secwatch.observer — SEC 8-K summary
======================================

Issuer:     Matson, Inc. (MATX)
CIK:        0000003453
Form:       8-K
Filed at:   2024-08-01T23:59:59+00:00
Accession:  0001558370-24-010599
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/3453/000155837024010599/0001558370-24-010599-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/3453/000155837024010599/matx-20240801x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-010599

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