Welcome to our dedicated page for Matson news (Ticker: MATX), a resource for investors and traders seeking the latest updates and insights on Matson stock.
Matson, Inc. (NYSE: MATX) is an ocean transportation and logistics company focused on Pacific and Transpacific trade lanes, and its news flow reflects developments in these markets. Founded in 1882 and described as a leading U.S. carrier in the Pacific, Matson provides ocean freight transportation services to Hawaii, Alaska, Guam, Micronesia and select South Pacific islands, and operates premium, expedited services from China to Southern California, including Long Beach.
News about Matson often centers on quarterly and annual financial results, including consolidated operating income, net income, and segment performance for its Ocean Transportation and Logistics businesses. The company regularly issues press releases and corresponding Form 8-K filings to report preliminary earnings, detailed quarterly results, and updates to its outlook for operating income and effective tax rates.
Investors following MATX news will also see updates on container volume trends in key tradelanes such as Hawaii, Alaska, China, Guam, and other Pacific islands, along with commentary on freight rates, tariffs, global trade conditions, and demand in the Transpacific tradelane. Matson’s releases discuss how macroeconomic factors, port entry fees, and customer inventory behavior influence its expedited China services and domestic tradelanes.
Other recurring news themes include capital investments like the construction of new Aloha Class containerships at Hanwha Philly Shipyard, credit agreements and note amendments, dividend declarations, and participation in investor conferences hosted by firms such as Stephens and Jefferies. Leadership updates and promotions within Matson’s operations and Alaska business are also featured. For anyone tracking MATX stock, this news page aggregates these company-issued updates and related coverage in one place.
Matson (NYSE: MATX) has announced its participation in the upcoming Stifel 2025 Transportation & Logistics Conference in Miami, Florida on February 11, 2025. The company's Chairman and CEO, Matt Cox, will be attending the event.
For investors and interested parties, Matson will make the presentation slides accessible through their website www.matson.com under the Investors section on the day of the conference.
Matson (NYSE: MATX), a leading U.S. carrier in the Pacific, has announced that its Board of Directors has declared a first quarter dividend of $0.34 per common share. The dividend will be distributed on March 6, 2025 to shareholders of record as of the close of business on February 6, 2025.
Matson (NYSE: MATX) announced its participation in the Stephens 2024 Annual Investment Conference in Nashville, Tennessee on November 20, 2024. Joel Wine, Executive Vice President and Chief Financial Officer, will present a company overview and engage in a Q&A session. The presentation slides will be accessible to the public on Matson's website (www.matson.com) under the Investors section on the day of the event.
Matson, Inc. (NYSE: MATX), a leading U.S. carrier in the Pacific, announced its third-quarter 2024 results with a net income of $199.1 million, or $5.89 per diluted share, up from $119.9 million, or $3.40 per diluted share, in Q3 2023. Consolidated revenue rose to $962.0 million from $827.5 million year-over-year. Operating income increased to $242.3 million from $132.1 million, and EBITDA reached $289.4 million, up from $175.1 million in the same period last year.
Matson repurchased 0.4 million shares and raised its full-year 2024 operating income outlook. The company highlighted strong performance in its Ocean Transportation and Logistics segments, driven by higher freight rates and demand in China.
Looking ahead, Matson expects Q4 2024 operating income to be meaningfully higher than the $75.3 million achieved in Q4 2023, with stable but moderated freight rates and steady performance in domestic tradelanes.
Matson (NYSE: MATX), a leading U.S. carrier in the Pacific, has announced its fourth quarter dividend. The company's Board of Directors has declared a dividend of $0.34 per common share, which will be distributed on December 5, 2024. Shareholders must be on record by the close of business on November 7, 2024 to receive this payment.
Matson (NYSE: MATX), a leading U.S. carrier in the Pacific, has announced that it will release its financial results for the third quarter of 2024 on Wednesday, October 30, 2024. A conference call is scheduled for 4:30 p.m. ET on the same day, where Matt Cox, Chairman and CEO, and Joel Wine, Executive VP and CFO, will discuss the company's third quarter results.
The conference call will be broadcast live along with an additional slide presentation on Matson's website. Participants can register for the call through a provided link. A replay of the conference call will be available approximately two hours after the event on the company's website.
Matson, Inc. (NYSE: MATX) has begun construction on the first of three new Aloha Class containerships at Philly Shipyard in Pennsylvania. This $1 billion investment is part of Matson's long-term decarbonization strategy. The vessels, designed for Hawaii and China-Long Beach Express services, will be Jones Act-compliant and delivered in 2026 and 2027.
The new ships will feature dual fuel engines capable of operating on conventional marine fuels or liquefied natural gas (LNG), along with other green ship technology. With a capacity of 3,600 TEU and speeds exceeding 23 knots, these 854-foot vessels will replace three existing ships in Matson's fleet.
Matson aims to achieve a 40% reduction in Scope 1 greenhouse gas fleet emissions by 2030 and net-zero emissions by 2050. The new ships will be named Makua, Malama, and Makena, continuing Matson's tradition of using Hawaiian names for its vessels.
Matson reported strong Q2 2024 results, with net income of $113.2 million ($3.31 per diluted share), up from $80.8 million in Q2 2023. Consolidated revenue increased to $847.4 million from $773.4 million year-over-year. The company's China service saw significantly higher freight rates, driving the increase in consolidated operating income. Matson expects elevated freight rates to continue during the traditional peak season. For Q3 2024, the company anticipates meaningfully higher operating income compared to Q3 2023's $132.1 million. Matson is raising its outlook for full year 2024 consolidated operating income. The company repurchased approximately 0.6 million shares in Q2 2024 and declared a cash dividend of $0.34 per share.
Matson (NYSE: MATX), a leading U.S. carrier in the Pacific, has announced it will release its second quarter 2024 financial results on Thursday, August 1, 2024. A conference call is scheduled for 4:30 p.m. ET on the same day, where Matt Cox, Chairman and CEO, and Joel Wine, Executive VP and CFO, will discuss the results.
The call will be broadcast live on Matson's website along with a slide presentation. Participants can register for the call online and will receive dial-in information and a unique PIN. A replay of the call will be available approximately two hours after the event on the company's website.
Matson, a leading U.S. carrier in the Pacific, has released its 2023 Sustainability Report. The report outlines the company's progress towards its environmental, social, and governance (ESG) goals. It provides in-depth information on Matson's efforts to:
- Maintain high ethical standards
- Reduce environmental impact
- Support employee and community wellbeing
The report is available for download on Matson's website, offering stakeholders a comprehensive view of the company's sustainability initiatives and achievements throughout 2023.
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