secwatch.observer — SEC 8-K summary
======================================

Issuer:     Matson, Inc. (MATX)
CIK:        0000003453
Form:       8-K
Filed at:   2023-01-18T23:59:59+00:00
Accession:  0001558370-23-000332
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/3453/000155837023000332/0001558370-23-000332-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/3453/000155837023000332/matx-20230118x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-000332

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer