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

Issuer:     Matson, Inc. (MATX)
CIK:        0000003453
Form:       8-K
Filed at:   2023-05-04T23:59:59+00:00
Accession:  0001558370-23-008105
Event type: earnings
Sentiment:  negative
Materiality: 0.90
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/3453/000155837023008105/0001558370-23-008105-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/3453/000155837023008105/matx-20230504x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-008105

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