secwatch.observer — SEC 8-K summary
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Issuer:     Matson, Inc. (MATX)
CIK:        0000003453
Form:       8-K
Filed at:   2023-07-20T23:59:59+00:00
Accession:  0001558370-23-012010
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Matson prelim Q2 EPS $2.14-$2.28; op income down YoY on China service weakness
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- Expects Q2 operating income of $78-83M for Ocean Transportation, $13.5-14.5M for Logistics.
- Net income $76.3-81.5M, diluted EPS $2.14-2.28 vs prior year decrease from lower China freight.
- FEU volumes fell YoY: Hawaii -7.1%, Alaska -7.2%, China -24.6%, Guam -7.5%, Other -29.0%.
- Repurchased ~0.6M shares for $42.4M in Q2; ~3.3M shares remain under program.
- Earnings call set for August 1, 2023; management expects muted peak season but China near full.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/3453/000155837023012010/0001558370-23-012010-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/3453/000155837023012010/matx-20230720x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-012010

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