Matson reports preliminary Q1 2023 diluted EPS $0.81-$0.93, down YoY on lower China volumes

Matson, Inc.

2023-Q1 EPS reported $0.94 revenue$704,800,000

Preliminary net income $29.3-$33.8M; diluted EPS $0.81-$0.93.
Ocean Transportation operating income $23-$28M; Logistics $10-$11M; consolidated operating income down YoY.
China container volume fell 35.4% YoY; Hawaii -0.8%, Alaska -4.8%, Guam -10.9%.
Repurchased ~0.7M shares in Q1 for $41.8M; ~0.9M shares remain in program.
Prepaid $26.4M of Title XI debt; cash $88.0M, total debt $476.7M.

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 1Q23 results: net income $29.3 to $33.8 million, EPS $0.81 to $0.93.

Period: 1Q23
Net income: $29.3 to $33.8 million
EPS: $0.81 to $0.93
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 March 31, 2023.

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Source: SEC EDGAR

accession 0001558370-23-006227

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