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. reports developments in ocean transportation and logistics serving Pacific freight markets and related North American supply chains. The company provides ocean freight services for Hawaii, Alaska, Guam, Micronesia, Okinawa, Japan, South Pacific islands, China-to-Long Beach routes, and Alaska-to-Asia export service. Its fleet includes containerships, combination container and roll-on/roll-off ships, and barges.
Recurring MATX news includes quarterly results, operating trends in Ocean Transportation and Logistics, fleet renewal activity such as LNG-powered Aloha Class vessel construction, capital returns through dividends and share repurchases, intermodal cargo-security initiatives, community programs, and executive or governance updates.
Matson (NYSE: MATX), a leading U.S. carrier in the Pacific, has announced it will release its second quarter 2024 financial results on Thursday, August 1, 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 results.
The call will be broadcast live on Matson's website along with a slide presentation. Participants can register for the call online and will receive dial-in information and a unique PIN. A replay of the call will be available approximately two hours after the event on the company's website.
Matson, a leading U.S. carrier in the Pacific, has released its 2023 Sustainability Report. The report outlines the company's progress towards its environmental, social, and governance (ESG) goals. It provides in-depth information on Matson's efforts to:
- Maintain high ethical standards
- Reduce environmental impact
- Support employee and community wellbeing
The report is available for download on Matson's website, offering stakeholders a comprehensive view of the company's sustainability initiatives and achievements throughout 2023.
The Board of Directors of Matson (NYSE: MATX) has declared a third-quarter dividend of $0.34 per common share. This represents a 6.3% increase over the previous quarter's dividend of $0.32. The dividend will be paid on September 5, 2024, to shareholders of record as of August 1, 2024. This marks the twelfth consecutive annual increase in Matson's quarterly dividend. CEO Matt Cox highlighted the company's strong business performance and commitment to returning excess capital to shareholders through dividends and share repurchases, while also investing in growth opportunities and maintaining an investment-grade balance sheet.
On May 15, 2024, Matson announced that Joel Wine, Executive Vice President and CFO, will attend the Wolfe Global Transportation & Industrials Conference in New York on May 22, 2024. Presentation slides will be available on Matson's website under the Investors section on the same day.
Matson, Inc. announced its first quarter 2024 results with a net income of $36.1 million, EPS of $1.04, and consolidated revenue of $722.1 million. The company repurchased shares, raised its outlook for full-year 2024 operating income, and expects modest growth in various segments. Ocean Transportation performed well, but Logistics faced market challenges.
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