MV Transpacific (T-1)

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.

AT YOUR FINGERTIPS: Freightos Terminal Launches Today With Industry-Leading Market Intelligence Data and Insights to Keep International Supply Chains Moving

Retrieved on: 
Wednesday, May 10, 2023

This allows logistics professionals to optimize their international shipping and keep supply chains running smoothly and cost-effectively in an uncertain world.

Key Points: 
  • This allows logistics professionals to optimize their international shipping and keep supply chains running smoothly and cost-effectively in an uncertain world.
  • When the pandemic hit supply chains in 2020, boardroom leadership took notice, with supply chain mentions in annual reports doubling from 2019 to 2022[1].
  • Yet, even today, as freight prices have dropped and supply chains have begun to normalize, interest in logistics intelligence persists.
  • We're proud that Freightos Terminal is supporting supply chain agility and cost-effectiveness, keeping goods moving smoothly around the world."

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.

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 ANNOUNCES PRELIMINARY 2Q22 RESULTS, PROVIDES BUSINESS UPDATE AND ANNOUNCES 2Q22 EARNINGS CALL DATE

Retrieved on: 
Tuesday, July 19, 2022

Expects 2Q22 net income and diluted EPS to be $373.3 to $377.9 million and $9.31 to $9.42, respectively

Key Points: 
  • Expects 2Q22 net income and diluted EPS to be $373.3 to $377.9 million and $9.31 to $9.42, respectively
    Announces second quarter earnings call date on August 1, 2022
    HONOLULU, July 19, 2022 /PRNewswire/ -- Matson, Inc. ("Matson" or the "Company") (NYSE: MATX) today announces preliminary second quarter financial results, provides a business update and announces that its second quarter earnings call will be held on August 1, 2022.
  • However, in recent weeks we have seen a gradual decline in the Transpacific freight rate environment off the highs experienced earlier this year.
  • To this end, we continue to expect to operate the CCX service through at least the October peak season this year."
  • Matson provides a vital lifeline to the domestic non-contiguous economies of Hawaii, Alaska, and Guam, and to other island economies in Micronesia.

MATSON ANNOUNCES PRELIMINARY 4Q21 RESULTS, PROVIDES BUSINESS UPDATE AND ANNOUNCES 4Q21 EARNINGS CALL DATE

Retrieved on: 
Wednesday, January 19, 2022

HONOLULU, Jan. 19, 2022 /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 17, 2022.

Key Points: 
  • HONOLULU, Jan. 19, 2022 /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 17, 2022.
  • Continued strong demand for the China service was the primary driver of the increase in consolidated operating income year-over-year.
  • Supply chain congestion remains the current issue in the Transpacific tradelane due to ongoing elevated consumption trends, U.S. domestic supply chain constraints, and inventory restocking.
  • During the fourth quarter of 2021, Matson repurchased approximately 1.0 million shares for a total cost of $84.5 million.

Matson Announces Preliminary 3Q21 Results, Provides Business Update And Announces 3Q21 Earnings Call Date

Retrieved on: 
Monday, October 11, 2021

The slides and audio webcast of the conference call will be archived for one full quarter on the Company's website at www.matson.com , under Investors.

Key Points: 
  • The slides and audio webcast of the conference call will be archived for one full quarter on the Company's website at www.matson.com , under Investors.
  • Founded in 1882, Matson (NYSE: MATX) is a leading provider of ocean transportation and logistics services.
  • Matson provides a vital lifeline to the domestic non-contiguous economies of Hawaii, Alaska, and Guam, and to other island economies in Micronesia.
  • We do not undertake any obligation to update our forward-looking statements.