Matson Q2 EPS $3.31 vs $2.26 YoY; raises full-year operating income outlook

Matson, Inc.

2024-Q2 EPS reported $4.33 revenue$1,569,500,000

Net income $113.2M ($3.31/diluted) vs $80.8M ($2.26) YoY; revenue $847.4M vs $773.4M.
Ocean Transportation operating income $109M (+32.3% YoY) on significantly higher China freight rates and 3% volume growth.
Logistics operating income $15.6M (+9.1% YoY) driven by supply chain management strength.
Raised FY2024 outlook: Q3 consolidated operating income meaningfully higher than $132.1M; Q4 moderately higher than $75.3M.
Repurchased ~0.6M shares for $72.2M in Q2; declared $0.34/share dividend payable Sept 5.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.