Matson Inc

MATX

Equity

ISIN US57686G1058 / Valor 18817279

New York Stock Exchange, Inc (2025-03-14)

USD 130.10+0.51%

Matson Inc
UMushroom community rating:

0.00 0 votes No rating yet

NegativeNeutralPositive

About company

Matson, Inc., headquartered in Honolulu, Hawaii, is a prominent U.S.-based transportation services company with a rich history dating back to 1882. Specializing in Pacific shipping, Matson plays a crucial role in connecting the economies of Hawaii, Alaska, Guam, Micronesia, and the South Pacific, offering expedited shipping services from China to Southern California. The company operates a diverse fleet that includes containerships and combination container and roll-on/roll-off ships, alongside custom-designed barges. Through its subsidiary, Matson Terminals, Inc., established in 1921, Matson provides essential container maintenance, stevedoring, and terminal services in Hawaii and Alaska. Additionally, Matson holds a significant stake in SSA Terminals, LLC, enhancing its terminal and stevedoring services across key U.S. West Coast locations. Expanding its reach, Matson Logistics, Inc., offers a comprehensive suite of transportation and logistics services across North America, including rail intermodal service, highway brokerage, supply chain solutions, and international freight forwarding. Matson is publicly traded on the New York Stock Exchange under the ticker symbol "MATX."

Summarized from source with an LLMView SourceSector: Consumer Services

EPS Growth

In the third quarter of 2024, Matson Inc. reported earnings per share (EPS) of $5.89, a significant increase from the $3.40 EPS recorded in the third quarter of 2023. This growth reflects the company's strong financial performance over the past year.

Net Income Surge

Matson Inc.'s net income for the third quarter of 2024 reached $199.1 million, compared to $119.9 million in the same period of 2023. This substantial increase highlights the company's improved profitability and operational efficiency.

Revenue Increase

For the third quarter of 2024, Matson Inc. reported consolidated revenue of $962.0 million, up from $827.5 million in the third quarter of 2023. The rise in revenue is attributed to strong performance in both the Ocean Transportation and Logistics segments.

Operating Income Growth

Matson Inc. achieved a consolidated operating income of $242.3 million in the third quarter of 2024, compared to $132.1 million in the same quarter of 2023. The increase was primarily driven by higher freight rates and strong demand in the Ocean Transportation segment.

Positive Outlook

Looking ahead, Matson Inc. has raised its outlook for the full year 2024 consolidated operating income. The company expects continued strong performance, particularly in its China service, with freight rates anticipated to remain elevated due to ongoing economic and supply chain conditions.

Summarized from source with an LLMView Source

Key figures

23.3%1Y

13.2%3Y

313%5Y

Performance

32.1%1Y

39.1%3Y

45.0%5Y

Volatility