---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-012727"
form_type: "8-K"
ticker: "MATX"
cik: "0000003453"
company_name: "Matson, Inc."
filed_at: "2023-08-01T23:59:59+00:00"
generated_at: "2026-06-12T19:29:30.893268+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Matson Q2 EPS $2.26 vs $9.49 YoY; revenue down 39% to $773M

## Summary
- Net income $80.8M ($2.26 diluted EPS) vs $380.7M ($9.49) in Q2 2022; revenue fell 39% to $773.4M.
- Ocean Transportation operating income plunged 82.5% to $82.4M driven by lower China freight rates and volume (China container volume -24.6% YoY).
- Logistics operating income down 38% to $14.3M on lower brokerage and supply chain management contributions.
- SSAT terminal JV contribution was -$1.4M vs +$24.7M a year ago due to lower demurrage and lift volume.
- Board declared $0.32 dividend payable Sept 7; repurchased 0.6M shares in Q2 for $42.4M.

## SEC filing metadata
- accession: 0001558370-23-012727
- form_type: 8-K
- ticker: MATX
- cik: 0000003453
- company_name: Matson, Inc.
- filed_at: 2023-08-01T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/3453/000155837023012727/0001558370-23-012727-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/3453/000155837023012727/matx-20230801x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-012727
- JSON: https://secwatch.observer/filing/0001558370-23-012727.json
- Plain text: https://secwatch.observer/filing/0001558370-23-012727.txt

## Key facts
- Earnings Releases
  Matson, Inc. reported the quarter ended June 30, 2023 results: revenue $773.4 million, net income $80.8 million, EPS $2.26 per diluted share.
  - Period: the quarter ended June 30, 2023
  - Revenue: $773.4 million
  - Net income: $80.8 million
  - EPS: $2.26 per diluted share
  - Result: reported results
  source text: quarter ended June 30, 2023. Net income for the quarter ended June 30, 2022 was $380.7 million, or $9.49 per diluted share. Consolidated revenue for the second quarter 2023 was $773.4 million compared with $1,261.1 million for the second quarter 2022. ​ “Matson’s Ocean Transportation and Logistics business segments performed well despite a challenging business
  evidence_url: https://www.sec.gov/Archives/edgar/data/3453/000155837023012727/0001558370-23-012727-index.htm

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