Matson Inc

MATX

Equity

ISIN US57686G1058 / Valor 18817279

New York Stock Exchange, Inc (2024-12-24)

USD 139.28+0.53%

Matson Inc
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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

2Q24 EPS Growth

Matson Inc. reported earnings per share (EPS) of $3.31 for the second quarter of 2024, a significant increase from the $2.26 EPS recorded in the second quarter of 2023. This growth reflects the company's strong performance and improved profitability over the year.

Net Income Increase

For the second quarter of 2024, Matson Inc. achieved a net income of $113.2 million, compared to $80.8 million in the same period of the previous year. This increase in net income underscores the company's enhanced financial health and operational efficiency.

Operating Income Improvement

Matson Inc. reported consolidated operating income of $124.6 million for the second quarter of 2024, up from $96.7 million in the second quarter of 2023. The rise in operating income indicates better performance in the company's core business segments.

EBITDA Growth

In the second quarter of 2024, Matson Inc. recorded an EBITDA of $171.5 million, an increase from $140.5 million in the second quarter of 2023. This growth in EBITDA highlights the company's strong earnings before interest, taxes, depreciation, and amortization.

Share Repurchase

During the second quarter of 2024, Matson Inc. repurchased approximately 0.6 million shares. This share repurchase reflects the company's commitment to returning value to its shareholders and confidence in its financial stability.

Summarized from source with an LLMView Source

Key figures

24.5%1Y

66.5%3Y

242%5Y

Performance

32.2%1Y

39.7%3Y

44.9%5Y

Volatility