Quarterly ResultMay 5, 2026, 06:22 AM
Matson Q1 Net Income $56.6M, Revenue $757.8M; Boosts Buyback Program
AI Summary
Matson, Inc. reported a decrease in net income and total operating revenue for the first quarter of 2026 compared to the same period in 2025. Net income fell to $56.6 million from $72.3 million, while total operating revenue decreased to $757.8 million from $782.0 million. Despite the financial decline, the company's Board of Directors approved an additional 3.0 million shares for its existing share repurchase program and extended it to December 31, 2029, alongside declaring a quarterly cash dividend of $0.36 per share.
Key Highlights
- Net Income for Q1 2026 was $56.6 million, down 21.7% from $72.3 million in Q1 2025.
- Total Operating Revenue for Q1 2026 was $757.8 million, a 3.1% decrease from $782.0 million in Q1 2025.
- Basic Earnings Per Share was $1.86 in Q1 2026, down from $2.20 in Q1 2025.
- Ocean Transportation revenue decreased 4.8% to $606.5 million in Q1 2026.
- Logistics revenue increased 4.6% to $151.3 million in Q1 2026.
- Board approved an additional 3.0 million shares for the share repurchase program, extended to December 31, 2029.
- Repurchased 0.4 million shares for $54.4 million in Q1 2026.
- Declared a cash dividend of $0.36 per share payable on June 4, 2026.
Price Impact
More from MATX