Matson, Inc., together with its subsidiaries, provides ocean transportation and logistics services. The company's Ocean Transportation segment offers ocean freight transportation services to the domestic non-contiguous economies of Hawaii, Alaska, and Guam, as well as to other island economies in Micronesia. It primarily transports dry containers of mixed commodities, refrigerated commodities, packaged foods and beverages, building materials, automobiles, and household goods; livestock; seafood; general sustenance cargo; and garments, footwear, e-commerce, and other retail merchandise. This segment also operates an expedited service from China to Long Beach, California, and various islands in the South Pacific, as well as Okinawa, Japan; and provides container stevedoring, refrigerated cargo services, inland transportation, container equipment maintenance, and other terminal services to ocean carriers on the Hawaiian islands of Oahu, Hawaii, Maui, and Kauai, as well as in the Alaska locations of Anchorage, Kodiak, and Dutch Harbor. In addition, the company offers vessel management and container transshipment services. Its Logistics segment provides multimodal transportation brokerage services, including domestic and international rail intermodal, long-haul and regional highway trucking, specialized hauling, flat-bed and project, less-than-truckload, and expedited freight services; less-than-container load consolidation and freight forwarding services; warehousing and distribution services; supply chain management services, and non-vessel operating common carrier (NVOCC) freight forwarding services. The company serves the U.S. military, freight forwarders, retailers, consumer goods, automobile manufacturers, and other customers. The company was formerly known as Alexander & Baldwin Holdings, Inc. and changed its name to Matson, Inc. in June 2012. The company was founded in 1882 and is headquartered in Honolulu, Hawaii.
IPO Year:
Exchange: NYSE
Website: matson.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/18/2024 | Outperform → Peer Perform | Wolfe Research | |
| 10/4/2023 | $113.00 | Peer Perform → Outperform | Wolfe Research |
| 11/17/2022 | Underperform → Peer Perform | Wolfe Research | |
| 8/16/2022 | $80.00 | Underperform | Wolfe Research |
| 8/2/2022 | $131.00 → $93.00 | Buy → Hold | Stifel |
| 10/12/2021 | $80.00 → $92.00 | Buy | Stifel |
8-K - Matson, Inc. (0000003453) (Filer)
10-Q - Matson, Inc. (0000003453) (Filer)
8-K - Matson, Inc. (0000003453) (Filer)
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10-Q - Matson, Inc. (0000003453) (Filer)
8-K - Matson, Inc. (0000003453) (Filer)
8-K - Matson, Inc. (0000003453) (Filer)
10-Q - Matson, Inc. (0000003453) (Filer)
8-K - Matson, Inc. (0000003453) (Filer)
8-K - Matson, Inc. (0000003453) (Filer)
HONOLULU, Nov. 12, 2024 /PRNewswire/ -- Matson, Inc. (NYSE:MATX) announced today that Joel Wine, Executive Vice President and Chief Financial Officer, will present an overview of the Company and respond to questions at the Stephens 2024 Annual Investment Conference to be held on November 20, 2024 in Nashville, Tennessee. Matson will provide access to the presentation slides on its website on November 20, 2024. Access to the slides will be available on www.matson.com, under Investors. About the Company Founded in 1882, Matson (NYSE:MATX) is a leading provider of ocean transpor
3Q24 EPS of $5.89 versus $3.40 in 3Q233Q24 Net Income of $199.1 million versus $119.9 million in 3Q233Q24 Consolidated Operating Income of $242.3 million versus $132.1 million in 3Q233Q24 EBITDA of $289.4 million versus $175.1 million in 3Q23Repurchased approximately 0.4 million shares in 3Q24Raising outlook for Full Year 2024 Consolidated Operating IncomeHONOLULU, Oct. 30, 2024 /PRNewswire/ -- Matson, Inc. ("Matson" or the "Company") (NYSE:MATX), a leading U.S. carrier in the Pacific, today reported net income of $199.1 million, or $5.89 per diluted share, for the quarter ended September 30, 2024. Net income for the quarter ended September 30, 2023 was $119.9 million, or $3.40 per diluted
HONOLULU, Oct. 24, 2024 /PRNewswire/ -- The Board of Directors of Matson, Inc. (NYSE:MATX), a leading U.S. carrier in the Pacific, has declared a fourth quarter dividend of $0.34 per common share. The dividend will be paid on December 5, 2024 to all shareholders of record as of the close of business on November 7, 2024. 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
HONOLULU, Oct. 16, 2024 /PRNewswire/ -- Matson, Inc. ("Matson" or the "Company") (NYSE:MATX), a leading U.S. carrier in the Pacific, today announced that it will release its financial results for the third quarter on Wednesday, October 30, 2024. A conference call is scheduled for 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 third quarter results. Date of Conference Call: Wednesday, October 30, 2024 Scheduled Time: 4:30 p.m. ET / 1:30 p.m. PT / 10:30 a.m. HT The confe
$1 Billion investment part of long-term decarbonization strategy PHILADELPHIA, Sept. 30, 2024 /PRNewswire/ -- Matson, Inc. ((", Matson", , NYSE:MATX) today announced the start of construction on the first of three new "Aloha Class" containerships designed for its Hawaii and China-Long Beach Express (CLX) services. After a small ceremony at Philly Shipyard in Pennsylvania, the cutting of steel plates began, initiating the work to build the ships for delivery to Matson in 2026 and 2027. The three new Jones Act-compliant vessels, representing an investment of approximately $1 bil
2Q24 EPS of $3.31 versus $2.26 in 2Q232Q24 Net Income of $113.2 million versus $80.8 million in 2Q232Q24 Consolidated Operating Income of $124.6 million versus $96.7 million in 2Q232Q24 EBITDA of $171.5 million versus $140.5 million in 2Q23Repurchased approximately 0.6 million shares in 2Q24Raising outlook for Full Year 2024 Consolidated Operating IncomeHONOLULU, Hawaii, Aug. 1, 2024 /PRNewswire/ -- Matson, Inc. ("Matson" or the "Company") (NYSE:MATX), a leading U.S. carrier in the Pacific, today reported net income of $113.2 million, or $3.31 per diluted share, for the quarter ended June 30, 2024. Net income for the quarter ended June 30, 2023 was $80.8 million, or $2.26 per diluted share.
HONOLULU, July 18, 2024 /PRNewswire/ -- Matson, Inc. ("Matson" or the "Company") (NYSE:MATX), a leading U.S. carrier in the Pacific, today announced that it will release its financial results for the second quarter on Thursday, August 1, 2024. A conference call is scheduled for 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 second quarter results. Date of Conference Call: Thursday, August 1, 2024 Scheduled Time: 4:30 p.m. ET / 1:30 p.m. PT / 10:30 a.m. HT The conferenc
HONOLULU, July 17, 2024 /PRNewswire/ -- Matson, Inc. (NYSE:MATX), a leading U.S. carrier in the Pacific, has published its 2023 Sustainability Report, which describes the company's progress toward achieving its environmental, social and governance (ESG) goals. The report also provides detailed information on the company resources and attention focused on upholding high ethical standards; reducing environmental impact; and supporting the wellbeing of its employees and communities. A downloadable copy of Matson's 2023 Sustainability Report is available on the company's website a
HONOLULU, June 27, 2024 /PRNewswire/ -- The Board of Directors of Matson, Inc. (NYSE:MATX), a leading U.S. carrier in the Pacific, has declared a third quarter dividend of $0.34 per common share. The dividend represents a two-cent, or 6.3%, increase over the previous quarter's dividend and will be paid on September 5, 2024 to all shareholders of record as of the close of business on August 1, 2024. "This announcement marks the twelfth consecutive annual increase to Matson's quarterly dividend," said Matt Cox, Matson's Chairman and Chief Executive Officer. "The increase reflect
HONOLULU, May 15, 2024 /PRNewswire/ -- Matson, Inc. (NYSE:MATX) announced today that Joel Wine, Executive Vice President and Chief Financial Officer, will be attending the Wolfe Global Transportation & Industrials Conference to be held on May 22, 2024 in New York, New York. Matson will provide access to the presentation slides on its website on May 22, 2024. Access to the slides will be available on www.matson.com, under Investors. About the CompanyFounded in 1882, Matson (NYSE:MATX) is a leading provider of ocean transportation and logistics services. Matson provides a vital
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3Q24 EPS of $5.89 versus $3.40 in 3Q233Q24 Net Income of $199.1 million versus $119.9 million in 3Q233Q24 Consolidated Operating Income of $242.3 million versus $132.1 million in 3Q233Q24 EBITDA of $289.4 million versus $175.1 million in 3Q23Repurchased approximately 0.4 million shares in 3Q24Raising outlook for Full Year 2024 Consolidated Operating IncomeHONOLULU, Oct. 30, 2024 /PRNewswire/ -- Matson, Inc. ("Matson" or the "Company") (NYSE:MATX), a leading U.S. carrier in the Pacific, today reported net income of $199.1 million, or $5.89 per diluted share, for the quarter ended September 30, 2024. Net income for the quarter ended September 30, 2023 was $119.9 million, or $3.40 per diluted
HONOLULU, Oct. 24, 2024 /PRNewswire/ -- The Board of Directors of Matson, Inc. (NYSE:MATX), a leading U.S. carrier in the Pacific, has declared a fourth quarter dividend of $0.34 per common share. The dividend will be paid on December 5, 2024 to all shareholders of record as of the close of business on November 7, 2024. 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
HONOLULU, Oct. 16, 2024 /PRNewswire/ -- Matson, Inc. ("Matson" or the "Company") (NYSE:MATX), a leading U.S. carrier in the Pacific, today announced that it will release its financial results for the third quarter on Wednesday, October 30, 2024. A conference call is scheduled for 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 third quarter results. Date of Conference Call: Wednesday, October 30, 2024 Scheduled Time: 4:30 p.m. ET / 1:30 p.m. PT / 10:30 a.m. HT The confe
2Q24 EPS of $3.31 versus $2.26 in 2Q232Q24 Net Income of $113.2 million versus $80.8 million in 2Q232Q24 Consolidated Operating Income of $124.6 million versus $96.7 million in 2Q232Q24 EBITDA of $171.5 million versus $140.5 million in 2Q23Repurchased approximately 0.6 million shares in 2Q24Raising outlook for Full Year 2024 Consolidated Operating IncomeHONOLULU, Hawaii, Aug. 1, 2024 /PRNewswire/ -- Matson, Inc. ("Matson" or the "Company") (NYSE:MATX), a leading U.S. carrier in the Pacific, today reported net income of $113.2 million, or $3.31 per diluted share, for the quarter ended June 30, 2024. Net income for the quarter ended June 30, 2023 was $80.8 million, or $2.26 per diluted share.
HONOLULU, July 18, 2024 /PRNewswire/ -- Matson, Inc. ("Matson" or the "Company") (NYSE:MATX), a leading U.S. carrier in the Pacific, today announced that it will release its financial results for the second quarter on Thursday, August 1, 2024. A conference call is scheduled for 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 second quarter results. Date of Conference Call: Thursday, August 1, 2024 Scheduled Time: 4:30 p.m. ET / 1:30 p.m. PT / 10:30 a.m. HT The conferenc
HONOLULU, June 27, 2024 /PRNewswire/ -- The Board of Directors of Matson, Inc. (NYSE:MATX), a leading U.S. carrier in the Pacific, has declared a third quarter dividend of $0.34 per common share. The dividend represents a two-cent, or 6.3%, increase over the previous quarter's dividend and will be paid on September 5, 2024 to all shareholders of record as of the close of business on August 1, 2024. "This announcement marks the twelfth consecutive annual increase to Matson's quarterly dividend," said Matt Cox, Matson's Chairman and Chief Executive Officer. "The increase reflect
1Q24 EPS of $1.04 versus $0.94 in 1Q231Q24 Net Income of $36.1 million versus $34.0 million in 1Q231Q24 Consolidated Operating Income of $36.9 million versus $38.7 million in 1Q231Q24 EBITDA of $82.8 million versus $81.7 million in 1Q23Repurchased approximately 0.4 million shares in 1Q24Raising outlook for Full Year 2024 Consolidated Operating IncomeHONOLULU, April 30, 2024 /PRNewswire/ -- Matson, Inc. ("Matson" or the "Company") (NYSE:MATX), a leading U.S. carrier in the Pacific, today reported net income of $36.1 million, or $1.04 per diluted share, for the quarter ended March 31, 2024. Net income for the quarter ended March 31, 2023 was $34.0 million, or $0.94 per diluted share. Consoli
HONOLULU, April 25, 2024 /PRNewswire/ -- The Board of Directors of Matson, Inc. (NYSE:MATX), a leading U.S. carrier in the Pacific, today declared a second quarter dividend of $0.32 per common share. The dividend will be paid on June 6, 2024 to all shareholders of record as of the close of business on May 9, 2024. About the CompanyFounded 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 Gu
HONOLULU, April 16, 2024 /PRNewswire/ -- Matson, Inc. ("Matson" or the "Company") (NYSE:MATX), a leading U.S. carrier in the Pacific, today announced that it will release its financial results for the first quarter on Tuesday, April 30, 2024. A conference call is scheduled for 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 first quarter results. Date of Conference Call: Tuesday, April 30, 2024 Scheduled Time: 4:30 p.m. ET / 1:30 p.m. PT / 10:30 a.m. HT The conference c
4Q23 EPS of $1.78Full Year 2023 EPS of $8.32Full Year 2023 Net Income and EBITDA of $297.1 million and $516.7 million, respectively2024 Consolidated Operating Income expected to approximate 2023 level1Q24 Consolidated Operating Income expected to be lower than 1Q23 levelHONOLULU, Feb. 20, 2024 /PRNewswire/ -- Matson, Inc. ("Matson" or the "Company") (NYSE:MATX), a leading U.S. carrier in the Pacific, today reported net income of $62.4 million, or $1.78 per diluted share, for the quarter ended December 31, 2023. Net income for the quarter ended December 31, 2022 was $78.0 million, or $2.10 per diluted share. Consolidated revenue for the fourth quarter 2023 was $788.9 million compared with $
Wolfe Research downgraded Matson from Outperform to Peer Perform
Wolfe Research upgraded Matson from Peer Perform to Outperform and set a new price target of $113.00
Wolfe Research upgraded Matson from Underperform to Peer Perform
Wolfe Research initiated coverage of Matson with a rating of Underperform and set a new price target of $80.00
Stifel downgraded Matson from Buy to Hold and set a new price target of $93.00 from $131.00 previously
Stifel reiterated coverage of Matson with a rating of Buy and set a new price target of $92.00 from $80.00 previously
Stephens downgraded Matson from Overweight to Equal-Weight and set a new price target of $70.00
Stephens reiterated coverage of Matson with a rating of Overweight and set a new price target of $80.00 from $70.00 previously
Stephens reiterated coverage of Matson with a rating of Overweight and set a new price target of $80.00 from $70.00 previously
The Board of Directors of Matson, Inc. (NYSE:MATX), a leading U.S. carrier in the Pacific, has declared a third quarter dividend of $0.34 per common share. The dividend represents a two-cent, or 6.3%, increase over the previous quarter's dividend and will be paid on September 5, 2024 to all shareholders of record as of the close of business on August 1, 2024.
Stephens & Co. analyst Daniel Imbro reiterates Matson (NYSE:MATX) with a Overweight and maintains $135 price target.
Stifel analyst Benjamin Nolan maintains Matson (NYSE:MATX) with a Hold and raises the price target from $109 to $111.
As a result of first quarter performance and the outlook trends noted above, the Company expects full year 2024 Ocean Transportation operating income to be higher than the $294.8 million achieved in 2023 and higher than the previous outlook. In the second quarter 2024, the Company expects Ocean Transportation operating income to be moderately higher than the level achieved in the second quarter 2023.Logistics: In the first quarter 2024, operating income for the Company's Logistics segment was $9.3 million, or $1.6 million lower compared to the level achieved in the first quarter 2023. The decrease was primarily due to continued market softness in transportation brokerage. For 2024, the C
Matson (NYSE:MATX) reported quarterly earnings of $1.04 per share which met the analyst consensus estimate. This is a 10.64 percent increase over earnings of $0.94 per share from the same period last year. The company reported quarterly sales of $722.10 million which missed the analyst consensus estimate of $730.44 million by 1.14 percent. This is a 2.45 percent increase over sales of $704.80 million the same period last year.
Matson (NYSE:MATX) reported quarterly earnings of $1.78 per share which beat the analyst consensus estimate of $1.30 by 36.92 percent. The company reported quarterly sales of $788.90 million which beat the analyst consensus estimate of $733.60 million by 7.54 percent. This is a 1.58 percent decrease over sales of $801.60 million the same period last year.
Matson (NYSE:MATX) reported its Q4 earnings results on Tuesday, February 20, 2024 at 04:05 PM. Here's what investors need to know about the announcement. Earnings Matson beat estimated earnings by 17.88%, reporting an EPS of $1.78 versus an estimate of $1.51. Revenue was down $12.70 million from the same period last year. Past Earnings Performance Last quarter the company beat on EPS by $0.32 which was followed by a 3.74% drop in the share price the next day. Here's a look at Matson's past performance: Quarter Q3 2023 Q2 2023 Q1 2023 Q4 2022 EPS Estimate 3.08 2.26 0.76 1.96 EPS Actual 3.40 2.26 0.94 2.10 Revenue Estimate 794.45M 774.89M 704.34M 801.22M Revenue Actual 827.50M 773