Welcome to our dedicated page for Matson news (Ticker: MATX), a resource for investors and traders seeking the latest updates and insights on Matson stock.
Matson, Inc. (NYSE: MATX) is an ocean transportation and logistics company focused on Pacific and Transpacific trade lanes, and its news flow reflects developments in these markets. Founded in 1882 and described as a leading U.S. carrier in the Pacific, Matson provides ocean freight transportation services to Hawaii, Alaska, Guam, Micronesia and select South Pacific islands, and operates premium, expedited services from China to Southern California, including Long Beach.
News about Matson often centers on quarterly and annual financial results, including consolidated operating income, net income, and segment performance for its Ocean Transportation and Logistics businesses. The company regularly issues press releases and corresponding Form 8-K filings to report preliminary earnings, detailed quarterly results, and updates to its outlook for operating income and effective tax rates.
Investors following MATX news will also see updates on container volume trends in key tradelanes such as Hawaii, Alaska, China, Guam, and other Pacific islands, along with commentary on freight rates, tariffs, global trade conditions, and demand in the Transpacific tradelane. Matson’s releases discuss how macroeconomic factors, port entry fees, and customer inventory behavior influence its expedited China services and domestic tradelanes.
Other recurring news themes include capital investments like the construction of new Aloha Class containerships at Hanwha Philly Shipyard, credit agreements and note amendments, dividend declarations, and participation in investor conferences hosted by firms such as Stephens and Jefferies. Leadership updates and promotions within Matson’s operations and Alaska business are also featured. For anyone tracking MATX stock, this news page aggregates these company-issued updates and related coverage in one place.
Matson Inc (NYSE: MATX), a leading U.S. carrier in the Pacific, has scheduled its first quarter 2025 financial results announcement for Monday, May 5, 2025. The company will host a conference call at 4:30 p.m. ET (1:30 p.m. PT / 10:30 a.m. HT), featuring Chairman and CEO Matt Cox and Executive Vice President and CFO Joel Wine.
The earnings call will include a slide presentation and will be broadcast live on the company's website at www.matson.com under the Investors section. Interested participants must pre-register through the provided link to receive dial-in details and a unique PIN code. It is recommended to join 10 minutes before the start time. A replay will be available approximately two hours after the event via the company's investor website.
Matson (NYSE: MATX) has announced a significant expansion of its share repurchase program, with the Board of Directors approving an additional 3 million shares to the existing program and extending it through December 31, 2027. The company has already repurchased 11.5 million shares for approximately $1.0 billion since the program's inception in August 2021, with 0.5 million shares remaining under the current authorization as of February 26, 2025.
The expanded program will allow Matson to continue purchasing shares in the open market at its discretion, based on capital needs, stock price, and market conditions. The company maintains flexibility to suspend or discontinue the program at any time and may utilize Rule 10b5-1 plans to facilitate purchases.
Matson (MATX) reported strong Q4 2024 results with net income of $128.0 million ($3.80 EPS), up from $62.4 million ($1.78 EPS) in Q4 2023. Full-year 2024 delivered EPS of $13.93 with net income of $476.4 million and EBITDA of $738.9 million.
Q4 consolidated revenue reached $890.3 million, compared to $788.9 million in Q4 2023. The China service drove growth with significantly higher freight rates and a 7.2% volume increase. However, Hawaii volume declined 1.7%, and Guam saw a 10.0% decrease.
For 2025 outlook, Matson expects Q1 consolidated operating income to be meaningfully higher year-over-year. Full-year performance will largely depend on Red Sea trade normalization timing. If Red Sea disruptions resolve by mid-2025, operating income is expected to be moderately lower than 2024's $551.3 million. If disruptions persist through year-end, 2025 operating income could approach 2024 levels.
Matson (NYSE: MATX), a leading U.S. carrier in the Pacific, has scheduled its fourth quarter 2024 financial results announcement for February 25, 2025. The company will host a conference call at 4:30 p.m. ET, featuring Chairman and CEO Matt Cox and Executive Vice President and CFO Joel Wine to discuss the quarterly results.
The conference call will include a slide presentation and will be broadcast live on the company's website at www.matson.com under the Investors section. Participants are encouraged to register for the call in advance and join 10 minutes before the start time. A replay will be available approximately two hours after the event through the company's website.
Matson (NYSE: MATX) has announced its participation in the upcoming Stifel 2025 Transportation & Logistics Conference in Miami, Florida on February 11, 2025. The company's Chairman and CEO, Matt Cox, will be attending the event.
For investors and interested parties, Matson will make the presentation slides accessible through their website www.matson.com under the Investors section on the day of the conference.
Matson (NYSE: MATX), a leading U.S. carrier in the Pacific, has announced that its Board of Directors has declared a first quarter dividend of $0.34 per common share. The dividend will be distributed on March 6, 2025 to shareholders of record as of the close of business on February 6, 2025.
Matson (NYSE: MATX) announced its participation in the Stephens 2024 Annual Investment Conference in Nashville, Tennessee on November 20, 2024. Joel Wine, Executive Vice President and Chief Financial Officer, will present a company overview and engage in a Q&A session. The presentation slides will be accessible to the public on Matson's website (www.matson.com) under the Investors section on the day of the event.
Matson, Inc. (NYSE: MATX), a leading U.S. carrier in the Pacific, announced its third-quarter 2024 results with a net income of $199.1 million, or $5.89 per diluted share, up from $119.9 million, or $3.40 per diluted share, in Q3 2023. Consolidated revenue rose to $962.0 million from $827.5 million year-over-year. Operating income increased to $242.3 million from $132.1 million, and EBITDA reached $289.4 million, up from $175.1 million in the same period last year.
Matson repurchased 0.4 million shares and raised its full-year 2024 operating income outlook. The company highlighted strong performance in its Ocean Transportation and Logistics segments, driven by higher freight rates and demand in China.
Looking ahead, Matson expects Q4 2024 operating income to be meaningfully higher than the $75.3 million achieved in Q4 2023, with stable but moderated freight rates and steady performance in domestic tradelanes.
Matson (NYSE: MATX), a leading U.S. carrier in the Pacific, has announced its fourth quarter dividend. The company's Board of Directors has declared a dividend of $0.34 per common share, which will be distributed on December 5, 2024. Shareholders must be on record by the close of business on November 7, 2024 to receive this payment.
Matson (NYSE: MATX), a leading U.S. carrier in the Pacific, has announced that it will release its financial results for the third quarter of 2024 on Wednesday, October 30, 2024. A conference call is scheduled for 4:30 p.m. ET on the same day, where Matt Cox, Chairman and CEO, and Joel Wine, Executive VP and CFO, will discuss the company's third quarter results.
The conference call will be broadcast live along with an additional slide presentation on Matson's website. Participants can register for the call through a provided link. A replay of the conference call will be available approximately two hours after the event on the company's website.