Matson Q4 EPS $2.10 (down 78% YoY); China volume -47%; full year net income $1.06B

Matson, Inc.

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

Q4 2022 EPS $2.10, net income $78.0M; prior year Q4 EPS $9.39, net income $394.5M.
Full year 2022 EPS $27.07, net income $1,063.9M, EBITDA $1,526.2M.
China container volume fell 47.2% YoY in Q4; average freight rates lower.
Hawaii container volume down 13.0% YoY; Alaska down 7.7%; Guam down 14.0%.
Repurchased 5.0M shares in 2022 for $397M; declared $0.31 dividend payable March 2, 2023.

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 0.9

Matson, Inc. reported financial results for the quarter and fiscal year ended December 31, 2022.

Period: the quarter and fiscal year ended December 31, 2022
Result: reported results

Exact text from the filing

On February 21, 2023, Matson, Inc. (the “Company”) issued a press release announcing the Company’s earnings for the quarter and fiscal year ended December 31, 2022.

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Matson, Inc. filing history →

Source: SEC EDGAR

accession 0001558370-23-001634

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