secwatch.observer — SEC 8-K summary
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Issuer:     Matson, Inc. (MATX)
CIK:        0000003453
Form:       8-K
Filed at:   2024-02-20T23:59:59+00:00
Accession:  0001558370-24-001363
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Matson Q4 EPS $1.78 vs $2.10 YoY; FY 2023 revenue down 30%; guides flat 2024
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- Q4 2023 net income $62.4M ($1.78 EPS) vs $78.0M ($2.10 EPS) YoY.
- Full year 2023 revenue $2.48B (-30% YoY); operating income $342.8M vs $1.35B in 2022.
- China service volume up 23% in Q4 but freight rates lower; Ocean Transportation op income $66.4M, down 17% YoY.
- 2024 outlook: consolidated operating income approximating 2023 level of $342.8M; Q1 2024 expected lower than Q1 2023.
- Repurchased 2.1M shares for $158.2M in 2023; declared $0.32/share dividend payable March 7, 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/3453/000155837024001363/0001558370-24-001363-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/3453/000155837024001363/matx-20240220x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-001363

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