secwatch.observer — SEC 8-K summary
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Issuer:     Matson, Inc. (MATX)
CIK:        0000003453
Form:       8-K
Filed at:   2023-08-01T23:59:59+00:00
Accession:  0001558370-23-012727
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/3453/000155837023012727/0001558370-23-012727-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/3453/000155837023012727/matx-20230801x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-012727

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