Matson, Inc.

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.

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.

Matson, Inc.'s Board of Directors approved a significant expansion of its share repurchase program, adding 3 million shares and extending it until December 31, 2029. This move signals confidence in the company's financial health and commitment to returning value to shareholders. Additionally, the company declared a regular quarterly dividend of $0.36 per common share.