earnings
confidence high
sentiment positive
materiality 0.85
Matson Q2 net income $380.7M ($9.49 EPS), revenue $1.26B; China volume +11.7%
Matson, Inc.
2022-Q2 EPS reported
$17.69
revenue$2,426,600,000
- Q2 2022 EPS of $9.49 vs $3.71 in Q2 2021; net income $380.7M vs $162.5M.
- Ocean Transportation revenue $1.05B (+53.6% YoY); operating income $470M (+133.8%).
- China container volume +11.7% YoY; management says freight rates likely peaked, expects orderly market.
- Logistics operating income $23.1M (+79.1% YoY) with strength across all services.
- Repurchased 1.6M shares for $138.1M in Q2; $642M available under revolver.