Matson prelim Q3 EPS $3.23-$3.41; ocean op income $113-118M, down YoY on China

Matson, Inc.

2023-Q3 EPS reported $6.56 revenue$2,305,700,000

Net income $114-120.5M, diluted EPS $3.23-$3.41; down YoY due to lower China service contribution.
Ocean Transportation operating income $113-118M; Logistics $13-14M; both below prior year.
Volume declines: China -1.3%, Hawaii -1.9%, Alaska -9.1%, Guam -1.9% on lower demand.
Repurchased ~0.3M shares ($25.8M) in Q3; ~3.0M shares remain under buyback program.
Cash $156M, debt $450.3M; CCF deposits $591.6M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Matson, Inc. reported quarter ended September 30, 2023 results: net income $114.0 to $120.5 million, EPS $3.23 to $3.41.

Period: quarter ended September 30, 2023
Net income: $114.0 to $120.5 million
EPS: $3.23 to $3.41
Result: preliminary results

Exact text from the filing

On October 23, 2023, Matson, Inc. (the “Company”) issued a press release announcing the Company’s preliminary earnings for the quarter ended September 30, 2023.

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Matson, Inc. filing history →

Source: SEC EDGAR

accession 0001558370-23-016624

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