Quarterly ResultJul 15, 2026, 05:26 PM
Matson Expects 2Q26 EPS $4.12-$4.30; Operating Income $153M-$160M
AI Summary
Matson, Inc. announced preliminary second quarter 2026 financial results, expecting consolidated operating income between $153.0 and $160.0 million, and diluted EPS of $4.12 to $4.30. The company reported a strong quarter driven by its China service, which saw higher freight rates and demand. Matson also repurchased approximately 0.3 million shares for $67.8 million during the quarter and expects its China service to be at or near capacity through peak season.
Key Highlights
- Matson expects 2Q26 consolidated operating income to be $153.0 to $160.0 million.
- Expected 2Q26 net income is $124.8 to $130.3 million, with diluted EPS of $4.12 to $4.30.
- The company repurchased approximately 0.3 million shares for $67.8 million in 2Q26.
- China container volume increased by 15.2% year-over-year due to higher demand.
- Hawaii container volume decreased by 1.1%, and Alaska container volume decreased by 2.3%.
- Guam container volume increased by 4.4% year-over-year.
- Cash and cash equivalents were approximately $119.3 million, and total debt was $341.3 million as of June 30, 2026.
Price Impact
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