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Deutsche Bank AG acquired a new stake in shares of Matson, Inc. (NYSE: MATX) in the undefined quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 30,413 shares of the shipping company's stock, valued at approximately $5,846,000. Deutsche Bank AG owned

Bank of New York Mellon Corp bought a new position in shares of Matson, Inc. (NYSE:MATX – Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 263,418 shares of the shipping company’s stock, valued at approximately $50,637,000. Bank of New York Mellon Corp owned approximately 0.87% of Matson at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the stock. Danske Bank A S acquired a new position in shares of Matson during the fourth quarter worth about $25,000. SouthState Bank Corp purchased a new position in Matson in the fourth quarter worth approximately $31,000. Headlands Technologies LLC purchased a new position in Matson in the second quarter worth approximately $28,000. EverSource Wealth Advisors LLC grew its holdings in Matson by 57.3% during the 4th quarter. EverSource Wealth Advisors LLC now owns 258 shares of the shipping company’s stock worth $32,000 after acquiring an additional 94 shares in the last quarter. Finally, Torren Management LLC acquired a new position in Matson during the 4th quarter worth approximately $34,000. Institutional investors and hedge funds own 84.76% of the company’s stock.

Insider Transactions at Matson In related news, EVP Christopher A. Scott sold 600 shares of the firm’s stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $219.90, for a total transaction of $131,940.00. Following the transaction, the executive vice president owned 9,354 shares in the company, valued at $2,056,944.60. This trade represents a 6.03% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Leonard P. Isotoff sold 1,250 shares of Matson stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $208.30, for a total value of $260,375.00. Following the transaction, the senior vice president directly owned 6,527 shares in the company, valued at approximately $1,359,574.10. This trade represents a 16.07% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 15,262 shares of company stock worth $3,223,716. Insiders own 2.51% of the company’s stock.

Analyst Ratings Changes A number of equities research analysts have recently weighed in on the stock. Stephens raised their price objective on shares of Matson from $240.00 to $260.00 and gave the company an “overweight” rating in a report on Tuesday, August 4th. JPMorgan Chase & Co. increased their target price on Matson from $230.00 to $270.00 and gave the company an “overweight” rating in a report on Tuesday, August 4th. Wall Street Zen lowered Matson from a “buy” rating to a “hold” rating in a report on Saturday, August 22nd. Zacks Research upgraded Matson from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 6th. Finally, Weiss Ratings raised Matson from a “hold (c)” rating to a “buy (b-)” rating in a report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $232.33. Get Our Latest Analysis on MATX

Matson Trading Up 0.3% Shares of Matson stock opened at $222.37 on Friday. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.11. The company has a fifty day simple moving average of $208.72 and a 200-day simple moving average of $185.44. The stock has a market cap of $6.65 billion, a price-to-earnings ratio of 14.86 and a beta of 1.27. Matson, Inc. has a 12-month low of $86.97 and a 12-month high of $230.74.

Matson (NYSE:MATX – Get Free Report) last announced its quarterly earnings results on Monday, August 3rd. The shipping company reported $4.27 earnings per share for the quarter, beating analysts’ consensus estimates of $3.79 by $0.48. Matson had a net margin of 13.41% and a return on equity of 16.94%. The firm had revenue of $969.40 million during the quarter, compared to analysts’ expectations of $893.91 million. During the same period in the previous year, the company earned $2.92 earnings per share. Matson’s quarterly revenue was up 16.7% compared to the same quarter last year. On average, equities analysts forecast that Matson, Inc. will post 16.01 EPS for the current fiscal year.

Matson Increases Dividend The company also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 6th will be given a $0.38 dividend. This is a boost from Matson’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Thursday, August 6th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 0.7%. Matson’s payout ratio is currently 10.16%.

Matson Profile (Free Report)

Matson, Inc (NYSE: MATX) is a U.S.-based provider of ocean transportation and supply chain logistics services with a focus on Pacific trade lanes. The company operates a fleet of container ships that regularly service Hawaii, Alaska, Guam, Micronesia and other Pacific islands, as well as mainland U.S. ports. Matson’s ocean transportation segment offers scheduled liner services, expedited shipping options and specialized project cargo handling for industries ranging from retail to heavy machinery.

In addition to its core liner operations, Matson offers ocean transportation services between Asia and the U.S.

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Investors interested in Transportation stocks should always be looking to find the best-performing companies in the group. Is Matson (MATX - Free Report) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Transportation sector should help us answer this question.

Matson is a member of the Transportation sector. This group includes 110 individual stocks and currently holds a Zacks Sector Rank of #3. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.

The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. Matson is currently sporting a Zacks Rank of #1 (Strong Buy).

Within the past quarter, the Zacks Consensus Estimate for MATX's full-year earnings has moved 14.7% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.

Our latest available data shows that MATX has returned about 73.6% since the start of the calendar year. Meanwhile, stocks in the Transportation group have gained about 14.9% on average. This means that Matson is outperforming the sector as a whole this year.

Another Transportation stock, which has outperformed the sector so far this year, is Seanergy Maritime Holdings Corp (SHIP - Free Report) . The stock has returned 74.2% year-to-date.

For Seanergy Maritime Holdings Corp, the consensus EPS estimate for the current year has increased 67.2% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).

Breaking things down more, Matson is a member of the Transportation - Services industry, which includes 20 individual companies and currently sits at #181 in the Zacks Industry Rank. On average, this group has gained an average of 5.7% so far this year, meaning that MATX is performing better in terms of year-to-date returns.

Seanergy Maritime Holdings Corp, however, belongs to the Transportation - Shipping industry. Currently, this 28-stock industry is ranked #41. The industry has moved +45.7% so far this year.

Investors interested in the Transportation sector may want to keep a close eye on Matson and Seanergy Maritime Holdings Corp as they attempt to continue their solid performance.

While "the trend is your friend" when it comes to short-term investing or trading, timing entries into the trend is a key determinant of success. And increasing the odds of success by making sure the sustainability of a trend isn't easy.

The trend often reverses before exiting the trade, leading to a short-term capital loss for investors. So, for a profitable trade, one should confirm factors such as sound fundamentals, positive earnings estimate revisions, etc. that could keep the momentum in the stock alive.

Our "Recent Price Strength" screen, which is created on a unique short-term trading strategy, could be pretty useful in this regard. This predefined screen makes it really easy to shortlist the stocks that have enough fundamental strength to maintain their recent uptrend. Also, the screen passes only the stocks that are trading in the upper portion of their 52-week high-low range, which is usually an indicator of bullishness.

There are several stocks that passed through the screen and Matson (MATX - Free Report) is one of them. Here are the key reasons why this stock is a solid choice for "trend" investing.

A solid price increase over a period of 12 weeks reflects investors' continued willingness to pay more for the potential upside in a stock. MATX is quite a good fit in this regard, gaining 15% over this period.

However, it's not enough to look at the price change for around three months, as it doesn't reflect any trend reversal that might have happened in a shorter time frame. It's important for a potential winner to maintain the price trend. A price increase of 1% over the past four weeks ensures that the trend is still in place for the stock of this ocean transportation and logistics services company.

Moreover, MATX is currently trading at 83.3% of its 52-week High-Low Range, hinting that it can be on the verge of a breakout.

Looking at the fundamentals, the stock currently carries a Zacks Rank #1 (Strong Buy), which means it is in the top 5% of more than the 4,000 stocks that we rank based on trends in earnings estimate revisions and EPS surprises -- the key factors that impact a stock's near-term price movements.

The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>

Another factor that confirms the company's fundamental strength is its Average Broker Recommendation of #1 (Strong Buy). This indicates that the brokerage community is highly optimistic about the stock's near-term price performance.

So, the price trend in MATX may not reverse anytime soon.

In addition to MATX, there are several other stocks that currently pass through our "Recent Price Strength" screen. You may consider investing in them and start looking for the newest stocks that fit these criteria.

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Matson (MATX - Free Report) closed the last trading session at $205.51, gaining 0.4% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $261.67 indicates a 27.3% upside potential.

The average comprises three short-term price targets ranging from a low of $255.00 to a high of $270.00, with a standard deviation of $7.64. While the lowest estimate indicates an increase of 24.1% from the current price level, the most optimistic estimate points to a 31.4% upside. More than the range, one should note the standard deviation here, as it helps understand the variability of the estimates. The smaller the standard deviation, the greater the agreement among analysts.

While the consensus price target is highly sought after by investors, the ability and unbiasedness of analysts in setting price targets have long been questionable. And investors making investment decisions solely based on this tool would arguably do themselves a disservice.

But, for MATX, an impressive average price target is not the only indicator of a potential upside. Strong agreement among analysts about the company's ability to report better earnings than they predicted earlier strengthens this view. While a positive trend in earnings estimate revisions doesn't gauge how much a stock could gain, it has proven to be powerful in predicting an upside.

Price, Consensus and EPS Surprise

Here's What You May Not Know About Analysts' Price TargetsAccording to researchers at several universities across the globe, a price target is one of many pieces of information about a stock that misleads investors far more often than it guides. In fact, empirical research shows that price targets set by several analysts, irrespective of the extent of agreement, rarely indicate where the price of a stock could actually be heading.

While Wall Street analysts have deep knowledge of a company's fundamentals and the sensitivity of its business to economic and industry issues, many of them tend to set overly optimistic price targets. Are you wondering why?

They usually do that to drum up interest in shares of companies that their firms either have existing business relationships with or are looking to be associated with. In other words, business incentives of firms covering a stock often result in inflated price targets set by analysts.

However, a tight clustering of price targets, which is represented by a low standard deviation, indicates that analysts have a high degree of agreement about the direction and magnitude of a stock's price movement. While that doesn't necessarily mean the stock will hit the average price target, it could be a good starting point for further research aimed at identifying the potential fundamental driving forces.

That said, while investors should not entirely ignore price targets, making an investment decision solely based on them could lead to disappointing ROI. So, price targets should always be treated with a high degree of skepticism.

Why MATX Could Witness a Solid UpsideThere has been increasing optimism among analysts lately about the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher. And that could be a legitimate reason to expect an upside in the stock. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.

The Zacks Consensus Estimate for the current year has increased 1.4% over the past month, as one estimate has gone higher compared to no negative revision.

Moreover, MATX currently has a Zacks Rank #2 (Buy), which means it is in the top 20% of more than 4,000 stocks that we rank based on four factors related to earnings estimates. Given an impressive externally-audited track record, this is a more conclusive indication of the stock's potential upside in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .

Therefore, while the consensus price target may not be a reliable indicator of how much MATX could gain, the direction of price movement it implies does appear to be a good guide.

Matson, Inc. (MATX) Q2 2026 Earnings Call Transcript

2Q26 EPS of $4.27 versus $2.92 in 2Q25 2Q26 Net Income of $129.4 million versus $94.7 million in 2Q25 2Q26 Consolidated Operating Income of $158.9 million versus $113.0 million in 2Q25 2Q26 EBITDA of $211.0 million versus $163.6 million in 2Q25 Repurchased approximately 0.3 million shares in 2Q26 Raises full year outlook , /PRNewswire/ -- Matson, Inc. ("Matson" or the "Company") (NYSE: MATX), a leading U.S. carrier in the Pacific, today reported net income of $129.4 million, or $4.27 per diluted share, for the quarter ended June 30, 2026.  Net income for the quarter ended June 30, 2025 was $94.7 million, or $2.92 per diluted share.  Consolidated revenue for the second quarter 2026 was $969.4 million, compared with $830.5 million for the second quarter 2025.

Matt Cox, Matson's Chairman and Chief Executive Officer, commented, "Matson had a strong second quarter with momentum in our China service carrying over from the post-Lunar New Year period.  Our CLX and MAX services saw higher-than-expected freight rates and demand across e-commerce, garments and e-goods against a backdrop of tighter supply conditions in the Transpacific tradelane." 

Mr. Cox added, "In our domestic ocean tradelanes, we saw lower year-over-year volumes in Hawaii and Alaska and higher year-over-year volume in Guam.  In Logistics, operating income increased year-over-year primarily due to higher contributions from freight forwarding and transportation brokerage, partially offset by a lower contribution from warehousing."

"Looking ahead, we expect our China service to be at or near capacity through peak season. For the fourth quarter 2026, we expect demand to reflect a more traditional seasonality pattern compared to the elevated period of freight demand experienced in the Transpacific market in the fourth quarter 2025 following the U.S.-China trade and economic agreement announced on October 30, 2025.  To date, the Iran conflict has not impacted the Company's operating performance or service levels; however, it has impacted fuel prices in all of the Company's markets.  We continue to expect to fully recover our fuel costs by the end of the year.  As a result, we expect Ocean Transportation operating income in the third quarter 2026 to be approximately 45 percent higher than the level achieved in the year ago period.  We also expect Ocean Transportation operating income in the fourth quarter 2026 to be modestly lower than the level achieved last year.  For Logistics, we expect operating income in the third and fourth quarters 2026 to be modestly higher than the levels achieved last year.  For full year 2026, we expect consolidated operating income to be higher than the level achieved in full year 2025 based on our expectations of continued solid U.S. consumer demand and a stable trading environment in the Transpacific tradelane."

Second Quarter 2026 Discussion and Outlook for 2026

Ocean Transportation:  The Company's container volume in the Hawaii service in the second quarter 2026 was 1.1 percent lower year-over-year primarily due to lower general demand.  Hawaii's economy remains stable, supported by strong construction activity and modest growth in tourist arrivals, but continues to face headwinds from higher energy-related inflation.  The Company expects volume in full year 2026 to approach the level achieved in 2025, based on the Company's expectation of similar economic conditions and stable market share.

In the China service, the Company's container volume in the second quarter 2026 increased 15.2 percent year-over-year primarily due to significantly higher demand compared to the prior year period, which included a market decline in Transpacific demand due to the tariffs imposed in April 2025.  In the second quarter 2026, momentum in the China service carried over from the post-Lunar New Year period, and the Company's CLX and MAX services saw higher-than-expected freight rates and demand across e-commerce, garments and e-goods against a backdrop of tighter supply conditions in the Transpacific tradelane.  The Company expects its China service to be at or near capacity through peak season.  For the fourth quarter 2026, the Company expects demand to reflect a more traditional seasonality pattern compared to the elevated period of freight demand experienced in the Transpacific market in the fourth quarter 2025 following the U.S.-China trade and economic agreement announced on October 30, 2025.  As such, the Company expects volume in full year 2026 to be higher than the level achieved in 2025 based on the Company's expectations of continued solid U.S. consumer demand and a stable trading environment in the Transpacific tradelane.

In the Guam service, the Company's container volume in the second quarter 2026 increased 4.4 percent year-over-year.  In the near term, the Company expects Guam's economy to remain stable.  For full year 2026, the Company expects volume to be comparable to the level achieved last year.

In the Alaska service, the Company's container volume in the second quarter 2026 decreased 2.3 percent year-over-year primarily due to lower export seafood volume on AAX, partially offset by one additional northbound sailing.  In the near term, the Company expects Alaska's economy to remain stable supported by a low unemployment rate, steady job market and continued oil and gas exploration and production activity.  For full year 2026, the Company expects volume to approach the level achieved last year.

The contribution from the Company's SSAT joint venture investment was $4.8 million in the second quarter 2026, or $2.5 million lower than second quarter 2025.  The decrease was primarily due to lower lift volume and higher operating expenses.  For full year 2026, the Company expects the contribution from SSAT to be lower than the $32.5 million achieved in full year 2025.

Based on the outlook trends noted above, the Company expects Ocean Transportation operating income in the third quarter 2026 to be approximately 45 percent higher than the $147.4 million achieved in the third quarter 2025.  The Company also expects Ocean Transportation operating income in the fourth quarter 2026 to be modestly lower than the $136.0 million achieved in the fourth quarter 2025.  For full year 2026, the Company expects Ocean Transportation operating income to be higher than the $455.6 million achieved in full year 2025.

Logistics:  Operating income for the Company's Logistics segment was $14.9 million in the second quarter 2026, or $0.5 million higher compared to the level achieved in the second quarter 2025.  The increase was primarily due to higher contributions from freight forwarding and transportation brokerage, partially offset by a lower contribution from warehousing.  For the third and fourth quarters 2026, the Company expects Logistics operating income to be modestly higher than the $13.6 million and $7.7 million achieved in the third and fourth quarters 2025, respectively.  For full year 2026, the Company expects Logistics operating income to be higher than the $44.2 million achieved in full year 2025.

Consolidated Operating Income:  To date, the Iran conflict has not impacted the Company's operating performance or service levels; however, it has impacted fuel prices in all of the Company's markets.  The Company continues to expect to fully recover fuel costs by the end of the year.  For the third quarter 2026, the Company expects consolidated operating income to be approximately 45 percent higher than the level achieved in the third quarter 2025.  For full year 2026, the Company expects consolidated operating income to be higher than the level achieved in full year 2025 based on the Company's expectations of continued solid U.S. consumer demand and a stable trading environment in the Transpacific tradelane.

Depreciation and Amortization:  For full year 2026, the Company expects depreciation and amortization expense to be approximately $205 million, inclusive of dry-docking amortization of approximately $35 million.

Interest Income:  The Company expects interest income for the full year 2026 to be approximately $18 million.

Interest Expense, Net:  The Company expects interest expense, net for the full year 2026 to be approximately $6 million.

Other Income (Expense), Net:  The Company expects full year 2026 other income (expense), net to be approximately $7 million in income, which is attributable to the amortization of certain components of net periodic benefit costs or gains related to the Company's pension and post-retirement plans.

Income Taxes:  For the second quarter 2026, the Company's effective tax rate was 21.0 percent.  For the full year 2026, the Company expects its effective tax rate to be approximately 21.0 percent.

Capital and Vessel Dry-docking Expenditures:  For the second quarter 2026, the Company made capital expenditure payments excluding vessel construction expenditures of $25.4 million, vessel construction expenditures (including capitalized interest and owner's items) of $181.8 million, and dry-docking payments of $12.7 million.  For the full year 2026, the Company expects to make capital expenditure payments, including maintenance capital expenditures, of approximately $150 to $170 million, vessel construction expenditures (including capitalized interest and owner's items) of approximately $400 million, and dry-docking payments of approximately $45 million.

Results By Segment

Ocean Transportation — Three months ended June 30, 2026 compared with 2025

Three Months Ended June 30, 

(Dollars in millions)

2026

2025

Change

Ocean Transportation revenue

$

767.4

$

675.6

$

91.8

13.6

%

Operating costs and expenses

(623.4)

(577.0)

(46.4)

8.0

%

Operating income

$

144.0

$

98.6

$

45.4

46.0

%

Operating income margin

18.8

%

14.6

%

Volume by Service (Forty-foot equivalent units (FEU)) (1)

Hawaii containers

35,600

36,000

(400)

(1.1)

%

Alaska containers

21,200

21,700

(500)

(2.3)

%

China containers (2)

37,200

32,300

4,900

15.2

%

Guam containers

4,700

4,500

200

4.4

%

Other containers (3)

3,900

4,400

(500)

(11.4)

%

(1)

Approximate volume included for the period is based on the voyage departure date, but revenue and operating income are adjusted to reflect the percentage of revenue and operating income earned during the reporting period for voyages in transit at the end of each reporting period.

(2)

Includes containers from China and other Asia origins.

(3)

Includes containers from services in various islands in Micronesia and the South Pacific, and Okinawa, Japan.

Ocean Transportation revenue increased $91.8 million, or 13.6 percent, during the three months ended June 30, 2026, compared with the three months ended June 30, 2025.  The increase was primarily due to higher volume and freight rates in the China service.

On a year-over-year FEU basis, Hawaii service container volume decreased 1.1 percent primarily due to lower general demand; Alaska service volume decreased 2.3 percent primarily due to lower export seafood volume on AAX, partially offset by one additional northbound sailing; China service volume increased 15.2 percent primarily due to significantly higher demand compared to the prior year period, which included a market decline in Transpacific demand due to the tariffs imposed in April 2025; Guam service volume increased 4.4 percent; and Other containers volume decreased 11.4 percent.

Ocean Transportation operating income increased $45.4 million, or 46.0 percent, during the three months ended June 30, 2026, compared with the three months ended June 30, 2025.  The increase was primarily due to a higher contribution from the China service, partially offset by higher vessel operating expense primarily due to higher fuel-related costs.

The Company's SSAT terminal joint venture investment contributed $4.8 million during the three months ended June 30, 2026, compared to $7.3 million during the three months ended June 30, 2025.  The decrease was primarily due to lower lift volume and higher operating expenses.

Ocean Transportation — Six months ended June 30, 2026 compared with 2025

Six Months Ended June 30, 

(Dollars in millions)

2026

2025

Change

Ocean Transportation revenue

$

1,373.9

$

1,313.0

$

60.9

4.6

%

Operating costs and expenses

(1,175.3)

(1,140.8)

(34.5)

3.0

%

Operating income

$

198.6

$

172.2

$

26.4

15.3

%

Operating income margin

14.5

%

13.1

%

Volume by Service (Forty-foot equivalent units (FEU)) (1)

Hawaii containers

69,300

71,700

(2,400)

(3.3)

%

Alaska containers

40,500

41,400

(900)

(2.2)

%

China containers (2)

63,000

60,800

2,200

3.6

%

Guam containers

8,900

8,700

200

2.3

%

Other containers (3)

7,200

7,800

(600)

(7.7)

%

(1)

Approximate volume included for the period is based on the voyage departure date, but revenue and operating income are adjusted to reflect the percentage of revenue and operating income earned during the reporting period for voyages in transit at the end of each reporting period.

(2)

Includes containers from China and other Asia origins.

(3)

Includes containers from services in various islands in Micronesia and the South Pacific, and Okinawa, Japan.

Ocean Transportation revenue increased $60.9 million, or 4.6 percent, during the six months ended June 30, 2026, compared with the six months ended June 30, 2025.  The increase was primarily due to higher freight rates and volume in the China service.

On a year-over-year FEU basis, Hawaii service container volume decreased 3.3 percent primarily due to lower general demand; Alaska service volume decreased 2.2 percent primarily due to lower general demand; China service volume increased 3.6 percent primarily due to significantly higher demand in the second quarter 2026 compared to the second quarter 2025, which included a market decline in Transpacific demand due to the tariffs imposed in April 2025; Guam service volume increased 2.3 percent; and Other containers volume decreased 7.7 percent.

Ocean Transportation operating income increased $26.4 million, or 15.3 percent, during the six months ended June 30, 2026, compared with the six months ended June 30, 2025.  The increase was primarily due to a higher contribution from the China service, partially offset by higher vessel operating expense primarily due to higher fuel-related costs.

The Company's SSAT terminal joint venture investment contributed $9.8 million during the six months ended June 30, 2026, compared to $13.9 million during the six months ended June 30, 2025.  The decrease was primarily due to lower lift volume.

Logistics — Three months ended June 30, 2026 compared with 2025

Three Months Ended June 30, 

(Dollars in millions)

2026

2025

Change

Logistics revenue

$

202.0

$

154.9

$

47.1

30.4

%

Operating costs and expenses

(187.1)

(140.5)

(46.6)

33.2

%

Operating income

$

14.9

$

14.4

$

0.5

3.5

%

Operating income margin

7.4

%

9.3

%

Logistics revenue increased $47.1 million, or 30.4 percent, during the three months ended June 30, 2026, compared with the three months ended June 30, 2025.  The increase was primarily due to higher revenue in transportation brokerage.

Logistics operating income increased $0.5 million, or 3.5 percent, during the three months ended June 30, 2026, compared with the three months ended June 30, 2025.  The increase was primarily due to higher contributions from freight forwarding and transportation brokerage, partially offset by a lower contribution from warehousing.

Logistics — Six months ended June 30, 2026 compared with 2025

Six Months Ended June 30, 

(Dollars in millions)

2026

2025

Change

Logistics revenue

$

353.3

$

299.5

$

53.8

18.0

%

Operating costs and expenses

(331.6)

(276.6)

(55.0)

19.9

%

Operating income

$

21.7

$

22.9

$

(1.2)

(5.2)

%

Operating income margin

6.1

%

7.6

%

Logistics revenue increased $53.8 million, or 18.0 percent, during the six months ended June 30, 2026, compared with the six months ended June 30, 2025.  The increase was primarily due to higher revenue in transportation brokerage.

Logistics operating income decreased $1.2 million, or 5.2 percent, during the six months ended June 30, 2026, compared with the six months ended June 30, 2025.  The decrease was primarily due to a lower contribution from warehousing, partially offset by a higher contribution from freight forwarding.

Liquidity, Cash Flows and Capital Allocation

Matson's Cash and Cash Equivalents decreased by $22.6 million from $141.9 million at December 31, 2025 to $119.3 million at June 30, 2026.  As of June 30, 2026, there was $345.8 million of cash and cash equivalents and investments in fixed-rate U.S. Treasuries in the Capital Construction Fund.  Matson generated net cash from operating activities of $231.6 million during the six months ended June 30, 2026, compared to $194.6 million during the six months ended June 30, 2025.  Capital expenditures (including capitalized vessel construction expenditures) totaled $255.5 million for the six months ended June 30, 2026, compared with $175.5 million for the six months ended June 30, 2025.  Total debt decreased by $19.9 million during the six months to $341.3 million as of June 30, 2026, of which $301.6 million was classified as long-term debt.1  As of June 30, 2026, Matson had available borrowings under its revolving credit facility of $544.2 million.

During the second quarter 2026, Matson repurchased approximately 0.3 million shares for a total cost of $67.8 million.2  On April 23, 2026, Matson's Board of Directors approved an additional 3.0 million shares of common stock to be added to the Company's existing share repurchase program and extended the program to December 31, 2029.  As of June 30, 2026, there were approximately 3.4 million shares remaining in the Company's share repurchase program.  On June 25, 2026, Matson's Board of Directors also declared a cash dividend of $0.38 per share payable on September 3, 2026 to all shareholders of record as of the close of business on August 6, 2026.

1 Total debt is presented before any reduction for deferred loan fees as required by GAAP.

2 Includes stock repurchased during the quarter but not settled and taxes on share repurchases that will be paid after the quarter end.

Teleconference and Webcast

A conference call is scheduled on August 3, 2026 at 4:30 p.m. ET when Matt Cox, Chairman and Chief Executive Officer, and Joel Wine, Executive Vice President and Chief Financial Officer, will discuss Matson's second quarter results.

Date of Conference Call:

Monday, August 3, 2026

Scheduled Time:

4:30 p.m. ET / 1:30 p.m. PT / 10:30 a.m. HT

The conference call will be broadcast live along with an additional slide presentation on the Company's website at www.matson.com, under Investors. 

Participants may register for the conference call at:

https://register-conf.media-server.com/register/BIb1df4ff4daa14ab9936f4360acc3071b

Registered participants will receive the conference call dial-in number and a unique PIN code to access the live event.  While not required, it is recommended you join 10 minutes prior to the event starting time.  A replay of the conference call will be available approximately two hours after the event by accessing the webcast link at www.matson.com, under Investors.

About the Company

Founded in 1882, Matson (NYSE: MATX) is a leading provider of ocean transportation and logistics services.  Matson provides a vital lifeline of ocean freight transportation services to the domestic non-contiguous economies of Hawaii, Alaska, and Guam, and to other island economies in Micronesia.  Matson also operates premium, expedited services from China to Long Beach, California, which includes cargo from other Asia origins, provides services to Okinawa, Japan and various islands in the South Pacific, and operates an international export service from Alaska to Asia.  The Company's fleet of owned and chartered vessels includes containerships, combination container and roll-on/roll-off ships and barges.  Matson Logistics, established in 1987, extends the geographic reach of Matson's transportation network throughout North America and Asia.  Its integrated logistics services include rail intermodal, highway brokerage, warehousing, freight consolidation, supply chain management, and freight forwarding to Alaska.  Additional information about the Company is available at www.matson.com.

GAAP to Non-GAAP Reconciliation

This press release, the Form 8-K and the information to be discussed in the conference call include non-GAAP measures.  While Matson reports financial results in accordance with U.S. generally accepted accounting principles ("GAAP"), the Company also considers other non-GAAP measures to evaluate performance, make day-to-day operating decisions, help investors understand our ability to incur and service debt and to make capital expenditures, and to understand period-over-period operating results separate and apart from items that may, or could, have a disproportional positive or negative impact on results in any particular period.  These non-GAAP measures include, but are not limited to, Earnings Before Interest, Income Taxes, Depreciation and Amortization ("EBITDA").

Forward-Looking Statements

Statements in this news release that are not historical facts are "forward-looking statements," within the meaning of the Private Securities Litigation Reform Act of 1995, including without limitation those statements regarding outlook; operating income; depreciation and amortization, including dry-docking amortization; interest income; interest expense, net; other income (expense), net; tax rate; maintenance and other capital expenditures; capital and vessel dry-docking expenditures; volume; traditional seasonality patterns; capacity through peak season; impacts from the Iran conflict and tariffs; timing to recover fuel costs; freight demand; consumer demand and spending; trading environment; growth in Southeast Asia; geopolitical uncertainty; economic growth and drivers in Hawaii, Alaska and Guam; tourism levels; unemployment rates; construction activity; steady job market; energy-related inflation; oil and gas exploration and production activity; market share; contribution from SSAT; refleeting initiatives; timing and amount of milestone payments and related costs; delivery dates for new vessels; and the timing, manner and volume of repurchases of common stock pursuant to the repurchase program.  These statements involve a number of risks and uncertainties that could cause actual results to differ materially from those contemplated by the relevant forward-looking statement, including but not limited to risks and uncertainties relating to repeal, invalidation, substantial amendment or waiver of the Jones Act or changes in its application, or the Company were determined not to be a United States citizen under the Jones Act; changes in macroeconomic conditions, geopolitical developments, or governmental policies; our ability to offer a differentiated service in China for which customers are willing to pay a significant premium; new or increased competition; loss of or damage to key customer relationships; agreements with key vendors and third parties; fuel prices, our ability to collect fuel-related surcharges and/or the cost or limited availability of required fuels; evolving regulations and stakeholder expectations related to sustainability matters; timely or successful completion of fleet upgrade initiatives; performance under the Company's vessel construction agreements with Hanwha Philly Shipyard; the occurrence of weather, natural disasters, maritime accidents, spill events and other physical and operating risks; transitional and other risks arising from climate change; actual or threatened health epidemics, outbreaks of disease, pandemics or other major health crises; significant operating agreements and leases that may not be renewed/replaced on favorable or acceptable terms; any unexpected dry-docking or repair costs; joint venture relationships; conducting business in foreign markets, including the imposition of tariffs or a change in international trade policies; modernization of terminals in Hawaii and Alaska; heightened security measures, war, actual or threatened terrorist attacks, efforts to combat terrorism and other acts of violence; consummating and integrating acquisitions; work stoppages or other labor disruptions caused by our unionized workers and other workers or their unions in related industries; loss of key personnel or failure to adequately manage human capital; the use of our information technology and communication systems; cybersecurity attacks; changes in our credit profile, disruptions of the credit markets or higher interest rates; our ability to access the debt capital markets; periodic revisions to the Company's effective income tax rate; changes in the value of pension assets; exposure under multi-employer pension and post-retirement plans; continuation of the Title XI and CCF programs; costs to comply with and liability related to numerous safety, environmental, and other laws and regulations; and disputes, legal and other proceedings and government inquiries or investigations.  These forward-looking statements are not guarantees of future performance.  This release should be read in conjunction with our Annual Report on Form 10-K for the year ended December 31, 2025 and our other filings with the SEC through the date of this release, which identify important factors that could affect the forward-looking statements in this release.  We do not undertake any obligation to update our forward-looking statements.

MATSON, INC. AND SUBSIDIARIES

Condensed Consolidated Statements of Income

(Unaudited)

Three Months Ended

Six Months Ended

June 30, 

June 30, 

(In millions, except per share amounts)

2026

2025

2026

2025

Operating Revenue:

Ocean Transportation

$

767.4

$

675.6

$

1,373.9

$

1,313.0

Logistics

202.0

154.9

353.3

299.5

Total Operating Revenue

969.4

830.5

1,727.2

1,612.5

Costs and Expenses:

Operating costs

(737.3)

(650.4)

(1,361.2)

(1,281.5)

Income from SSAT

4.8

7.3

9.8

13.9

General and administrative

(78.0)

(74.4)

(155.5)

(149.8)

Total Costs and Expenses

(810.5)

(717.5)

(1,506.9)

(1,417.4)

Operating Income

158.9

113.0

220.3

195.1

Interest income

5.0

8.0

11.1

17.4

Interest expense, net

(1.6)

(1.7)

(3.2)

(3.4)

Other income (expense), net

1.6

2.4

3.6

4.8

Income before Taxes

163.9

121.7

231.8

213.9

Income taxes

(34.5)

(27.0)

(45.8)

(46.9)

Net Income

$

129.4

$

94.7

$

186.0

$

167.0

Basic Earnings Per Share

$

4.30

$

2.95

$

6.16

$

5.14

Diluted Earnings Per Share

$

4.27

$

2.92

$

6.10

$

5.09

Weighted Average Number of Shares Outstanding:

Basic

30.1

32.1

30.2

32.5

Diluted

30.3

32.4

30.5

32.8

MATSON, INC. AND SUBSIDIARIES

Condensed Consolidated Balance Sheets

(Unaudited)

June 30, 

December 31, 

(In millions)

2026

2025

ASSETS

Current Assets:

Cash and cash equivalents

$

119.3

$

141.9

Other current assets

416.7

330.0

Total current assets

536.0

471.9

Long-term Assets:

Investment in SSAT

106.2

96.2

Property and equipment, net

2,680.3

2,499.4

Goodwill

327.8

327.8

Intangible assets, net

140.3

146.6

Capital Construction Fund

345.8

532.7

Other long-term assets

577.1

561.0

Total long-term assets

4,177.5

4,163.7

Total assets

$

4,713.5

$

4,635.6

LIABILITIES AND SHAREHOLDERS' EQUITY

Current Liabilities:

Current portion of debt

$

39.7

$

39.7

Other current liabilities

564.1

487.7

Total current liabilities

603.8

527.4

Long-term Liabilities:

Long-term debt, net of deferred loan fees

292.7

312.1

Deferred income taxes, net

704.4

701.9

Other long-term liabilities

339.5

335.2

Total long-term liabilities

1,336.6

1,349.2

Total shareholders' equity

2,773.1

2,759.0

Total liabilities and shareholders' equity

$

4,713.5

$

4,635.6

MATSON, INC. AND SUBSIDIARIES

Condensed Consolidated Statements of Cash Flows

(Unaudited)

Six Months Ended June 30, 

(In millions)

2026

2025

Cash Flows From Operating Activities:

Net income

$

186.0

$

167.0

Reconciling adjustments:

Depreciation and amortization

84.3

81.8

Amortization of operating lease right-of-use assets

68.8

66.9

Deferred income taxes, net

2.5

0.3

Share-based compensation expense

11.7

11.7

Income from SSAT

(9.8)

(13.9)

Other

(0.1)

(4.7)

Changes in assets and liabilities:

Accounts receivable, net

(78.6)

(19.7)

Deferred dry-docking payments

(24.6)

(23.8)

Deferred dry-docking amortization

16.1

13.6

Prepaid expenses and other assets

(9.2)

(10.6)

Accounts payable, accruals and other liabilities

50.3

(3.0)

Operating lease assets and liabilities, net

(63.6)

(67.8)

Other long-term liabilities

(2.2)

(3.2)

Net cash provided by operating activities

231.6

194.6

Cash Flows From Investing Activities:

Vessel construction expenditures

(199.8)

(104.1)

Capital expenditures (excluding vessel construction expenditures)

(55.7)

(71.4)

Proceeds from disposal of property and equipment, net

(0.1)

0.5

Cash and interest deposited into the Capital Construction Fund

(9.5)

(109.1)

Withdrawals from Capital Construction Fund

197.7

100.7

Net cash used in investing activities

(67.4)

(183.4)

Cash Flows From Financing Activities:

Repayments of debt

(19.9)

(19.9)

Dividends paid

(22.0)

(22.3)

Repurchase of Matson common stock

(119.8)

(160.4)

Tax withholding related to net share settlements of restricted stock units

(25.1)

(16.3)

Net cash used in financing activities

(186.8)

(218.9)

Net Decrease in Cash and Cash Equivalents

(22.6)

(207.7)

Cash and Cash Equivalents, Beginning of the Period

141.9

266.8

Cash and Cash Equivalents, End of the Period

$

119.3

$

59.1

Supplemental Cash Flow Information:

Interest paid, net of capitalized interest

$

2.5

$

2.7

Income taxes paid, net of income tax refunds

$

31.7

$

40.7

Non-cash Information:

Capital expenditures included in accounts payable, accruals and other liabilities

$

3.8

$

4.0

Accrued dividends

$

11.4

$

11.4

MATSON, INC. AND SUBSIDIARIES

Net Income to EBITDA Reconciliations

(Unaudited)

Three Months Ended

June 30, 

Last Twelve

(In millions)

2026

2025

Change

Months

Net Income

$

129.4

$

94.7

$

34.7

$

463.8

Subtract:

Interest income

(5.0)

(8.0)

3.0

(25.4)

Add:

Interest expense, net

1.6

1.7

(0.1)

6.6

Add:

Income taxes

34.5

27.0

7.5

87.9

Add:

Depreciation and amortization

42.1

41.2

0.9

169.4

Add:

Deferred dry-docking amortization

8.4

7.0

1.4

31.4

EBITDA (1)

$

211.0

$

163.6

$

47.4

$

733.7

Six Months Ended

June 30, 

(In millions)

2026

2025

Change

Net Income

$

186.0

$

167.0

$

19.0

Subtract:

Interest income

(11.1)

(17.4)

6.3

Add:

Interest expense, net

3.2

3.4

(0.2)

Add:

Income taxes

45.8

46.9

(1.1)

Add:

Depreciation and amortization

84.3

81.8

2.5

Add:

Deferred dry-docking amortization

16.1

13.6

2.5

EBITDA (1)

$

324.3

$

295.3

$

29.0

(1)

EBITDA is defined as earnings before interest, income taxes, depreciation and amortization (including deferred dry-docking amortization).  EBITDA should not be considered as an alternative to net income (as determined in accordance with GAAP), as an indicator of our operating performance, or to cash flows from operating activities (as determined in accordance with GAAP) as a measure of liquidity.  Our calculation of EBITDA may not be comparable to EBITDA as calculated by other companies, nor is this calculation identical to the EBITDA used by our lenders to determine financial covenant compliance.

SOURCE Matson, Inc.

Posted by Defense World Staff on Jul 31st, 2026

First Trust Advisors LP grew its holdings in shares of Matson, Inc. (NYSE:MATX – Free Report) by 61.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 81,319 shares of the shipping company’s stock after buying an additional 30,998 shares during the quarter. First Trust Advisors LP owned 0.27% of Matson worth $13,331,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. EverSource Wealth Advisors LLC lifted its stake in shares of Matson by 57.3% in the 4th quarter. EverSource Wealth Advisors LLC now owns 258 shares of the shipping company’s stock valued at $32,000 after purchasing an additional 94 shares during the last quarter. Bessemer Group Inc. lifted its position in Matson by 0.3% in the first quarter. Bessemer Group Inc. now owns 30,624 shares of the shipping company’s stock worth $5,021,000 after buying an additional 104 shares during the last quarter. Linden Thomas Advisory Services LLC lifted its position in Matson by 0.4% in the fourth quarter. Linden Thomas Advisory Services LLC now owns 29,456 shares of the shipping company’s stock worth $3,639,000 after buying an additional 109 shares during the last quarter. Cetera Investment Advisers increased its position in Matson by 4.4% during the fourth quarter. Cetera Investment Advisers now owns 3,880 shares of the shipping company’s stock valued at $479,000 after acquiring an additional 164 shares during the last quarter. Finally, Amundi raised its stake in shares of Matson by 3.1% in the third quarter. Amundi now owns 5,637 shares of the shipping company’s stock valued at $557,000 after acquiring an additional 168 shares during the period. Institutional investors own 84.76% of the company’s stock.

Insiders Place Their Bets In other Matson news, SVP Laura L. Rascon sold 2,800 shares of Matson stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $188.53, for a total value of $527,884.00. Following the transaction, the senior vice president owned 15,656 shares in the company, valued at $2,951,625.68. The trade was a 15.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Peter T. Heilmann sold 7,173 shares of Matson stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $180.19, for a total transaction of $1,292,502.87. Following the completion of the transaction, the executive vice president directly owned 25,506 shares in the company, valued at approximately $4,595,926.14. The trade was a 21.95% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 23,963 shares of company stock worth $4,349,268. 2.51% of the stock is owned by corporate insiders.

Analyst Ratings Changes A number of research firms recently commented on MATX. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Matson in a research note on Friday, May 29th. JPMorgan Chase & Co. assumed coverage on shares of Matson in a research note on Monday, April 27th. They issued an “overweight” rating and a $230.00 price objective for the company. Finally, Zacks Research upgraded Matson to a “hold” rating in a research report on Wednesday, April 29th. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $181.25.

View Our Latest Analysis on Matson

Matson Price Performance Matson stock opened at $203.59 on Friday. The stock has a market cap of $6.16 billion, a price-to-earnings ratio of 14.96 and a beta of 1.28. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.82 and a quick ratio of 0.82. Matson, Inc. has a 1 year low of $86.97 and a 1 year high of $230.74. The firm has a 50-day moving average of $198.76 and a two-hundred day moving average of $176.83.

Matson (NYSE:MATX – Get Free Report) last issued its earnings results on Monday, May 4th. The shipping company reported $1.85 EPS for the quarter, topping analysts’ consensus estimates of $1.65 by $0.20. Matson had a net margin of 12.92% and a return on equity of 15.90%. The business had revenue of $757.80 million for the quarter, compared to analyst estimates of $777.55 million. During the same period last year, the company posted $2.18 earnings per share. The company’s quarterly revenue was down 3.1% compared to the same quarter last year. On average, research analysts forecast that Matson, Inc. will post 14.16 earnings per share for the current year.

Matson Increases Dividend The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 6th will be issued a $0.38 dividend. The ex-dividend date is Thursday, August 6th. This is an increase from Matson’s previous quarterly dividend of $0.36. This represents a $1.52 annualized dividend and a dividend yield of 0.7%. Matson’s dividend payout ratio is presently 10.58%.

Matson Company Profile (Free Report)

Matson, Inc (NYSE: MATX) is a U.S.-based provider of ocean transportation and supply chain logistics services with a focus on Pacific trade lanes. The company operates a fleet of container ships that regularly service Hawaii, Alaska, Guam, Micronesia and other Pacific islands, as well as mainland U.S. ports. Matson’s ocean transportation segment offers scheduled liner services, expedited shipping options and specialized project cargo handling for industries ranging from retail to heavy machinery.

In addition to its core liner operations, Matson offers ocean transportation services between Asia and the U.S.

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Wall Street expects a year-over-year increase in earnings on higher revenues when Matson (MATX - Free Report) reports results for the quarter ended June 2026. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.

The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on August 3. On the other hand, if they miss, the stock may move lower.

While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.

Zacks Consensus EstimateThis ocean transportation and logistics services company is expected to post quarterly earnings of $3.74 per share in its upcoming report, which represents a year-over-year change of +28.1%.

Revenues are expected to be $906.81 million, up 9.2% from the year-ago quarter.

Estimate Revisions TrendThe consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.

Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.

Price, Consensus and EPS Surprise

Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.

Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.

A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.

Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).

How Have the Numbers Shaped Up for Matson?For Matson, the Most Accurate Estimate is the same as the Zacks Consensus Estimate, suggesting that there are no recent analyst views which differ from what have been considered to derive the consensus estimate. This has resulted in an Earnings ESP of 0%.

On the other hand, the stock currently carries a Zacks Rank of #2.

So, this combination makes it difficult to conclusively predict that Matson will beat the consensus EPS estimate.

Does Earnings Surprise History Hold Any Clue?While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.

For the last reported quarter, it was expected that Matson would post earnings of $1.65 per share when it actually produced earnings of $1.85, delivering a surprise of +12.12%.

Over the last four quarters, the company has beaten consensus EPS estimates two times.

Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.

That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.

Matson doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.

Expected Results of an Industry PlayerSchneider National (SNDR - Free Report) , another stock in the Zacks Transportation - Services industry, is expected to report earnings per share of $0.22 for the quarter ended June 2026. This estimate points to a year-over-year change of +4.8%. Revenues for the quarter are expected to be $1.51 billion, up 6.2% from the year-ago quarter.

The consensus EPS estimate for Schneider National has been revised 1.3% higher over the last 30 days to the current level. However, a higher Most Accurate Estimate has resulted in an Earnings ESP of +1.50%.

This Earnings ESP, combined with its Zacks Rank #2 (Buy), suggests that Schneider National will most likely beat the consensus EPS estimate. Over the last four quarters, the company surpassed EPS estimates just once.

Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.

Expects 2Q26 consolidated operating income to be $153.0 to $160.0 million Expects 2Q26 net income and diluted EPS to be $124.8 to $130.3 million and $4.12 to $4.30, respectively Year-over-year increase in consolidated operating income driven primarily by higher contribution from China service Repurchased approximately 0.3 million shares in 2Q26 Announces second quarter earnings call date on August 3, 2026 HONOLULU, July 15, 2026 /PRNewswire/ -- Matson, Inc. ("Matson" or the "Company") (NYSE: MATX) today announces preliminary second quarter financial results, provides a business update and announces that its second quarter earnings call will be held on August 3, 2026. Matt Cox, Matson's Chairman and Chief Executive Officer, commented, "Matson had a strong second quarter with momentum in our China service carrying over from the post-Lunar New Year period.

Matson (MATX) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.

, /PRNewswire/ -- The Board of Directors of Matson, Inc. (NYSE: MATX), a leading U.S. carrier in the Pacific, has declared a third quarter dividend of $0.38 per common share. The dividend represents a two-cent, or 5.6%, increase over the previous quarter's dividend and will be paid on September 3, 2026 to all shareholders of record as of the close of business on August 6, 2026.

"This announcement marks the fourteenth consecutive annual increase to Matson's quarterly dividend," said Matt Cox, Matson's Chairman and Chief Executive Officer. "The increase reflects the strength of our business and confidence in our long-term free cash flow growth. We will continue to be disciplined in our approach to capital allocation and are committed to the return of excess capital to shareholders through the execution of share repurchases after funding our dividend, supporting our operations with maintenance capital, and investing in growth opportunities, while maintaining an investment grade balance sheet."

About the Company

Founded in 1882, Matson (NYSE: MATX) is a leading provider of ocean transportation and logistics services. Matson provides a vital lifeline of ocean freight transportation services to the domestic non-contiguous economies of Hawaii, Alaska, and Guam, and to other island economies in Micronesia. Matson also operates premium, expedited services from China to Long Beach, California, which includes cargo from other Asia origins, provides services to Okinawa, Japan and various islands in the South Pacific, and operates an international export service from Alaska to Asia. The Company's fleet of owned and chartered vessels includes containerships, combination container and roll-on/roll-off ships and barges. Matson Logistics, established in 1987, extends the geographic reach of Matson's transportation network throughout North America and Asia. Its integrated logistics services include rail intermodal, highway brokerage, warehousing, freight consolidation, supply chain management, and freight forwarding to Alaska. Additional information about the Company is available at www.matson.com.

Forward Looking Statements

Statements in this news release that are not historical facts are "forward-looking statements," within the meaning of the Private Securities Litigation Reform Act of 1995, that involve a number of risks and uncertainties that could cause actual results to differ materially from those contemplated by the relevant forward-looking statement, including but not limited to, statements about capital allocation plans, the timing, manner and volume of repurchases of common shares pursuant to the repurchase program, and use of excess cash. These forward-looking statements are not guarantees of future performance. This release should be read in conjunction with our Annual Report on Form 10-K and our other filings with the SEC through the date of this release, which identify important factors that could affect the forward-looking statements in this release. We do not undertake any obligation to update our forward-looking statements.

SOURCE Matson, Inc.

Yet many tanker and shipping stocks are refusing to follow oil lower.

The divergence suggests investors may be focusing on something other than the price of oil itself.

The Market May Be Trading Freight, Not CrudeFor much of the year, rising oil prices and tanker stocks moved in the same direction as geopolitical tensions in the Middle East escalated.

But the recent pullback in crude prices highlights an important distinction.

Tanker operators do not necessarily benefit from higher oil prices. Instead, they benefit from moving oil.

As conflict and uncertainty increase around critical shipping routes such as the Strait of Hormuz, the cost of transporting crude can rise dramatically. Longer voyages, rerouted cargoes, higher insurance costs and elevated freight rates can all boost earnings for tanker operators even if oil prices themselves begin to decline.

That dynamic appears to be playing out now.

While crude prices are responding to diplomatic developments, freight markets may still be pricing in lingering risks to global shipping networks.

The Stocks Tell A Different StoryThe performance gap becomes even more striking when viewed over a longer timeframe.

While USO has gained 65.7% year-to-date, Frontline has surged nearly 89%. Scorpio Tankers has climbed 57%, Matson Inc. (NYSE:MATX) has advanced 56%, and Teekay Tankers has gained almost 44%.

Those returns suggest investors have increasingly viewed shipping companies as a leveraged way to play disruptions in global trade and energy infrastructure.

In other words, the market’s best energy trade may not have been oil itself.

It may have been the ships that move it.

What Investors Are Watching NextThe key question now is whether tanker stocks can continue outperforming if oil prices keep falling.

For now, investors appear to believe that geopolitical risks have not disappeared simply because crude prices have pulled back. Freight markets, shipping routes and energy supply chains remain vulnerable to disruptions, and those factors can continue supporting tanker rates long after the commodity itself cools.

That may explain why oil just suffered one of its worst weeks in months, while many tanker stocks barely flinched.

The market may be signaling that the next chapter of the energy trade is no longer about what’s in the barrel—it’s about how that barrel gets from point A to point B.

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$3.1 million to Food Security programs $ 1.8 million to Health & Human Services $871K to Environmental programs , /PRNewswire/ -- Matson contributed a total of $8.6 million in cash and in-kind support in 2025 to 709 charitable organizations and non-profit programs across the communities it serves. 

Cash contributions, including funds directed by employees through the company's Matching Gift program, added up to $3.7 million in 2025, while the value of donated services and equipment totaled $4.9 million.

Matson ‘Aloha Class’ containership Daniel K. Inouye. (PRNewsfoto/MATSON, INC. - PR) The biggest categories of giving for the year were Food Security programs, with $3.1 million in cash and in-kind support; Health & Human Services with $1.8 million in cash and in-kind support; and Environmental programs with $871,000 in cash and in-kind support.

As part of its pandemic response plan in 2020, Matson made a multi-year commitment of $5 million in cash and in-kind services to support food bank networks in Hawaii, Alaska and Guam. In 2023, the company committed to providing another $5 million in cash and in-kind services to continue supporting community food bank networks through 2026.

In 2025, Matson contributed $5.8 million in cash, services and equipment support to organizations in Hawaii, Guam/Micronesia and the South Pacific, with the largest category of giving in Food, Agriculture & Nutrition program support at $2.6 million. The company donated $1.9 million in cash and services to organizations in Alaska, and more than $897,000 in cash donations to community organizations on the continental U.S.

Substantial contributions from donated or discounted shipping supported food banks and food security programs in Hawaii and Alaska as well as environmental and recycling programs in Alaska.

In Hawaii, Matson added 100 containers to its existing pledge of 400 containers of in‑kind shipping services annually through 2026 to help Hawaii Foodbank meet rising demand, equating to 3.5 million additional meals for Hawaii families. Matson also donated $25,000 in cash to The Food Basket, Hawaii Island's Foodbank, and $25,000 in cash to Hawaii Foodbank Kauai.

Larger contributions of in-kind services or cash in Hawaii include:

Hawaii Foodbank - $1.9M Maui Foodbank - $ 555,000 Maui Wildfire Recovery - $ 526,000 Hawaii Pacific Health - $116,000 Big Brothers Big Sisters Hawaii - $100,000 PBS Hawaii - $100,000 Children's Discovery Center - $100,000 Larger contributions of in-kind services or cash in Alaska include:

Alaskans for Litter Prevention and Recycling - $658,700 Food Bank of Alaska - $254,000 University of Alaska Foundation - $66,000 Seward Association for the Advancement of Marine Science - $65,000 Larger contributions of primarily in-kind services in Guam and Micronesia include:

University of Guam Endowment Foundation - $70,000 Ayuda Foundation - $67,000 Canvasback Missions - $25,000 Pacific Mini Games - $21,000 500 Sails - $17,000 Contributions supporting social service programs include:

$100,000 in targeted annual grants supporting 10 social service focused nonprofit programs in Matson communities $87,000 in higher education scholarships aimed at supporting student leaders pursuing fields of study in maritime and supply chain logistics Led by employee committees in Hawaii, Alaska and Guam, Matson focuses its community support on local programs providing vital health care and human services; youth development / recreation; disaster preparedness and recovery; education; cultural and environmental preservation; the arts; agriculture and nutrition; and maritime safety.

Additional information on Matson's community support activities is available in the company's Sustainability Reports posted online at: https://www.matson.com/sustainability/sustainability-reports.html

About the Company

Founded in 1882, Matson (NYSE: MATX) is a leading provider of ocean transportation and logistics services. Matson provides a vital lifeline of ocean freight transportation services to the domestic non-contiguous economies of Hawaii, Alaska, and Guam, and to other island economies in Micronesia. Matson also operates premium, expedited services from China to Long Beach, California, which includes cargo from other Asia origins, provides service to Okinawa, Japan and various islands in the South Pacific, and operates an international export service from Alaska to Asia. The Company's fleet of owned and chartered vessels includes containerships, combination container and roll-on/roll-off ships and barges. Matson Logistics, established in 1987, extends the geographic reach of Matson's transportation network throughout North America and Asia. Its integrated logistics services include rail intermodal, highway brokerage, warehousing, freight consolidation, supply chain management, and freight forwarding to Alaska. Additional information about the Company is available at www.matson.com.

Contact:
Keoni Wagner
Matson
(808) 221-1467
[email protected]

SOURCE Matson, Inc.

Posted by Defense World Staff on Apr 6th, 2026

Matson, Inc. (NYSE:MATX – Get Free Report) has earned a consensus rating of “Hold” from the six ratings firms that are covering the stock, MarketBeat reports. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $156.25.

Several analysts recently commented on the stock. Wall Street Zen downgraded shares of Matson from a “buy” rating to a “hold” rating in a research report on Sunday, March 15th. Wolfe Research restated an “outperform” rating and issued a $167.00 price objective on shares of Matson in a research note on Thursday, January 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Matson in a report on Monday, December 29th. Finally, Stephens increased their target price on shares of Matson from $190.00 to $213.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 21st.

Check Out Our Latest Stock Report on Matson

Matson Trading Up 0.2% MATX opened at $166.77 on Monday. The firm has a market cap of $5.07 billion, a price-to-earnings ratio of 11.96 and a beta of 1.33. Matson has a 52 week low of $86.97 and a 52 week high of $177.51. The business’s 50 day moving average is $161.39 and its two-hundred day moving average is $129.97. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.11.

Matson (NYSE:MATX – Get Free Report) last posted its quarterly earnings data on Tuesday, February 24th. The shipping company reported $4.60 earnings per share for the quarter, beating the consensus estimate of $3.69 by $0.91. The business had revenue of $851.90 million during the quarter, compared to the consensus estimate of $847.30 million. Matson had a return on equity of 16.63% and a net margin of 13.30%.The company’s revenue was down 4.3% compared to the same quarter last year. During the same period in the prior year, the company earned $3.80 earnings per share. On average, research analysts predict that Matson will post 13.27 EPS for the current year.

Matson Announces Dividend The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 5th. Shareholders of record on Thursday, February 5th were paid a dividend of $0.36 per share. The ex-dividend date of this dividend was Thursday, February 5th. This represents a $1.44 annualized dividend and a yield of 0.9%. Matson’s dividend payout ratio is currently 10.33%.

Insider Activity at Matson In related news, EVP Peter T. Heilmann sold 13,000 shares of the stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $165.46, for a total transaction of $2,150,980.00. Following the completion of the sale, the executive vice president directly owned 32,679 shares of the company’s stock, valued at $5,407,067.34. This trade represents a 28.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Christopher A. Scott sold 2,509 shares of Matson stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $155.00, for a total transaction of $388,895.00. Following the completion of the transaction, the senior vice president owned 14,533 shares in the company, valued at approximately $2,252,615. This trade represents a 14.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 42,550 shares of company stock worth $7,034,602 in the last ninety days. Company insiders own 2.51% of the company’s stock.

Hedge Funds Weigh In On Matson A number of large investors have recently bought and sold shares of the company. Danske Bank A S acquired a new position in shares of Matson during the fourth quarter worth about $25,000. Federated Hermes Inc. lifted its position in Matson by 124.3% in the third quarter. Federated Hermes Inc. now owns 249 shares of the shipping company’s stock valued at $25,000 after purchasing an additional 138 shares during the period. SouthState Bank Corp purchased a new stake in Matson in the 4th quarter valued at approximately $31,000. Headlands Technologies LLC purchased a new stake in Matson in the 2nd quarter valued at approximately $28,000. Finally, EverSource Wealth Advisors LLC increased its position in Matson by 57.3% during the 4th quarter. EverSource Wealth Advisors LLC now owns 258 shares of the shipping company’s stock worth $32,000 after purchasing an additional 94 shares during the period. Hedge funds and other institutional investors own 84.76% of the company’s stock.

About Matson (Get Free Report)

Matson, Inc (NYSE: MATX) is a U.S.-based provider of ocean transportation and supply chain logistics services with a focus on Pacific trade lanes. The company operates a fleet of container ships that regularly service Hawaii, Alaska, Guam, Micronesia and other Pacific islands, as well as mainland U.S. ports. Matson’s ocean transportation segment offers scheduled liner services, expedited shipping options and specialized project cargo handling for industries ranging from retail to heavy machinery.

In addition to its core liner operations, Matson offers ocean transportation services between Asia and the U.S.

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Posted by Defense World Staff on Apr 17th, 2026

RXO (NYSE:RXO – Get Free Report) and Matson (NYSE:MATX – Get Free Report) are both mid-cap transportation companies, but which is the better investment? We will contrast the two companies based on the strength of their risk, dividends, profitability, valuation, institutional ownership, analyst recommendations and earnings.

Analyst Recommendations This is a breakdown of current ratings for RXO and Matson, as provided by MarketBeat.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score RXO 3 10 3 0 2.00 Matson 0 4 2 0 2.33 RXO currently has a consensus target price of $15.77, suggesting a potential downside of 12.43%. Matson has a consensus target price of $156.25, suggesting a potential downside of 10.32%. Given Matson’s stronger consensus rating and higher probable upside, analysts clearly believe Matson is more favorable than RXO.

Earnings & Valuation This table compares RXO and Matson”s gross revenue, earnings per share and valuation.

Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio RXO $5.74 billion 0.52 -$100.00 million ($0.58) -31.05 Matson $3.34 billion 1.58 $444.80 million $13.94 12.50 Matson has lower revenue, but higher earnings than RXO. RXO is trading at a lower price-to-earnings ratio than Matson, indicating that it is currently the more affordable of the two stocks.

Volatility and Risk RXO has a beta of 1.65, meaning that its stock price is 65% more volatile than the S&P 500. Comparatively, Matson has a beta of 1.33, meaning that its stock price is 33% more volatile than the S&P 500.

Insider & Institutional Ownership 92.7% of RXO shares are owned by institutional investors. Comparatively, 84.8% of Matson shares are owned by institutional investors. 0.8% of RXO shares are owned by insiders. Comparatively, 2.5% of Matson shares are owned by insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a stock is poised for long-term growth.

Profitability This table compares RXO and Matson’s net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets RXO -1.74% -0.44% -0.22% Matson 13.30% 16.63% 9.75% Summary Matson beats RXO on 10 of the 14 factors compared between the two stocks.

About RXO (Get Free Report)

RXO, Inc. provides full truckload freight transportation brokering services. It also offers brokered services for managed transportation, last mile, and freight forwarding. The company was incorporated in 2022 and is based in Charlotte, North Carolina.

About Matson (Get Free Report)

Matson, Inc., together with its subsidiaries, engages in the provision of ocean transportation and logistics services. It operates through two segments, Ocean Transportation and Logistics. The Ocean Transportation segment offers ocean freight transportation services to the domestic non-contiguous economies of Hawaii, Japan, Alaska, and Guam, as well as to other island economies in Micronesia. It primarily transports dry containers of mixed commodities, refrigerated commodities, food products, beverages, building materials, automobiles, and household goods; livestock; seafood; general sustenance cargo; and garments, footwear, e-commerce, and other retail merchandise. This segment also operates an expedited service from China to Long Beach, California, and various islands in the South Pacific, as well as Okinawa, Japan; and provides stevedoring, refrigerated cargo services, inland transportation, container equipment maintenance, and other terminal services to ocean carriers on the Hawaiian islands of Oahu, Hawaii, Maui, and Kauai, as well as in the Alaska locations of Anchorage, Kodiak, and Dutch Harbor. In addition, it offers vessel management and container transshipment services. The Logistics segment provides multimodal transportation brokerage services, including domestic and international rail intermodal, long-haul and regional highway trucking, specialized hauling, flat-bed and project, less-than-truckload, and expedited freight services; less-than-container load consolidation and freight forwarding services; warehousing and distribution services; supply chain management services, and non-vessel operating common carrier freight forwarding services. It serves the U.S. military, freight forwarders, retailers, consumer goods, automobile manufacturers, and other customers. The company was formerly known as Alexander & Baldwin Holdings, Inc. and changed its name to Matson, Inc. in June 2012. Matson, Inc. was founded in 1882 and is headquartered in Honolulu, Hawaii.

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, /PRNewswire/ -- Matson, Inc. ("Matson" or the "Company") (NYSE: MATX), a leading U.S. carrier in the Pacific, today announced that it will release its financial results for the first quarter on Monday, May 4, 2026.

A conference call is scheduled for 4:30 p.m. ET when Matt Cox, Chairman and Chief Executive Officer, and Joel Wine, Executive Vice President and Chief Financial Officer, will discuss Matson's first quarter results.

Date of Conference Call:

Monday, May 4, 2026

Scheduled Time:

4:30 p.m. ET / 1:30 p.m. PT / 10:30 a.m. HT

The conference call will be broadcast live along with an additional slide presentation on the Company's website at www.matson.com, under Investors. 

Participants may register for the conference call at:

https://register-conf.media-server.com/register/BI512867b8cdba4b7f9aa576788a36799a

Registered participants will receive the conference call dial-in number and a unique PIN code to access the live event. While not required, it is recommended you join 10 minutes prior to the event starting time. A replay of the conference call will be available approximately two hours after the event by accessing the webcast link at www.matson.com, under Investors.

About the Company
Founded in 1882, Matson (NYSE: MATX) is a leading provider of ocean transportation and logistics services. Matson provides a vital lifeline of ocean freight transportation services to the domestic non-contiguous economies of Hawaii, Alaska, and Guam, and to other island economies in Micronesia. Matson also operates premium, expedited services from China to Long Beach, California, which includes cargo from other Asia origins, provides services to Okinawa, Japan and various islands in the South Pacific, and operates an international export service from Alaska to Asia. The Company's fleet of owned and chartered vessels includes containerships, combination container and roll-on/roll-off ships and barges. Matson Logistics, established in 1987, extends the geographic reach of Matson's transportation network throughout North America and Asia. Its integrated logistics services include rail intermodal, highway brokerage, warehousing, freight consolidation, supply chain management, and freight forwarding to Alaska. Additional information about the Company is available at www.matson.com.

SOURCE Matson, Inc.

, /PRNewswire/ -- The Board of Directors of Matson, Inc. (NYSE: MATX), a leading U.S. carrier in the Pacific, approved adding three million shares to its existing share repurchase program and extending the program to December 31, 2029.  As of April 23, 2026, the existing share repurchase program had approximately 0.7 million shares remaining.  The Board also declared a second quarter dividend of $0.36 per common share.  The dividend will be paid on June 4, 2026 to all shareholders of record as of the close of business on May 7, 2026.

"We are pleased to announce an additional three million shares to our existing share repurchase program," said Matt Cox, Matson's Chairman and Chief Executive Officer.  "Since we commenced our share repurchase program in August 2021, we have repurchased approximately 14.3 million shares, or approximately 33% of the then outstanding shares, for a total cost of $1.3 billion.  Going forward, we will continue to be both disciplined and opportunistic in our capital allocation, and we remain committed to returning excess cash to shareholders to create additional shareholder value over the long-term." 

Shares will be repurchased in the open market from time to time at the Company's discretion, based on ongoing assessments of the capital needs of the business, the market price of its common shares and general market conditions.  The Company may enter into Rule 10b5-1 plans to facilitate purchases under the program.  The repurchase program may be suspended or discontinued at any time.

About the Company

Founded in 1882, Matson (NYSE: MATX) is a leading provider of ocean transportation and logistics services.  Matson provides a vital lifeline of ocean freight transportation services to the domestic non-contiguous economies of Hawaii, Alaska, and Guam, and to other island economies in Micronesia.  Matson also operates premium, expedited services from China to Long Beach, California, which includes cargo from other Asia origins, provides services to Okinawa, Japan and various islands in the South Pacific, and operates an international export service from Alaska to Asia.  The Company's fleet of owned and chartered vessels includes containerships, combination container and roll-on/roll-off ships and barges.  Matson Logistics, established in 1987, extends the geographic reach of Matson's transportation network throughout North America and Asia.  Its integrated logistics services include rail intermodal, highway brokerage, warehousing, freight consolidation, supply chain management, and freight forwarding to Alaska.  Additional information about the Company is available at www.matson.com.

Forward Looking Statements

Statements in this news release that are not historical facts are "forward-looking statements," within the meaning of the Private Securities Litigation Reform Act of 1995, that involve a number of risks and uncertainties that could cause actual results to differ materially from those contemplated by the relevant forward-looking statement, including but not limited to, statements about capital allocation plans, the timing, manner and volume of repurchases of common shares pursuant to the repurchase program, and use of excess cash.  These forward-looking statements are not guarantees of future performance.  This release should be read in conjunction with our Annual Report on Form 10-K and our other filings with the SEC through the date of this release, which identify important factors that could affect the forward-looking statements in this release.  We do not undertake any obligation to update our forward-looking statements.

SOURCE Matson, Inc.

1Q26 EPS of $1.85 versus $2.18 in 1Q25 1Q26 Net Income of $56.6 million versus $72.3 million in 1Q25 1Q26 Consolidated Operating Income of $61.4 million versus $82.1 million in 1Q25 1Q26 EBITDA of $113.3 million versus $131.7 million in 1Q25 Repurchased approximately 0.4 million shares in 1Q26 Raises full year outlook , /PRNewswire/ -- Matson, Inc. ("Matson" or the "Company") (NYSE: MATX), a leading U.S. carrier in the Pacific, today reported net income of $56.6 million, or $1.85 per diluted share, for the quarter ended March 31, 2026.  Net income for the quarter ended March 31, 2025 was $72.3 million, or $2.18 per diluted share.  Consolidated revenue for the first quarter 2026 was $757.8 million compared with $782.0 million for the first quarter 2025.

Matt Cox, Matson's Chairman and Chief Executive Officer, commented, "In the first quarter 2026, Ocean Transportation operating income exceeded our expectations primarily due to higher freight demand post-Lunar New Year in our China service.  In our domestic tradelanes, we saw lower year-over-year volume in Hawaii and Alaska.  In Logistics, operating income in the first quarter was lower year-over-year, primarily due to a lower contribution from supply chain management."

Mr. Cox added, "To date, the Iran conflict has not impacted our operating performance or service levels; however, it has impacted fuel prices in all our markets.  While we have effective mechanisms to recover the cost of fuel by the end of the year, for the second quarter we expect a negative impact from the lag in the recovery of fuel costs.  On the demand side, the uptick in freight demand we saw in our China service post-Lunar New Year has continued to build in the second quarter as demand strengthens and volume returns to a more traditional seasonal pattern.  We also expect this demand strength to continue through peak season.  As a result, we expect Ocean Transportation operating income in the second quarter 2026 to be approximately $20 million higher than the $98.6 million achieved in the second quarter last year.  For Logistics, we expect operating income in the second quarter 2026 to approach the level achieved in the year ago period.  For full year 2026, we expect consolidated operating income to modestly exceed the level achieved in full year 2025 based on our expectations of continued solid U.S. consumer demand and a stable trading environment in the Transpacific tradelane."

First Quarter 2026 Discussion and Outlook for 2026

Ocean Transportation:  The Company's container volume in the Hawaii service in the first quarter 2026 was 5.6 percent lower year-over-year primarily due to lower general demand and the dry-docking of a competitor's vessel in the year ago period.  Hawaii's economy is expected to experience modest growth supported by construction activity, while tourism remains soft and inflationary pressures persist.  The Company expects volume in full year 2026 to be comparable to the level achieved in 2025, reflecting similar economic conditions and stable market share.

In the China service, the Company's container volume in the first quarter 2026 decreased 9.5 percent year-over-year primarily due to lower general demand from a more traditional Lunar New Year freight cycle.  The Company saw higher than expected freight demand post-Lunar New Year and the uptick in freight demand has continued to build in the second quarter as demand strengthens and volume returns to a more traditional seasonal pattern.  The Company also expects this demand strength to continue through peak season.  In the second quarter 2026, the Company expects higher volume compared to the prior year period, which included a market decline in Transpacific demand due to the tariffs imposed in April 2025.  The Company expects volume in full year 2026 to be moderately higher than the level achieved in 2025 based on our expectations of continued solid U.S. consumer demand and a stable trading environment in the Transpacific tradelane.

In the Guam service, the Company's container volume in the first quarter 2026 was flat year-over-year.  In the near term, the Company expects Guam's economy to remain stable.  For full year 2026, the Company expects volume to be comparable to the level achieved last year.

In the Alaska service, the Company's container volume in the first quarter 2026 decreased 2.0 percent year-over-year.  The decrease was primarily due to lower general demand, partially offset by an additional northbound sailing and an additional AAX sailing compared to the year ago period.  In the near term, the Company expects continued economic growth in Alaska supported by a low unemployment rate, jobs growth and continued oil and gas exploration and production activity.  For full year 2026, the Company expects volume to be comparable to the level achieved last year.

The contribution from the Company's SSAT joint venture investment was $5.0 million in the first quarter 2026, or $1.6 million lower than first quarter 2025.  The decrease was primarily due to lower lift volume.  For full year 2026, the Company expects the contribution from SSAT to be lower than the $32.5 million achieved in full year 2025.

Based on the outlook trends noted above, the Company expects Ocean Transportation operating income in the second quarter 2026 to be approximately $20 million higher than the $98.6 million achieved in the second quarter 2025.  For full year 2026, the Company expects Ocean Transportation operating income to modestly exceed the level achieved in full year 2025.

Logistics:  Operating income for the Company's Logistics segment was $6.8 million in the first quarter 2026, or $1.7 million lower compared to the level achieved in the first quarter 2025.  The decrease was primarily due to a lower contribution from supply chain management.  For the second quarter 2026, the Company expects Logistics operating income to approach the $14.4 million achieved in the second quarter 2025.  For full year 2026, the Company expects Logistics operating income to approach the $44.2 million achieved in full year 2025.

Consolidated Operating Income:  To date, the Iran conflict has not impacted the Company's operating performance or service levels; however, it has impacted fuel prices in all of the Company's markets.  While the Company has effective mechanisms to recover the cost of fuel by the end of the year, for the second quarter the Company expects a negative impact from the lag in the recovery of fuel costs.  For the second quarter 2026, the Company expects consolidated operating income to be approximately $20 million higher than the $113.0 million achieved in the second quarter 2025.  For full year 2026, the Company expects consolidated operating income to modestly exceed the level achieved in full year 2025 based on the Company's expectations of China demand strength in the second quarter continuing through peak season, continued solid U.S. consumer demand and a stable trading environment in the Transpacific Tradelane.  For 2026 compared to 2025, the Company continues to expect a more normal operating seasonality pattern with consolidated operating income in the second and third quarters being the strongest relative to the first and fourth quarters.

Depreciation and Amortization:  For full year 2026, the Company expects depreciation and amortization expense to be approximately $210 million, inclusive of dry-docking amortization of approximately $35 million.

Interest Income:  The Company expects interest income for the full year 2026 to be approximately $16 million.

Interest Expense, Net:  The Company expects interest expense for the full year 2026 to be approximately $6 million.

Other Income (Expense):  The Company expects full year 2026 other income (expense) to be approximately $7 million in income, which is attributable to the amortization of certain components of net periodic benefit costs or gains related to the Company's pension and post-retirement plans.

Income Taxes:  In the first quarter 2026, the Company's effective tax rate was 16.6 percent.  For the full year 2026, the Company expects its effective tax rate to be approximately 21.0 percent.

Capital and Vessel Dry-docking Expenditures:  For the first quarter 2026, the Company made capital expenditure payments excluding new vessel construction expenditures of $30.3 million, new vessel construction expenditures (including capitalized interest and owner's items) of $18.0 million, and dry-docking payments of $11.9 million.  For the full year 2026, the Company expects to make other capital expenditure payments, including maintenance capital expenditures, of approximately $150 to $170 million, new vessel construction expenditures (including capitalized interest and owner's items) of approximately $400 million, and dry-docking payments of approximately $45 million.

Results By Segment

Ocean Transportation — Three months ended March 31, 2026 compared with 2025

Three Months Ended March 31, 

(Dollars in millions)

2026

2025

Change

Ocean Transportation revenue

$

606.5

$

637.4

$

(30.9)

(4.8)

%

Operating costs and expenses

(551.9)

(563.8)

11.9

(2.1)

%

Operating income

$

54.6

$

73.6

$

(19.0)

(25.8)

%

Operating income margin

9.0

%

11.5

%

Volume by Service (Forty-foot equivalent units (FEU)) (1)

Hawaii containers

33,700

35,700

(2,000)

(5.6)

%

Alaska containers

19,300

19,700

(400)

(2.0)

%

China containers (2)

25,800

28,500

(2,700)

(9.5)

%

Guam containers

4,200

4,200

—

—

%

Other containers (3)

3,300

3,400

(100)

(2.9)

%

(1)

Approximate volume included for the period are based on the voyage departure date, but revenue and operating income are adjusted to reflect the percentage of revenue and operating income earned during the reporting period for voyages in transit at the end of each reporting period.

(2)

Includes containers from China and other Asia origins.

(3)

Includes containers from services in various islands in Micronesia and the South Pacific, and Okinawa, Japan.

Ocean Transportation revenue decreased $30.9 million, or 4.8 percent, during the three months ended March 31, 2026, compared with the three months ended March 31, 2025.  The decrease was primarily due to lower volume in the China service.

On a year-over-year FEU basis, Hawaii service container volume decreased 5.6 percent primarily due to lower general demand and the dry-docking of a competitor's vessel in the year ago period; Alaska service volume decreased 2.0 percent primarily due to lower general demand, partially offset by an additional northbound sailing and an additional AAX sailing compared to the year ago period; China service volume was 9.5 percent lower primarily due to lower general demand from a more traditional Lunar New Year freight cycle; Guam service volume was flat; and Other containers volume decreased 2.9 percent.

Ocean Transportation operating income decreased $19.0 million, or 25.8 percent, during the three months ended March 31, 2026, compared with the three months ended March 31, 2025.  The decrease was primarily due to a lower contribution from the China service.

The Company's SSAT terminal joint venture investment contributed $5.0 million during the three months ended March 31, 2026, compared to $6.6 million during the three months ended March 31, 2025.  The decrease was primarily due to lower lift volume.

Logistics — Three months ended March 31, 2026 compared with 2025

Three Months Ended March 31, 

(Dollars in millions)

2026

2025

Change

Logistics revenue

$

151.3

$

144.6

$

6.7

4.6

%

Operating costs and expenses

(144.5)

(136.1)

(8.4)

6.2

%

Operating income

$

6.8

$

8.5

$

(1.7)

(20.0)

%

Operating income margin

4.5

%

5.9

%

Logistics revenue increased $6.7 million, or 4.6 percent, during the three months ended March 31, 2026, compared with the three months ended March 31, 2025.  The increase was primarily due to higher revenue in transportation brokerage.

Logistics operating income decreased $1.7 million, or 20.0 percent, during the three months ended March 31, 2026, compared with the three months ended March 31, 2025.  The decrease was primarily due to a lower contribution from supply chain management.

Liquidity, Cash Flows and Capital Allocation

Matson's Cash and Cash Equivalents decreased by $41.8 million from $141.9 million at December 31, 2025 to $100.1 million at March 31, 2026.  As of March 31, 2026, there was $521.5 million of cash and cash equivalents and investments in fixed-rate U.S. Treasuries in the Capital Construction Fund.  Matson generated net cash from operating activities of $94.0 million during the three months March 31, 2026, compared to $89.0 million during the three months ended March 31, 2025.  Capital expenditures (including capitalized vessel construction expenditures) totaled $48.3 million for the three months ended March 31, 2026, compared with $89.2 million for the three months ended March 31, 2025.  Total debt decreased by $10.1 million during the three months to $351.1 million as of March 31, 2026, of which $311.4 million was classified as long-term debt.[1]  As of March 31, 2026, Matson had available borrowings under its revolving credit facility of $544.3 million.

During the first quarter 2026, Matson repurchased approximately 0.4 million shares for a total cost of $54.4 million.[2]  As of March 31, 2026, there were approximately 0.8 million shares remaining in the Company's share repurchase program.  On April 23, 2026, Matson's Board of Directors approved an additional 3.0 million shares of common stock to be added to the Company's existing share repurchase program and extended the program to December 31, 2029.  On April 23, 2026, Matson's Board of Directors also declared a cash dividend of $0.36 per share payable on June 4, 2026 to all shareholders of record as of the close of business on May 7, 2026.

Teleconference and Webcast

A conference call is scheduled on May 4, 2026 at 4:30 p.m. ET when Matt Cox, Chairman and Chief Executive Officer, and Joel Wine, Executive Vice President and Chief Financial Officer, will discuss Matson's first quarter results.

Date of Conference Call:

Monday, May 4, 2026

Scheduled Time:

4:30 p.m. ET / 1:30 p.m. PT / 10:30 a.m. HT

The conference call will be broadcast live along with an additional slide presentation on the Company's website at www.matson.com, under Investors. 

1 Total debt is presented before any reduction for deferred loan fees as required by GAAP.

2 Includes stock repurchased during the quarter but not settled and taxes on share repurchases that will be paid after the quarter end.

Participants may register for the conference call at:

https://register-conf.media-server.com/register/BI512867b8cdba4b7f9aa576788a36799a

Registered participants will receive the conference call dial-in number and a unique PIN code to access the live event.  While not required, it is recommended you join 10 minutes prior to the event starting time.  A replay of the conference call will be available approximately two hours after the event by accessing the webcast link at www.matson.com, under Investors.

About the Company

Founded in 1882, Matson (NYSE: MATX) is a leading provider of ocean transportation and logistics services.  Matson provides a vital lifeline of ocean freight transportation services to the domestic non-contiguous economies of Hawaii, Alaska, and Guam, and to other island economies in Micronesia.  Matson also operates premium, expedited services from China to Long Beach, California, which includes cargo from other Asia origins, provides services to Okinawa, Japan and various islands in the South Pacific, and operates an international export service from Alaska to Asia.  The Company's fleet of owned and chartered vessels includes containerships, combination container and roll-on/roll-off ships and barges.  Matson Logistics, established in 1987, extends the geographic reach of Matson's transportation network throughout North America and Asia.  Its integrated logistics services include rail intermodal, highway brokerage, warehousing, freight consolidation, supply chain management, and freight forwarding to Alaska.  Additional information about the Company is available at www.matson.com.

GAAP to Non-GAAP Reconciliation

This press release, the Form 8-K and the information to be discussed in the conference call include non-GAAP measures.  While Matson reports financial results in accordance with U.S. generally accepted accounting principles ("GAAP"), the Company also considers other non-GAAP measures to evaluate performance, make day-to-day operating decisions, help investors understand our ability to incur and service debt and to make capital expenditures, and to understand period-over-period operating results separate and apart from items that may, or could, have a disproportional positive or negative impact on results in any particular period.  These non-GAAP measures include, but are not limited to, Earnings Before Interest, Income Taxes, Depreciation and Amortization ("EBITDA").

Forward-Looking Statements

Statements in this news release that are not historical facts are "forward-looking statements," within the meaning of the Private Securities Litigation Reform Act of 1995, including without limitation those statements regarding outlook; operating income; depreciation and amortization, including dry-docking amortization; interest income; interest expense; other income (expense); tax rate; maintenance capital expenditures; capital and vessel dry-docking expenditures; volume; yield and freight rates; operating seasonality pattern; impacts from the Iran conflict; fuel prices and volatility; fuel cost recovery mechanisms and timing to recover such costs; freight demand, including e-commerce, e-goods and garments; U.S. consumer demand; trading environment; air-to-ocean freight conversions; air freight costs and air cargo capacity; growth and penetration into Southeast Asia ports; geopolitical tension and uncertainty; economic growth and drivers in Hawaii, Alaska and Guam; tourism levels; unemployment rates; construction activity; jobs growth; inflationary pressures; oil and gas exploration and production activity; market share; contribution from SSAT; vessel transit and connection times; refleeting initiatives; timing and amount of cash contributions into or withdrawals from the Capital Construction Fund; timing and amount of milestone payments and related costs; delivery dates for new vessels; and the timing, manner and volume of repurchases of common stock pursuant to the repurchase program.  These statements involve a number of risks and uncertainties that could cause actual results to differ materially from those contemplated by the relevant forward-looking statement, including but not limited to risks and uncertainties relating to repeal, invalidation, substantial amendment or waiver of the Jones Act or changes in its application, or the Company were determined not to be a United States citizen under the Jones Act; changes in macroeconomic conditions, geopolitical developments, or governmental policies; our ability to offer a differentiated service in China for which customers are willing to pay a significant premium; new or increased competition; loss of or damage to key customer relationships; agreements with key vendors and third parties; fuel prices, our ability to collect fuel-related surcharges and/or the cost or limited availability of required fuels; evolving regulations and stakeholder expectations related to sustainability matters; timely or successful completion of fleet upgrade initiatives; the Company's vessel construction agreements with Philly Shipyard; the occurrence of weather, natural disasters, maritime accidents, spill events and other physical and operating risks; transitional and other risks arising from climate change; actual or threatened health epidemics, outbreaks of disease, pandemics or other major health crises; significant operating agreements and leases that may not be renewed/replaced on favorable or acceptable terms; any unexpected dry-docking or repair costs; joint venture relationships; conducting business in foreign markets, including the imposition of tariffs or a change in international trade policies; modernization of terminals in Hawaii and Alaska; heightened security measures, war, actual or threatened terrorist attacks, efforts to combat terrorism and other acts of violence; consummating and integrating acquisitions; work stoppages or other labor disruptions caused by our unionized workers and other workers or their unions in related industries; loss of key personnel or failure to adequately manage human capital; the use of our information technology and communication systems; cybersecurity attacks; changes in our credit profile, disruptions of the credit markets or higher interest rates; our ability to access the debt capital markets; periodic revisions to the Company's effective income tax rate; changes in the value of pension assets; exposure under multi-employer pension and post-retirement plans; continuation of the Title XI and CCF programs; costs to comply with and liability related to numerous safety, environmental, and other laws and regulations; and disputes, legal and other proceedings and government inquiries or investigations.  These forward-looking statements are not guarantees of future performance.  This release should be read in conjunction with our Annual Report on Form 10-K for the year ended December 31, 2025 and our other filings with the SEC through the date of this release, which identify important factors that could affect the forward-looking statements in this release.  We do not undertake any obligation to update our forward-looking statements.

MATSON, INC. AND SUBSIDIARIES

Condensed Consolidated Statements of Income

(Unaudited)

Three Months Ended

March 31, 

(In millions, except per share amounts)

2026

2025

Operating Revenue:

Ocean Transportation

$

606.5

$

637.4

Logistics

151.3

144.6

Total Operating Revenue

757.8

782.0

Costs and Expenses:

Operating costs

(623.9)

(631.1)

Income from SSAT

5.0

6.6

General and administrative

(77.5)

(75.4)

Total Costs and Expenses

(696.4)

(699.9)

Operating Income

61.4

82.1

Interest income

6.1

9.4

Interest expense, net

(1.6)

(1.7)

Other income (expense), net

2.0

2.4

Income before Taxes

67.9

92.2

Income taxes

(11.3)

(19.9)

Net Income

$

56.6

$

72.3

Basic Earnings Per Share

$

1.86

$

2.20

Diluted Earnings Per Share

$

1.85

$

2.18

Weighted Average Number of Shares Outstanding:

Basic

30.4

32.8

Diluted

30.6

33.2

MATSON, INC. AND SUBSIDIARIES

Condensed Consolidated Balance Sheets

(Unaudited)

March 31, 

December 31, 

(In millions)

2026

2025

ASSETS

Current Assets:

Cash and cash equivalents

$

100.1

$

141.9

Other current assets

336.3

330.0

Total current assets

436.4

471.9

Long-term Assets:

Investment in SSAT

101.5

96.2

Property and equipment, net

2,510.6

2,499.4

Goodwill

327.8

327.8

Intangible assets, net

143.5

146.6

Capital Construction Fund

521.5

532.7

Other long-term assets

541.7

561.0

Total long-term assets

4,146.6

4,163.7

Total assets

$

4,583.0

$

4,635.6

LIABILITIES AND SHAREHOLDERS' EQUITY

Current Liabilities:

Current portion of debt

$

39.7

$

39.7

Other current liabilities

490.2

487.7

Total current liabilities

529.9

527.4

Long-term Liabilities:

Long-term debt, net of deferred loan fees

302.2

312.1

Deferred income taxes, net

702.7

701.9

Other long-term liabilities

318.1

335.2

Total long-term liabilities

1,323.0

1,349.2

Total shareholders' equity

2,730.1

2,759.0

Total liabilities and shareholders' equity

$

4,583.0

$

4,635.6

MATSON, INC. AND SUBSIDIARIES

Condensed Consolidated Statements of Cash Flows

(Unaudited)

Three Months Ended March 31, 

(In millions)

2026

2025

Cash Flows From Operating Activities:

Net income

$

56.6

$

72.3

Reconciling adjustments:

Depreciation and amortization

42.2

40.6

Amortization of operating lease right-of-use assets

33.7

34.5

Deferred income taxes, net

0.7

0.4

Share-based compensation expense

5.5

5.8

Income from SSAT

(5.0)

(6.6)

Other

0.3

(1.9)

Changes in assets and liabilities:

Accounts receivable, net

(1.1)

(1.6)

Deferred dry-docking payments

(11.9)

(10.4)

Deferred dry-docking amortization

7.7

6.6

Prepaid expenses and other assets

(4.0)

(6.9)

Accounts payable, accruals and other liabilities

1.0

(5.3)

Operating lease assets and liabilities, net

(29.8)

(35.1)

Other long-term liabilities

(1.9)

(3.4)

Net cash provided by operating activities

94.0

89.0

Cash Flows From Investing Activities:

Vessel construction expenditures

(18.0)

(66.7)

Capital expenditures (excluding vessel construction expenditures)

(30.3)

(22.5)

Proceeds from disposal of property and equipment, net

(0.1)

0.2

Cash and interest deposited into the Capital Construction Fund

(5.8)

(105.4)

Withdrawals from Capital Construction Fund

17.4

65.0

Net cash used in investing activities

(36.8)

(129.4)

Cash Flows From Financing Activities:

Repayments of debt

(10.1)

(10.1)

Dividends paid

(11.0)

(11.3)

Repurchase of Matson common stock

(52.8)

(66.9)

Tax withholding related to net share settlements of restricted stock units

(25.1)

(16.1)

Net cash used in financing activities

(99.0)

(104.4)

Net Decrease in Cash and Cash Equivalents

(41.8)

(144.8)

Cash and Cash Equivalents, Beginning of the Period

141.9

266.8

Cash and Cash Equivalents, End of the Period

$

100.1

$

122.0

Supplemental Cash Flow Information:

Interest paid, net of capitalized interest

$

1.7

$

1.7

Income taxes paid, net of income tax refunds

$

2.8

$

1.6

Non-cash Information:

Capital expenditures included in accounts payable, accruals and other liabilities

$

3.2

$

7.6

MATSON, INC. AND SUBSIDIARIES

Net Income to EBITDA Reconciliations

(Unaudited)

Three Months Ended

March 31, 

Last Twelve

(In millions)

2026

2025

Change

Months

Net Income

$

56.6

$

72.3

$

(15.7)

$

429.1

Subtract:

Interest income

(6.1)

(9.4)

3.3

(28.4)

Add:

Interest expense, net

1.6

1.7

(0.1)

6.7

Add:

Income taxes

11.3

19.9

(8.6)

80.4

Add:

Depreciation and amortization

42.2

40.6

1.6

168.5

Add:

Deferred dry-docking amortization

7.7

6.6

1.1

30.0

EBITDA (1)

$

113.3

$

131.7

$

(18.4)

$

686.3

(1)

EBITDA is defined as earnings before interest, income taxes, depreciation and amortization (including deferred dry-docking amortization).  EBITDA should not be considered as an alternative to net income (as determined in accordance with GAAP), as an indicator of our operating performance, or to cash flows from operating activities (as determined in accordance with GAAP) as a measure of liquidity.  Our calculation of EBITDA may not be comparable to EBITDA as calculated by other companies, nor is this calculation identical to the EBITDA used by our lenders to determine financial covenant compliance.

SOURCE Matson, Inc.

, /PRNewswire/ -- Matson, Inc. ("Matson"; NYSE: MATX) today marked two milestones in its fleet renewal program with the beginning of hull assembly on the second of three new LNG powered "Aloha Class" containerships designed for its Hawaii and China-Long Beach Express (CLX) services, and the start of construction on its third new vessel at Hanwha Philly Shipyard, Inc. (HSPI) in Pennsylvania.

At a steel-cutting ceremony marking the official start of construction on the third of three new containerships being built for Matson at Hanwha Philly Shipyard in Philadelphia, the honor of starting the shipyard’s plasma cutter on the first steel plate was given to Dan Massoni, Matson’s Vessel Engineering Manager based in Philadelphia. May 5, 2026. Photo credit: Hanwha Philly Shipyard, Inc. A small shipyard ceremony to mark the dock mounting of the first grand block assembly of the second new vessel was followed by the cutting of steel plates to initiate work to build the third vessel.

The three new Jones Act-compliant vessels, representing an investment of approximately $1 billion, will match the size and speed of Matson's two existing Aloha Class ships, Daniel K. Inouye, and Kaimana Hila, which entered service in 2018 and 2019, respectively, as the largest containerships ever constructed in the U.S.

Matson expects to receive the first new vessel in the first quarter of 2027 with subsequent deliveries in the third quarter of 2027 and second quarter of 2028, respectively.

With a carrying capacity of 3,600 TEU,* the 854-foot Aloha Class vessels are designed to operate at speeds in excess of 23 knots in support of Matson's service hallmark – fast and reliable delivery of goods, while incorporating the latest energy-efficient technologies to enhance operational efficiency and reduce environmental impact. 

The three new Aloha Class ships will replace three vessels currently deployed in Matson's Hawaii and CLX services.

HPSI is a leading U.S. commercial shipyard constructing vessels for operation in the domestic Jones Act trade lanes. Prior to Matson's current Aloha L Class project, the shipyard delivered four Jones Act containerships for Matson between 2003 and 2006, and two additional containerships in 2018 and 2019, which were the first Aloha Class vessels.

* TEU = Twenty-foot Equivalent Units, the standard unit of measurement for container capacity

About Matson
Founded in 1882, Matson (NYSE: MATX) is a leading provider of ocean transportation and logistics services. Matson provides a vital lifeline of ocean freight transportation services to the domestic non-contiguous economies of Hawaii, Alaska, and Guam, and to other island economies in Micronesia. Matson also operates premium, expedited services from China to Long Beach, California, which includes cargo from other Asia origins, provides services to Okinawa, Japan and various islands in the South Pacific, and operates an international export service from Alaska to Asia. The Company's fleet of owned and chartered vessels includes containerships, combination container and roll-on/roll-off ships and barges. Matson Logistics, established in 1987, extends the geographic reach of Matson's transportation network throughout North America and Asia. Its integrated logistics services include rail intermodal, highway brokerage, warehousing, freight consolidation, supply chain management, and freight forwarding to Alaska. Additional information about the Company is available at www.matson.com.

About Hanwha Philly Shipyard, Inc.

Hanwha Philly Shipyard, Inc. is a leading U.S. shipbuilder with a state-of-the-art shipbuilding facility that has earned a reputation as a preferred provider of ocean-going merchant vessels with a track record of delivering quality ships, having delivered around 50% of all large ocean-going U.S. Jones Act commercial ships since 2000.

The shipyard is part of Hanwha Group, a multinational company with a robust network of affiliates in the energy, ocean, aerospace, finance, and retail & services industries.

For more information, visit www.hanwhaphillyshipyard.com.

SOURCE Matson, Inc.