secwatch.observer — SEC 8-K summary
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Issuer:     Matson, Inc. (MATX)
CIK:        0000003453
Form:       8-K
Filed at:   2022-11-02T23:59:59+00:00
Accession:  0001558370-22-015979
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/3453/000155837022015979/0001558370-22-015979-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/3453/000155837022015979/matx-20221102x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-22-015979

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