earnings
confidence high
sentiment negative
materiality 0.75
Matson 1Q26 EPS $1.85 vs $2.18; raises FY outlook; buyback expanded 3M shares
Matson, Inc.
2026-Q1 EPS reported
$1.85
revenue$757,800,000
- Net income $56.6M ($1.85 diluted EPS) vs $72.3M ($2.18) in 1Q25; revenue $757.8M (-3.1% YoY).
- Ocean Transportation op income $54.6M (-25.8% YoY); Logistics op income $6.8M (-20% YoY).
- Expects Q2 consolidated op income ~$20M above Q2 2025's $113.0M; raises full-year 2026 outlook to modestly exceed FY2025.
- Board added 3.0M shares to buyback program, extended to Dec 2029; declared $0.36/share dividend payable June 4, 2026.
- Iran conflict not impacting operations but affecting fuel prices; expects negative lag impact on Q2 results.