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

Issuer:     Matson, Inc. (MATX)
CIK:        0000003453
Form:       8-K
Filed at:   2024-10-30T23:59:59+00:00
Accession:  0001558370-24-013944
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Matson Q3 2024 EPS $5.89, up 73% YoY; raises full-year operating income guidance
--------------------------------------------------------------------------------

- Net income $199.1M ($5.89/diluted) vs $119.9M ($3.40) YoY; revenue $962M vs $827.5M.
- Ocean Transportation operating income $226.9M (+92% YoY) driven by significantly higher China freight rates.
- Logistics operating income $15.4M (+10.8% YoY) on higher supply chain management and brokerage.
- Raising full-year consolidated operating income outlook; Q4 expected meaningfully higher than $75.3M in Q4 2023.
- Repurchased 0.4M shares for $48.1M; declared $0.34 dividend payable Dec 5, 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/3453/000155837024013944/0001558370-24-013944-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/3453/000155837024013944/matx-20241030x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-013944

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