MATSON ANNOUNCES PRELIMINARY 4Q25 RESULTS, PROVIDES 2026 OUTLOOK AND ANNOUNCES 4Q25 EARNINGS CALL DATE

Rhea-AI Summary

Matson (NYSE: MATX) provided preliminary 4Q25 results, a 2026 outlook and an earnings call date (Feb 24, 2026). The company expects 4Q25 consolidated operating income of $135.0–$145.0 million, 4Q25 net income of $131.3–$146.3 million and 4Q25 diluted EPS of $4.22–$4.70. Fourth-quarter EPS includes an estimated $0.77 benefit from positive income tax adjustments, with an implied 4Q25 effective tax rate of 3.9–7.7%. Matson said full‑year 2026 consolidated operating income is expected to approach 2025 levels. Cash and cash equivalents were approximately $141.9 million (excluding $532.7 million in CCF); total debt was $361.2 million. The company repurchased ~0.7 million shares for $78.1 million in 4Q25. Tradelane volumes: Other +11.6%, China -7.2%, Hawaii +0.6%, Guam +4.4%, Alaska -3.3% (FEU basis).

Positive

• 4Q25 operating income guidance of $135.0–$145.0 million
• 4Q25 diluted EPS guidance of $4.22–$4.70
• $0.77 per-share benefit from positive income tax adjustments
• Repurchased ~0.7 million shares for $78.1 million in 4Q25
• Other containers volume +11.6% YoY in 4Q25 (FEU)

Negative

• None.

News Market Reaction

+1.02% 1.6x vol

35 alerts

+1.02% News Effect

+3.5% Peak in 6 hr 2 min

+$46M Valuation Impact

$4.57B Market Cap

1.6x Rel. Volume

On the day this news was published, MATX gained 1.02%, reflecting a mild positive market reaction. Argus tracked a peak move of +3.5% during that session. Our momentum scanner triggered 35 alerts that day, indicating elevated trading interest and price volatility. This price movement added approximately $46M to the company's valuation, bringing the market cap to $4.57B at that time. Trading volume was above average at 1.6x the daily average, suggesting increased trading activity.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

4Q25 operating income: $135.0–$145.0M 4Q25 net income: $131.3–$146.3M 4Q25 diluted EPS: $4.22–$4.70 +5 more

8 metrics

4Q25 operating income $135.0–$145.0M Preliminary consolidated operating income guidance for 4Q25

4Q25 net income $131.3–$146.3M Preliminary consolidated net income guidance for 4Q25

4Q25 diluted EPS $4.22–$4.70 Preliminary diluted EPS range for 4Q25

Tax EPS benefit $0.77/share Benefit to 4Q25 diluted EPS from positive income tax adjustments

4Q25 income taxes $6.0–$11.0M Estimated 4Q25 income tax expense implying 3.9–7.7% effective rate

Cash & equivalents $141.9M Cash and cash equivalents at Dec 31, 2025 (excludes CCF deposits)

Capital Construction Fund cash $532.7M Cash on deposit within Capital Construction Fund at Dec 31, 2025

4Q25 share repurchases 0.7M shares / $78.1M Shares repurchased and total cost in 4Q25

Market Reality Check

Price: $158.94 Vol: Volume 184,664 is 0.59x t...

low vol

$158.94 Last Close

Volume Volume 184,664 is 0.59x the 20-day average 314,650, indicating subdued trading interest pre-announcement. low

Technical Price at $131.92 is trading above the $108.98 200-day MA and 14.47% below the 52-week high.

Peers on Argus

MATX was up 1.02% with mixed but generally positive peer moves: KEX +1.35%, SBLK...

MATX was up 1.02% with mixed but generally positive peer moves: KEX +1.35%, SBLK +3.10%, ZIM +3.65%, BWLP +0.42%, while HAFN was flat. No momentum scanner confirmation of a coordinated sector move.

Historical Context

5 past events · Latest: Nov 11 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Nov 11	Investor conference	Positive	+1.6%	Participation in Stephens 2025 investor conference to present company overview.
Nov 04	Earnings results	Negative	-1.9%	3Q25 revenue and income declined versus 3Q24 with lower operating income.
Oct 23	Dividend declaration	Positive	-0.6%	Declared fourth-quarter cash dividend of $0.36 per common share.
Oct 20	Earnings date	Neutral	+0.3%	Announced timing and call details for 3Q25 earnings release.
Aug 29	Leadership changes	Neutral	-1.3%	Promoted three executives to new leadership roles in operations and Alaska.

Pattern Detected

Recent news has often seen modest price reactions, with earnings and dividend items sometimes producing counterintuitive, small moves relative to their qualitative tone.

Recent Company History

Over the last six months, Matson’s news flow has centered on capital markets visibility, quarterly earnings, capital returns, and leadership changes. In 3Q25, results declined year-over-year but still supported substantial buybacks. A $0.36 quarterly dividend was maintained, and management participated in investor conferences to highlight the story. Executive promotions in Alaska operations reshaped the leadership team. Today’s preliminary 4Q25 results and 2026 operating income outlook extend this narrative of active capital allocation, sustained profitability, and ongoing investor communication.

Market Pulse Summary

This announcement provided preliminary 4Q25 earnings with operating income of $135–$145M and diluted...

Analysis

This announcement provided preliminary 4Q25 earnings with operating income of $135–$145M and diluted EPS of $4.22–$4.70, including a $0.77 tax-related benefit. Management expects 2026 operating income to approach 2025 levels and detailed mixed trade-lane volumes, including lower China FEUs but growth in Hawaii and Guam. Liquidity appears solid with $141.9M of cash plus $532.7M in a Capital Construction Fund and $78.1M of 4Q25 share repurchases. Investors may watch the February 24, 2026 call for more color on demand trends.

Key Terms

diluted EPS, Forty-foot equivalent units (FEU), terminal operating lease asset, impairment charge, +3 more

7 terms

diluted EPS financial

"Expects 4Q25 net income and diluted EPS to be $131.3 to $146.3 million and $4.22 to $4.70"

Diluted earnings per share (EPS) shows how much profit a company makes for each share of stock, assuming all possible shares from stock options or convertible securities are used. It provides a more conservative estimate than basic EPS, accounting for potential share increases that could dilute ownership. Investors use diluted EPS to get a clearer picture of a company's true profitability on a per-share basis.

Forty-foot equivalent units (FEU) technical

"Fourth Quarter Tradelane Volume (Forty-foot equivalent units (FEU)) (1)(2)(3):"

A forty-foot equivalent unit (FEU) is a standard measure of cargo capacity equal to one 40-foot shipping container; it’s used to count and compare how much freight ships, ports, and terminals handle. Investors watch FEU figures like a store owner watching shopping carts—higher FEU volumes signal stronger trade activity, more demand for shipping capacity, and potential revenue or congestion impacts for logistics and transportation businesses.

terminal operating lease asset financial

"included an impairment charge related to the write-down of a terminal operating lease asset at SSAT"

An operating lease for a terminal is a long-term rental agreement giving a company the right to run a physical terminal — such as an airport gate, shipping dock, or fuel terminal — without owning the property. Investors care because this leased terminal is effectively the business’s place to generate fees or sales; like renting a busy storefront, it shapes future revenue and ongoing costs and influences how analysts view cash flow and valuation.

impairment charge financial

"included an impairment charge related to the write-down of a terminal operating lease asset at SSAT"

An impairment charge is an accounting write-down taken when a company determines an asset—like a building, patent, or investment—is worth less than its recorded value, similar to lowering the price tag on a used car when damage reduces its resale value. It matters to investors because it reduces reported profits and the company’s asset base, can signal business challenges or one-time losses, and may affect future earnings, creditworthiness, and valuation.

effective tax rate financial

"which implies an effective tax rate for the quarter of 3.9 to 7.7 percent"

The effective tax rate is the percentage of a company's profits that it pays in taxes. It shows how much of its earnings go to taxes after all deductions and credits are considered. For investors, it indicates how much of the company's income is taken by taxes, impacting overall profitability and financial health.

Capital Construction Fund financial

"cash and cash equivalents as of December 31, 2025 was approximately $141.9 million, which excluded $532.7 million in cash on deposit within the Capital Construction Fund ("CCF")"

A capital construction fund is a dedicated reserve of cash a company sets aside to pay for building, upgrading or replacing long-lived physical assets like factories, ships, or major equipment. Think of it like a savings account earmarked for a house or a new factory: it shows management is planning large, long-term investments and helps investors assess future spending needs, cash availability, and potential impacts on earnings and growth.

webcast technical

"The conference call will be broadcast live along with an additional slide presentation"

A webcast is a live or recorded online event where people watch or listen to presentations, announcements, or performances through the internet. It’s like a TV broadcast but over the internet, allowing viewers from anywhere to tune in in real time or later. Webcasts are important because they let companies share information quickly and widely with audiences around the world.

AI-generated analysis. Not financial advice.

• Expects 4Q25 consolidated operating income to be $135.0 to $145.0 million
• Expects 4Q25 net income and diluted EPS to be $131.3 to $146.3 million and $4.22 to $4.70, respectively
• 4Q25 diluted EPS includes a benefit of approximately $0.77 due to positive income tax adjustments
• Expects full year 2026 consolidated operating income to approach the level achieved in full year 2025
• Repurchased approximately 0.7 million shares in 4Q25

HONOLULU, Jan. 14, 2026 /PRNewswire/ -- Matson, Inc. ("Matson" or the "Company") (NYSE: MATX) today announces preliminary fourth quarter financial results, provides 2026 outlook for consolidated operating income and announces that its fourth quarter earnings call will be held on February 24, 2026.

Matt Cox, Matson's Chairman and Chief Executive Officer, commented, "Matson had a solid finish to the year with consolidated fourth quarter results that exceeded our expectations. During the quarter, our China service saw higher than expected freight rates and volume driven by strong e-commerce and e-goods demand. Our China service benefited from strong freight demand in our key customer segments as well as a more stable trading environment in the Transpacific tradelane as a result of the U.S.-China trade and economic deal announced on October 30, 2025, which reduced uncertainty regarding tariffs, port entry fees, global trade and other geopolitical factors. Looking ahead, for full year 2026 we expect consolidated operating income to approach the level achieved in full year 2025 based on our expectations of continued solid U.S. consumer demand and a stable trading environment in the Transpacific tradelane."

Mr. Cox added, "For the fourth quarter 2025, we expect consolidated operating income to be $135.0 to $145.0 million. We also expect fourth quarter 2025 net income and diluted EPS to be $131.3 to $146.3 million and $4.22 to $4.70, respectively. Fourth quarter 2025 diluted EPS includes a benefit of approximately $0.77 per share due to positive income tax adjustments. We will provide more details on our fourth quarter and full year 2025 financial performance and 2026 outlook on our earnings call on February 24, 2026."

Fourth Quarter Tradelane Volume (Forty-foot equivalent units (FEU)) (1)(2)(3):

For the three months ended December 31, 2025 compared to the three months ended December 31, 2024 and on a FEU basis: 

• Hawaii container volume increased 0.6 percent primarily due to higher general demand;
• Alaska container volume decreased 3.3 percent primarily due to one less northbound sailing compared to the year ago period, partially offset by higher AAX volume;
• China container volume was 7.2 percent lower;
• Guam container volume was 4.4 percent higher primarily due to higher general demand; and
• Other containers volume increased 11.6 percent.

	________________________
(1)	Approximate volume included for the period are based on the voyage departure date, but revenue and operating income are adjusted to reflect the percentage of revenue and operating income earned during the reporting period for voyages in transit at the end of each reporting period.
(2)	China volume includes containers from China and other Asia origins.
(3)	Other containers includes containers from services in various islands in Micronesia and the South Pacific, and Okinawa, Japan.

Other Items

• SSAT Impairment Charge Last Year: In the fourth quarter 2024, operating income, net income and diluted EPS included an impairment charge related to the write-down of a terminal operating lease asset at SSAT, which impacted fourth quarter 2024 operating income, net income and diluted EPS by $18.4 million, $14.0 million and $0.42 per share, respectively.
  
  
• Income Taxes: Income taxes for the fourth quarter 2025 is estimated to be $6.0 to $11.0 million, which implies an effective tax rate for the quarter of 3.9 to 7.7 percent, due to the benefit of positive income tax adjustments. Compared to an effective income tax rate of 22.0 percent, the midpoint of this fourth quarter income taxes range would benefit diluted EPS by approximately $0.77 per share for the quarter.
  
  
• Liquidity and Debt: Matson's cash and cash equivalents as of December 31, 2025 was approximately $141.9 million, which excluded $532.7 million in cash on deposit within the Capital Construction Fund ("CCF"). Total debt as of December 31, 2025 was $361.2 million.⁽⁴⁾ 
  
  
• Share Repurchases: During the fourth quarter of 2025, Matson repurchased approximately 0.7 million shares for a total cost of $78.1 million.⁽⁵⁾ As of December 31, 2025, the Company had approximately 1.1 million shares remaining in its share repurchase program.

A slide presentation that accompanies this press release is available on the Company's website at www.matson.com, under Investors.

(4)     Total debt is presented before any reduction for deferred loan fees as required by GAAP. (5)     Includes stock repurchased during the quarter but not settled and taxes on share repurchases that will be paid after the quarter end

Teleconference and Webcast

A conference call is scheduled on February 24, 2026 at 4:30 p.m. ET when Matt Cox, Chairman and Chief Executive Officer, and Joel Wine, Executive Vice President and Chief Financial Officer, will discuss Matson's fourth quarter results.

Date of Conference Call:	Tuesday, February 24, 2026
Scheduled Time:	4:30 p.m. ET / 1:30 p.m. PT / 11:30 a.m. HT

The conference call will be broadcast live along with an additional slide presentation on the Company's website at www.matson.com, under Investors. 

Participants may register for the conference call at:

https://register-conf.media-server.com/register/BI2f86b7aed35545c9bacf93a43078cde7

Registered participants will receive the conference call dial-in number and a unique PIN code to access the live event. While not required, it is recommended you join 10 minutes prior to the event starting time. 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.

About the Company

Founded in 1882, Matson (NYSE: MATX) is a leading provider of ocean transportation and logistics services. Matson provides a vital lifeline of ocean freight transportation services to the domestic non-contiguous economies of Hawaii, Alaska, and Guam, and to other island economies in Micronesia. Matson also operates premium, expedited services from China to Long Beach, California, which includes transshipment of cargo from other Asia origins, provides service to Okinawa, Japan and various islands in the South Pacific, and operates an international export service from Alaska to Asia. The Company's fleet of owned and chartered vessels includes containerships, combination container and roll-on/roll-off ships and barges. Matson Logistics, established in 1987, extends the geographic reach of Matson's transportation network throughout North America and Asia. Its integrated, logistics services include rail intermodal, highway brokerage, warehousing, freight consolidation, supply chain management, and freight forwarding to Alaska. Additional information about the Company is available at www.matson.com.

Forward-Looking Statements

Statements in this news release that are not historical facts are "forward-looking statements," within the meaning of the Private Securities Litigation Reform Act of 1995, including without limitation those statements regarding outlook; operating income; consumer demand; and the trading environment. These statements involve a number of risks and uncertainties that could cause actual results to differ materially from those contemplated by the relevant forward-looking statement, including but not limited to risks and uncertainties relating to repeal, invalidation, substantial amendment or waiver of the Jones Act or changes in its application, or the Company were determined not to be a United States citizen under the Jones Act; changes in macroeconomic conditions, geopolitical developments, or governmental policies; our ability to offer a differentiated service in China for which customers are willing to pay a significant premium; new or increased competition; our relationship with customers and vendors and changes in related agreements; fuel prices, our ability to collect fuel-related surcharges and/or the cost or limited availability of required fuels; evolving regulations and stakeholder expectations related to sustainability matters; timely or successful completion of fleet upgrade initiatives; the Company's vessel construction agreements with Philly Shipyard; the occurrence of weather, natural disasters, maritime accidents, spill events and other physical and operating risks; transitional and other risks arising from climate change; actual or threatened health epidemics, outbreaks of disease, pandemics or other major health crises; significant operating agreements and leases that may not be renewed/replaced on favorable or acceptable terms; any unexpected dry-docking or repair costs; joint venture relationships; conducting business in foreign shipping markets, including the imposition of tariffs or a change in international trade policies; any delays or cost overruns related to the modernization of terminals; war, actual or threatened terrorist attacks, efforts to combat terrorism and other acts of violence; consummating and integrating acquisitions; work stoppages or other labor disruptions caused by our unionized workers and other workers or their unions in related industries; loss of key personnel or failure to adequately manage human capital; the use of our information technology and communication systems and cybersecurity attacks; changes in our credit profile, disruptions of the credit markets, changes in interest rates and our future financial performance; our ability to access the debt capital markets; continuation of the Title XI and CCF programs; costs to comply with and liability related to numerous safety, environmental, and other laws and regulations; and disputes, legal and other proceedings and government inquiries or investigations. These forward-looking statements are not guarantees of future performance. This release should be read in conjunction with our Quarterly Report on Form 10-Q for the quarter ended September 30, 2025 and our other filings with the SEC through the date of this release, which identify important factors that could affect the forward-looking statements in this release. We do not undertake any obligation to update our forward-looking statements.

View original content to download multimedia:https://www.prnewswire.com/news-releases/matson-announces-preliminary-4q25-results-provides-2026-outlook-and-announces-4q25-earnings-call-date-302661834.html

SOURCE Matson, Inc.

FAQ

What 4Q25 operating income did Matson (MATX) report in its January 15, 2026 release?

Matson expects 4Q25 consolidated operating income of $135.0–$145.0 million.

What is Matson's (MATX) 4Q25 diluted EPS guidance and tax impact?

Matson expects 4Q25 diluted EPS of $4.22–$4.70, which includes an estimated $0.77 per-share benefit from positive income tax adjustments.

How much cash and debt did Matson (MATX) report as of December 31, 2025?

Matson reported approximately $141.9 million in cash (excluding $532.7 million in CCF) and $361.2 million in total debt.

What share repurchases did Matson (MATX) complete in 4Q25?

Matson repurchased approximately 0.7 million shares for $78.1 million during 4Q25.

What 4Q25 tradelane volume changes did Matson (MATX) report by region?

On an FEU basis for 4Q25 vs 4Q24: Other +11.6%, China -7.2%, Hawaii +0.6%, Guam +4.4%, Alaska -3.3%.

When is Matson's (MATX) 4Q25 earnings call scheduled?

The earnings call is scheduled for February 24, 2026 at 4:30 p.m. ET.