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Matson Inc - MATX STOCK NEWS

Welcome to our dedicated news page for Matson (Ticker: MATX), a resource for investors and traders seeking the latest updates and insights on Matson.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Matson's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Matson's position in the market.

Rhea-AI Summary
Matson, Inc. (MATX) will announce its first-quarter 2024 financial results on April 30, 2024. The conference call will feature Matt Cox, Chairman, and CEO, along with Joel Wine, CFO, discussing the results.
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Matson, Inc. reported a net income of $62.4 million for the fourth quarter of 2023, with a decline in consolidated operating income primarily due to lower volume and freight rates in the China service. The company expects trade dynamics to be stable in 2024, with Ocean Transportation operating income projected to be higher than in 2023.
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-1.23%
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Rhea-AI Summary
Matson, Inc. (NYSE: MATX) announced that the Chairman and CEO, Matt Cox, and the EVP and CFO, Joel Wine, will attend the Stifel 2024 Transportation & Logistics Conference on February 14, 2024, in Miami, Florida. The company will provide access to the presentation slides on its website on the same day. Investors can find the slides on www.matson.com, under Investors.
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1.65%
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Matson, Inc. (MATX) has declared a first quarter dividend of $0.32 per common share, to be paid on March 7, 2024, to shareholders of record as of February 8, 2024.
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-1.62%
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Matson, Inc. expects 4Q23 operating income for Ocean Transportation to be $61.0 to $66.0 million and for Logistics to be $8.0 to $9.0 million. The company repurchased approximately 0.5 million shares in 4Q23. The effective income tax rate for the fourth quarter of 2023 is estimated to be approximately 26.0 percent. Total debt as of December 31, 2023, was $440.6 million. The company expects fourth quarter 2023 net income and diluted EPS to be $57.7 to $62.2 million and $1.65 to $1.78, respectively.
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4.17%
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Matson, Inc. (NYSE: MATX) to Present at Stephens 2023 Annual Investment Conference, Executive Vice President and CFO to Provide Company Overview and Q&A, Presentation Slides Accessible on November 14, 2023 via Company Website
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-0.19%
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Matson, Inc. reported a net income of $119.9 million, or $3.40 per diluted share, for the third quarter of 2023. This is a decrease from the net income of $266.0 million, or $6.89 per diluted share, in the same quarter last year. Consolidated revenue for Q3 2023 was $827.5 million, down from $1,114.8 million in Q3 2022. The decrease in operating income was primarily driven by lower contribution from the China service. Matson repurchased approximately 0.3 million shares in Q3 2023.
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-3.74%
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Matson, Inc. (NYSE: MATX) declares a fourth quarter dividend of $0.32 per common share.
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-0.85%
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Matson, Inc. announces preliminary third quarter financial results and provides a business update
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9.48%
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Matson Inc

NYSE:MATX

MATX Rankings

MATX Stock Data

3.82B
31.82M
2.14%
86.28%
2.66%
Deep Sea Freight Transportation
Transportation and Warehousing
Link
US
Honolulu

About MATX

matson, inc. (nyse: matx) is a honolulu-based publicly traded corporation. founded in 1882, matson is a leading u.s. carrier in the pacific. matson provides a vital lifeline to the island economies of hawaii, guam, micronesia and the south pacific, and premium, expedited service from china to southern california. the company's fleet of 18 vessels includes containerships, combination container and roll-on/roll-off ships and custom-designed barges. matson logistics, established in 1987, extends the geographic reach of matson's transportation network throughout the continental u.s. its integrated, asset-light logistics services include rail intermodal, highway brokerage and warehousing.