secwatch.observer — SEC 8-K summary
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Issuer:     Matson, Inc. (MATX)
CIK:        0000003453
Form:       8-K
Filed at:   2023-10-30T23:59:59+00:00
Accession:  0001558370-23-017011
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/3453/000155837023017011/0001558370-23-017011-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/3453/000155837023017011/matx-20231030x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-017011

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer