secwatch.observer — SEC 8-K summary
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Issuer:     Matson, Inc. (MATX)
CIK:        0000003453
Form:       8-K
Filed at:   2023-04-19T23:59:59+00:00
Accession:  0001558370-23-006227
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/3453/000155837023006227/0001558370-23-006227-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/3453/000155837023006227/matx-20230419x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-006227

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