Matson prelim Q4 net income $69.9-74.8M, EPS $1.88-2.01, China volumes down 47%

Matson, Inc.

2022-FY EPS reported $27.07 revenue$4,343,000,000

Ocean Transportation operating income $70-80M (4Q21: $460.7M); Logistics $12-13M (4Q21: $14.8M).
China container volumes fell 47.2% YoY due to lower demand and discontinuation of CCX service.
Hawaii volumes down 13.0%, Alaska down 7.7%, Guam down 14.0% vs elevated pandemic levels.
Repurchased ~1.5M shares for $101.9M in Q4; 1.5M shares remain under program.
Management expects CLX/CLX+ demand below normalized conditions in 1H23; hopes for 2H improvement.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Matson, Inc. reported the quarter ended December 31, 2022 results: net income $69.9 to $74.8 million, EPS $1.88 to $2.01.

Period: the quarter ended December 31, 2022
Net income: $69.9 to $74.8 million
EPS: $1.88 to $2.01
Result: preliminary results

Exact text from the filing

Matson, Inc. (the “Company”) issued a press release announcing the Company’s preliminary earnings for the quarter ended December 31, 2022.

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Source: SEC EDGAR

accession 0001558370-23-000332

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