secwatch.observer — SEC 8-K summary
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Issuer:     Matson, Inc. (MATX)
CIK:        0000003453
Form:       8-K
Filed at:   2022-10-17T23:59:59+00:00
Accession:  0001558370-22-015034
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Matson preliminary Q3 EPS $6.67-$6.79; ocean operating income falls to $310-$315M
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- Ocean Transportation operating income $310-$315M vs $361.9M a year ago; Logistics $19-$20M.
- Net income $257.3-$262.0M ($6.67-$6.79 diluted EPS) down from $283.2M in Q3 2021.
- China service volume down 15.1% YoY; temporary CCX service ended early September due to lower demand.
- Repurchased ~1.1M shares for $88.4M in Q3; prepaid ~$50.4M of long-term debt.
- Contributed $565M to Capital Construction Fund for new vessel program estimated at $1B total.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/3453/000155837022015034/0001558370-22-015034-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/3453/000155837022015034/matx-20221017x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-22-015034

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