Quarterly ResultMay 4, 2026, 04:18 PM
Matson Q1 EPS $1.85, Net Income $56.6M; Raises Full-Year Outlook
AI Summary
Matson, Inc. reported a decrease in first-quarter 2026 net income to $56.6 million, or $1.85 per diluted share, compared to $72.3 million, or $2.18 per diluted share, in Q1 2025. Consolidated revenue also declined to $757.8 million from $782.0 million year-over-year. Despite the Q1 decline, the company raised its full-year 2026 outlook for consolidated operating income, expecting it to modestly exceed 2025 levels, driven by strengthening freight demand in its China service.
Key Highlights
- Q1 2026 diluted EPS decreased 15.1% to $1.85 from $2.18 in Q1 2025.
- Q1 2026 net income fell 21.7% to $56.6 million from $72.3 million year-over-year.
- Consolidated revenue for Q1 2026 was $757.8 million, a 3.1% decrease from $782.0 million.
- Ocean Transportation operating income decreased 25.8% to $54.6 million in Q1 2026.
- Logistics operating income decreased 20.0% to $6.8 million in Q1 2026.
- Repurchased approximately 0.4 million shares for $54.4 million in Q1 2026.
- Board approved an additional 3.0 million shares for repurchase and declared a $0.36 per share dividend.
- Raised full-year 2026 consolidated operating income outlook to modestly exceed 2025 levels.