Matson Q3 EPS $6.89 on $1.11B revenue; China volumes -15%; outlook cautious on Transpacific

Matson, Inc.

2022-Q3 EPS reported $24.65 revenue$3,541,400,000

Net income $266M ($6.89 diluted EPS) vs $283.2M ($6.53) last year; revenue $1.11B vs $1.07B.
Ocean Transportation operating income fell 12.9% to $315.2M; China container volume down 15.1%, Alaska volume up 10.6%.
Signed ~$1B in vessel construction contracts for three LNG-ready containerships; first delivery Q4 2026.
Repurchased ~1.1M shares for $88.4M in Q3; board declared $0.31/share dividend payable Dec 1.
Management expects challenging next two quarters in Transpacific; ended temporary CCX service early September.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Matson, Inc. reported the quarter ended September 30, 2022 results: revenue $1,114.8 million, net income $266.0 million, EPS $6.89 per diluted share. Guidance lowered.

Period: the quarter ended September 30, 2022
Revenue: $1,114.8 million
Net income: $266.0 million
EPS: $6.89 per diluted share
Guidance: lowered
Result: reported results

Exact text from the filing

ended September 30, 2022. Net income for the quarter ended September 30, 2021 was $283.2 million, or $6.53 per diluted share. Consolidated revenue for the third quarter 2022 was $1,114.8 million compared with $1,071.6 million for the third quarter 2021. “Matson’s differentiated ocean services performed well in the third quarter 2022, but the Company achieved lower

View on SEC.gov

Browse all earnings releases →

Matson, Inc. filing history →

Source: SEC EDGAR

accession 0001558370-22-015979

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.