Matson Q3 revenue $827.5M, down 26% YoY; EPS $3.40 vs $6.89

Matson, Inc.

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

Net income $119.9M ($3.40 diluted EPS) vs $266M ($6.89) in Q3 2022.
Consolidated revenue $827.5M, down 26% YoY from $1,114.8M.
Ocean Transportation operating income $118.2M, down 62.5% due to lower China freight rates and volume.
Logistics operating income $13.9M, down 30.8% primarily from lower transportation brokerage.
Board declared $0.32/share dividend payable Dec 7, 2023; repurchased ~0.3M shares for $25.8M.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Matson, Inc. reported the quarter ended September 30, 2023 results: revenue $827.5 million, net income $119.9 million, EPS $3.40 per diluted share.

Period: the quarter ended September 30, 2023
Revenue: $827.5 million
Net income: $119.9 million
EPS: $3.40 per diluted share
Result: reported results

Exact text from the filing

Matson, Inc. (“Matson” or the “Company”) (NYSE: MATX), a leading U.S. carrier in the Pacific, today reported net income of $119.9 million, or $3.40 per diluted share, for the quarter ended September 30, 2023. Net income for the quarter ended September 30, 2022 was $266.0 million, or $6.89 per diluted share. Consolidated revenue for the third quarter 2023 was $827.5 million compared with $1,114.8 million for the third quarter 2022.

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Source: SEC EDGAR

accession 0001558370-23-017011

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