earnings
confidence high
sentiment negative
materiality 0.70
Matson preliminary Q4 2023 EPS $1.65-$1.78; Ocean Transportation operating income $61M-$66M
Matson, Inc.
2023-FY EPS reported
$8.32
revenue$3,094,600,000
- Net income expected $57.7M-$62.2M; diluted EPS $1.65-$1.78.
- Ocean Transportation operating income $61M-$66M; Logistics $8M-$9M.
- China container volume up 23.3% YoY; Hawaii down 1.9%, Alaska down 0.6%.
- Repurchased ~0.5M shares for $47.9M in Q4; remaining authorization ~2.5M shares.
- Effective tax rate ~26.0%, higher than prior ~23% forecast due to discrete items.