MATSON ANNOUNCES ADDITION OF 3 MILLION SHARES TO EXISTING SHARE REPURCHASE PROGRAM
Matson (NYSE: MATX) has announced a significant expansion of its share repurchase program, with the Board of Directors approving an additional 3 million shares to the existing program and extending it through December 31, 2027. The company has already repurchased 11.5 million shares for approximately $1.0 billion since the program's inception in August 2021, with 0.5 million shares remaining under the current authorization as of February 26, 2025.
The expanded program will allow Matson to continue purchasing shares in the open market at its discretion, based on capital needs, stock price, and market conditions. The company maintains flexibility to suspend or discontinue the program at any time and may utilize Rule 10b5-1 plans to facilitate purchases.
Matson (NYSE: MATX) ha annunciato un'importante espansione del suo programma di riacquisto di azioni, con il Consiglio di Amministrazione che ha approvato ulteriori 3 milioni di azioni al programma esistente e ne ha esteso la scadenza fino al 31 dicembre 2027. L'azienda ha già riacquistato 11,5 milioni di azioni per circa 1,0 miliardi di dollari dall'inizio del programma nell'agosto 2021, con 0,5 milioni di azioni rimanenti sotto l'autorizzazione attuale al 26 febbraio 2025.
Il programma ampliato consentirà a Matson di continuare a comprare azioni nel mercato aperto a sua discrezione, in base alle esigenze di capitale, al prezzo delle azioni e alle condizioni di mercato. L'azienda mantiene la flessibilità di sospendere o interrompere il programma in qualsiasi momento e potrebbe utilizzare i piani 10b5-1 per facilitare gli acquisti.
Matson (NYSE: MATX) ha anunciado una expansión significativa de su programa de recompra de acciones, con la aprobación de la Junta Directiva de 3 millones de acciones adicionales para el programa existente y su extensión hasta el 31 de diciembre de 2027. La compañía ya ha recomprado 11,5 millones de acciones por aproximadamente 1,0 mil millones de dólares desde el inicio del programa en agosto de 2021, con 0,5 millones de acciones restantes bajo la autorización actual a partir del 26 de febrero de 2025.
El programa ampliado permitirá a Matson continuar comprando acciones en el mercado abierto a su discreción, según las necesidades de capital, el precio de las acciones y las condiciones del mercado. La empresa mantiene la flexibilidad de suspender o interrumpir el programa en cualquier momento y puede utilizar planes 10b5-1 para facilitar las compras.
Matson (NYSE: MATX)은 이사회가 기존 프로그램에 300만 주를 추가하고 2027년 12월 31일까지 연장하는 등 자사 주식 매입 프로그램의 대규모 확장을 발표했습니다. 이 회사는 2021년 8월 프로그램 시작 이후 약 10억 달러에 해당하는 1150만 주를 이미 매입했으며, 2025년 2월 26일 현재 현재 승인된 50만 주가 남아 있습니다.
확대된 프로그램은 Matson이 자본 필요성, 주가 및 시장 조건에 따라 자의적으로 공개 시장에서 주식을 계속 구매할 수 있도록 합니다. 회사는 언제든지 프로그램을 중단하거나 종료할 수 있는 유연성을 유지하며, 구매를 용이하게 하기 위해 10b5-1 계획을 활용할 수 있습니다.
Matson (NYSE: MATX) a annoncé une expansion significative de son programme de rachat d'actions, le Conseil d'Administration ayant approuvé 3 millions d'actions supplémentaires pour le programme existant et l'ayant prolongé jusqu'au 31 décembre 2027. L'entreprise a déjà racheté 11,5 millions d'actions pour environ 1,0 milliard de dollars depuis le début du programme en août 2021, avec 0,5 million d'actions restantes sous l'autorisation actuelle au 26 février 2025.
Le programme élargi permettra à Matson de continuer à acheter des actions sur le marché libre à sa discrétion, en fonction des besoins en capital, du prix des actions et des conditions du marché. L'entreprise conserve la flexibilité de suspendre ou d'interrompre le programme à tout moment et peut utiliser des plans 10b5-1 pour faciliter les achats.
Matson (NYSE: MATX) hat eine bedeutende Erweiterung seines Aktienrückkaufprogramms angekündigt, wobei der Vorstand zusätzlich 3 Millionen Aktien zum bestehenden Programm genehmigt und dieses bis zum 31. Dezember 2027 verlängert hat. Das Unternehmen hat seit Beginn des Programms im August 2021 bereits 11,5 Millionen Aktien für etwa 1,0 Milliarden Dollar zurückgekauft, wobei zum 26. Februar 2025 noch 0,5 Millionen Aktien unter der aktuellen Genehmigung verbleiben.
Das erweiterte Programm ermöglicht es Matson, weiterhin nach eigenem Ermessen Aktien am offenen Markt zu kaufen, basierend auf Kapitalbedarf, Aktienkurs und Marktbedingungen. Das Unternehmen behält sich die Flexibilität vor, das Programm jederzeit auszusetzen oder einzustellen und kann 10b5-1-Pläne nutzen, um Käufe zu erleichtern.
- Added 3M shares to buyback program
- Extended program through December 2027
- Successfully completed $1B in share repurchases since 2021
- Demonstrates commitment to returning excess cash to shareholders
- Potential reduction in cash reserves for operations
- May limit funds available for business investments
"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 11.5 million shares for approximately
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
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 and the timing, manner and volume of repurchases of common shares pursuant to the repurchase program. 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.
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SOURCE Matson, Inc.
FAQ
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