---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-008105"
form_type: "8-K"
ticker: "MATX"
cik: "0000003453"
company_name: "Matson, Inc."
filed_at: "2023-05-04T23:59:59+00:00"
generated_at: "2026-06-15T23:12:05.766639+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Matson Q1 net income $34M ($0.94 EPS) down 90% YoY; China service drives decline

## Summary
- Revenue $704.8M, down 39.5% YoY from $1,165.5M; EPS $0.94 vs $8.23 a year ago.
- Ocean Transp. operating income $27.8M vs $416.2M; China container volume fell 35.4%.
- SSAT terminal JV contribution swung to -$1.8M from +$34.0M YoY.
- Repurchased 0.7M shares for $42.1M; board added 3M shares to buyback program.
- Declared $0.31/sh dividend payable June 1; expects Q2 op income above Q1 but China below normalized.

## SEC filing metadata
- accession: 0001558370-23-008105
- form_type: 8-K
- ticker: MATX
- cik: 0000003453
- company_name: Matson, Inc.
- filed_at: 2023-05-04T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/3453/000155837023008105/0001558370-23-008105-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/3453/000155837023008105/matx-20230504x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-008105
- JSON: https://secwatch.observer/filing/0001558370-23-008105.json
- Plain text: https://secwatch.observer/filing/0001558370-23-008105.txt

## Key facts
- Earnings Releases
  Matson, Inc. reported the quarter ended March 31, 2023 results: revenue $704.8 million, net income $34.0 million, or $0.94 per diluted share, EPS $0.94 per diluted share.
  - Period: the quarter ended March 31, 2023
  - Revenue: $704.8 million
  - Net income: $34.0 million, or $0.94 per diluted share
  - EPS: $0.94 per diluted share
  - Result: reported results
  source text: Matson, Inc. (“Matson” or the “Company”) (NYSE: MATX), a leading U.S. carrier in the Pacific, today reported net income of $34.0 million, or $0.94 per diluted share, for the quarter ended March 31, 2023. Net income for the quarter ended March 31, 2022 was $339.2 million, or $8.23 per diluted share. Consolidated revenue for the first quarter 2023 was $704.8 million compared with $1,165.5 million for the first quarter 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/3453/000155837023008105/0001558370-23-008105-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.