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. (MATX) delivers essential ocean transportation and integrated logistics services across Pacific trade lanes, serving as a lifeline for island economies and global supply chains. This news hub provides investors and industry stakeholders with comprehensive updates on Matson's operational developments and strategic initiatives.
Access timely Matson press releases, earnings reports, and analysis of maritime logistics trends. Our curated collection includes updates on fleet expansions, sustainability efforts, trade lane optimizations, and logistics network enhancements. Stay informed about key developments impacting transpacific shipping capacity and island community supply chains.
Key updates cover ocean freight operations, logistics service expansions, regulatory compliance changes, and strategic partnerships. Content is organized for quick scanning while maintaining depth for professional analysis. Regular updates ensure you never miss critical information affecting MATX's market position in maritime transportation.
Bookmark this page for continuous access to Matson's official communications and third-party analysis. Combine operational updates with broader industry context to better understand MATX's role in global trade networks and regional economic stability.
Matson announced its preliminary financial results for the first quarter of 2023, anticipating $23.0 million to $28.0 million in operating income from Ocean Transportation and $10.0 million to $11.0 million from Logistics. Expected net income ranges from $29.3 million to $33.8 million, and diluted EPS is projected between $0.81 and $0.93. This represents a year-over-year decrease in consolidated operating income, largely due to declining contributions from China services. Additionally, Matson repurchased approximately 0.7 million shares during the quarter. The earnings call is scheduled for May 4, 2023.
Matson, Inc. (NYSE: MATX) reported a significant net income of $78.0 million or $2.10 per diluted share for Q4 2022, down from $394.5 million a year prior. The consolidated revenue fell to $801.6 million, reflecting a year-over-year decrease of 36.7%. Full-year 2022 EPS was $27.07 with a net income of $1,063.9 million. The China service experienced a 47.2% decrease in volume, impacting overall operating income. Matson repurchased 5.0 million shares for $397.0 million and declared a $0.31 dividend per share.
Looking ahead, Q1 2023 is expected to reflect weaker performance amid economic uncertainties, but potential improvement is anticipated in the latter half of the year.
Matson, Inc. (NYSE: MATX) announced that Joel Wine, Executive Vice President and Chief Financial Officer, will attend the Stifel 2023 Transportation & Logistics Conference on February 7, 2023, in Amelia Island, Florida.
The company plans to provide access to presentation slides on its website on the same day, available under the Investors section at www.matson.com.
Matson, founded in 1882, is a leading provider of ocean transportation and logistics services, catering to Hawaii, Alaska, Guam, and other island economies.
Matson, Inc. (NYSE: MATX) has declared a first quarter dividend of $0.31 per common share, set to be paid on March 2, 2023. Shareholders of record as of the close of business on February 9, 2023 will receive this dividend. Founded in 1882, Matson is a key player in ocean transportation and logistics services, primarily serving Hawaii, Alaska, Guam, and various island economies in Micronesia. The company's extensive fleet includes containerships and specialized vessels, enhancing its logistics network across North America.
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