compared with $1,261.1 million for the second quarter 2022.
  • "We expect Matson's consolidated operating income in the third quarter of 2023 to be higher than the level achieved in the second quarter.
  • The contribution in the second quarter 2023 from the Company's SSAT joint venture investment was $(1.4) million, or $26.1 million lower than the second quarter 2022.
  • Logistics: In the second quarter 2023, operating income for the Company's Logistics segment was $14.3 million, or $8.8 million lower compared to the level achieved in the second quarter 2022.

MATSON, INC. ANNOUNCES FIRST QUARTER 2023 RESULTS

Retrieved on: 
Thursday, May 4, 2023

Consolidated revenue for the first quarter 2023 was $704.8 million compared with $1,165.5 million for the first quarter 2022.

Key Points: 
  • Consolidated revenue for the first quarter 2023 was $704.8 million compared with $1,165.5 million for the first quarter 2022.
  • "We expect Matson's consolidated operating income in the second quarter of 2023 to be higher than the first quarter.
  • The contribution in the first quarter 2023 from the Company's SSAT joint venture investment was $(1.8) million, or $35.8 million lower than the first quarter 2022.
  • Logistics: In the first quarter 2023, operating income for the Company's Logistics segment was $10.9 million, or $5.5 million lower compared to the level achieved in the first quarter 2022.

MATSON ANNOUNCES PRELIMINARY 1Q23 RESULTS, PROVIDES BUSINESS UPDATE AND ANNOUNCES 1Q23 EARNINGS CALL DATE

Retrieved on: 
Wednesday, April 19, 2023

Expects 1Q23 net income and diluted EPS to be $29.3 to $33.8 million and $0.81 to $0.93, respectively

Key Points: 
  • Expects 1Q23 net income and diluted EPS to be $29.3 to $33.8 million and $0.81 to $0.93, respectively
    Announces first quarter earnings call date on May 4, 2023
    HONOLULU, April 19, 2023 /PRNewswire/ -- Matson, Inc. ("Matson" or the "Company") (NYSE: MATX) today announces preliminary first quarter financial results, provides a business update and announces that its first quarter earnings call will be held on May 4, 2023.
  • During the first quarter, retail customers continued to conservatively manage inventories amid weakening consumer demand, increasing interest rates and economic uncertainty.
  • The year-over-year volume declines in Guam and Alaska were primarily driven by lower retail-related demand and lower seafood volume, respectively.
  • As a result, Matson expects first quarter operating income for Ocean Transportation of $23.0 to $28.0 million and Logistics operating income of $10.0 to $11.0 million.

ITS Logistics Appoints Peter Weis as Chief Information Officer & Senior Vice President of Supply Chain Services

Retrieved on: 
Tuesday, February 21, 2023

RENO, Nev., Feb. 21, 2023 (GLOBE NEWSWIRE) -- ITS Logistics , one of the fastest-growing logistics companies in the United States, today announced the appointment of Peter Weis as Chief Information Officer & Senior Vice President of Supply Chain Services.

Key Points: 
  • RENO, Nev., Feb. 21, 2023 (GLOBE NEWSWIRE) -- ITS Logistics , one of the fastest-growing logistics companies in the United States, today announced the appointment of Peter Weis as Chief Information Officer & Senior Vice President of Supply Chain Services.
  • We feel we’ve found this in Peter.”
    In his role as CIO & SVP of Supply Chain Services, Weis will strategically grow the IT sector of the company and provide additional leadership in building the talent pool.
  • “I believe my background in global supply chain business and technology strategies will be very instrumental in scaling ITS.
  • To learn more about ITS Logistics, its 3PL services, and employment opportunities, visit ITS Logistics .

MATSON ANNOUNCES PRELIMINARY 3Q22 RESULTS, PROVIDES BUSINESS UPDATE AND ANNOUNCES 3Q22 EARNINGS CALL DATE

Retrieved on: 
Monday, October 17, 2022

Expects 3Q22 net income and diluted EPS to be $257.3 to $262.0 million and $6.67 to $6.79, respectively

Key Points: 
  • Expects 3Q22 net income and diluted EPS to be $257.3 to $262.0 million and $6.67 to $6.79, respectively
    Announces third quarter earnings call date on November 2, 2022
    HONOLULU, Oct. 17, 2022 /PRNewswire/ -- Matson, Inc. ("Matson" or the "Company") (NYSE: MATX) today announces preliminary third quarter financial results, provides a business update and announces that its third quarter earnings call will be held on November 2, 2022.
  • During the third quarter of 2022, Matson contributed $565.0 million in cash to the Capital Construction Fund.
  • During the third quarter of 2022, Matson repurchased approximately 1.1 million shares for a total cost of $88.4 million.
  • Matson provides a vital lifeline to the domestic non-contiguous economies of Hawaii, Alaska, and Guam, and to other island economies in Micronesia.

MATSON PUBLISHES 2021 SUSTAINABILITY REPORT

Retrieved on: 
Monday, July 25, 2022

HONOLULU, July 25, 2022 /PRNewswire/ -- Matson, Inc. (NYSE: MATX), a leading U.S. carrier in the Pacific, has published its 2021 Sustainability Report that describes the company's progress toward achieving its environmental, social and governance goals.

Key Points: 
  • Annual Publication Details Progress on Environmental, Social, Governance Goals
    HONOLULU, July 25, 2022 /PRNewswire/ -- Matson, Inc. (NYSE: MATX), a leading U.S. carrier in the Pacific, has published its 2021 Sustainability Report that describes the company's progress toward achieving its environmental, social and governance goals.
  • "I am proud of the work we are doing and pleased to share our progress in this year's Sustainability Report."
  • Highlights of the 2021 report include:
    Provided funding and services to more than 560 community organizations, focusing on food banks, social equity programs and environmental conservation
    Committed nearly $250,000 to fund scholarships, internships and professional networking opportunities for women and diverse college students within maritime and transportation industries
    "Our 2021 Sustainability Report demonstrates Matson's ongoing commitment to transparency and communication," said Rachel Lee, vice president, sustainability and governance.
  • More information on Matson's sustainability activities, including downloadable copies of its 2021 Sustainability Report and TCFD Report, is available at: https://www.matson.com/sustainability.html .