Every 10-Q that Matson Inc (MATX) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow MATX and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full MATX filings page.
Matson, Inc. delivered higher profits for the three and six months ended June 30, 2026, driven mainly by its Ocean Transportation segment and strong demand in the China service. Quarterly operating revenue rose to $969.4 million, up 16.7% year over year, while operating income increased 40.6% to $158.9 million. Net income for the quarter grew to $129.4 million and diluted EPS to $4.27, gains of 36.6% and 46.2%, respectively.
Ocean Transportation revenue reached $767.4 million, supported by a 15.2% increase in China container volume and higher freight rates; segment operating income rose 46.0% to $144.0 million. Logistics revenue climbed 30.4% to $202.0 million with modest operating income growth.
For the first half of 2026, operating cash flow was strong at $231.6 million, enabling $255.5 million of capital expenditures, including vessel construction, while total debt declined to $341.3 million. Management expects third-quarter 2026 consolidated operating income to be approximately 45% higher than the prior-year quarter and full-year 2026 operating income in both segments to exceed 2025 levels, assuming continued solid U.S. consumer demand and a stable Transpacific trading environment.
Matson, Inc. reported lower first quarter 2026 results as it transitions toward a more normal freight cycle. Operating revenue was $757.8 million, down from $782.0 million, and net income declined to $56.6 million from $72.3 million. Diluted earnings per share were $1.85 versus $2.18.
Ocean Transportation revenue fell on softer China, Hawaii and Alaska volumes, reducing segment operating income to $54.6 million from $73.6 million. Logistics revenue grew modestly to $151.3 million, but operating income eased to $6.8 million on lower supply chain management contribution.
Matson generated strong cash from operations of $94.0 million, funded $48.3 million of capital spending including new vessel construction, and returned cash via $11.0 million of dividends and $54.4 million of share repurchases. Debt declined to $351.1 million with substantial unused revolver capacity and $521.5 million held in its Capital Construction Fund.
Management expects 2026 Ocean Transportation and consolidated operating income to modestly exceed 2025, supported by stronger China demand through peak season and stable domestic trades, while noting near-term fuel cost headwinds from the Iran conflict.
Matson, Inc. reported lower third‑quarter results. Q3 2025 operating revenue was $880.1 million vs. $962.0 million a year ago, with operating income of $161.0 million vs. $242.3 million. Net income was $134.7 million and diluted EPS was $4.24 vs. $5.89. Ocean Transportation revenue was $718.3 million (down from $798.7 million) and Logistics was $161.8 million (vs. $163.3 million). The SSAT joint venture contributed $9.3 million, up from $6.9 million.
Cash from operations for the first nine months was $370.2 million. The company repurchased $225.8 million of stock year‑to‑date and paid a $0.36 per‑share dividend in Q3; a $0.36 dividend was declared for payment on December 4, 2025. Cash was $92.7 million and total debt was $370.9 million at quarter‑end. Shareholders’ equity was $2.69 billion.
Matson entered a $550 million five‑year revolving credit facility on July 23, 2025 and had $544.0 million of availability at quarter‑end. Outlook: management expects Q4 2025 consolidated operating income to be approximately 30% lower than the $147.5 million achieved in Q4 2024, with lower Ocean Transportation and modestly lower Logistics. Full‑year expectations include depreciation and amortization of ~$196 million, interest income of ~$32 million, interest expense of ~$7 million, other income of ~$9 million, and an effective tax rate of ~22%.
Matson, Inc. (MATX) Q2-25 10-Q highlights
- Revenue: Q2 fell 2.0% YoY to $830.5 m; Ocean Transportation −2.1%, Logistics −1.6%.
- Profitability: Operating income declined 9.3% to $113.0 m; net income dropped 16.4% to $94.7 m; diluted EPS $2.92 vs $3.31.
- YTD view: Six-month revenue grew 2.7% to $1.61 bn; net income up 11.9% to $167.0 m, lifting diluted EPS to $5.09 (+17.6%).
- Segment mix: Q2 Ocean Transportation generated $98.6 m op income (−9.5%); Logistics $14.4 m (−7.7%). Equity income from 35%-owned SSAT rose to $7.3 m vs $1.2 m.
- Cash & liquidity: Cash fell to $59.1 m from $266.8 at FY-24 end, reflecting $162.9 m share repurchase, $22.3 m dividends and $175.5 m capex (incl. new Jones Act vessels). Debt trimmed to $381.0 m; $643.9 m undrawn on revolver.
- Capital moves: New five-year $550 m SOFR-based credit facility signed 23-Jul-25; existing term-loan covenants eased. Board raised quarterly dividend to $0.36, payable 4-Sep-25.
- Cash flow: Operating cash inflow down 44% YoY to $194.6 m; free cash negative after heavy vessel spend.
- Outlook items: Management sees limited tax impact from July 4 “One Big Beautiful Bill” Act; no impairment triggers identified.