secwatch.observer — SEC 8-K summary
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Issuer:     Matson, Inc. (MATX)
CIK:        0000003453
Form:       8-K
Filed at:   2023-10-23T23:59:59+00:00
Accession:  0001558370-23-016624
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/3453/000155837023016624/0001558370-23-016624-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/3453/000155837023016624/matx-20231023x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-016624

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