Matsons, Inc.

/C O R R E C T I O N - Matson, Inc./

Matson and Hanwha Philly Shipyard christened Makua, the first of three new Aloha Class containerships, in a ceremony on October 10. The three Jones Act-compliant vessels represent an investment of approximately $1 billion and will serve Matson's Hawaii and China-Long Beach Express services, with Makua delivering in Q1 2027 and the remaining ships in Q3 2027 and Q2 2028. CEO Matt Cox said the new ships will improve operating efficiencies and reliability and increase capacity in the company's core Hawaii and CLX services; they are LNG-ready with 3,600-TEU capacity and speeds near 24 knots.

•13d ago

MATSON, INC. ANNOUNCES SECOND QUARTER 2026 RESULTS AND RAISES FULL YEAR OUTLOOK

Matson reported strong Q2 2026 results with net income rising to $129.4 million, or $4.27 per diluted share, up from $94.7 million or $2.92 per share in the prior year, driven by a 17% increase in consolidated revenue to $969.4 million. Growth was led by the China service, which saw higher-than-expected freight rates and demand, offsetting lower volumes in Hawaii and Alaska, while the Logistics segment also posted year-over-year operating income gains. Management raised its full-year outlook, projecting consolidated operating income to exceed 2025 levels, and authorized an additional 3.0 million shares for repurchase, extending the program through 2029.

•2mo ago

MATSON ANNOUNCES PRELIMINARY 2Q26 RESULTS, PROVIDES BUSINESS UPDATE AND ANNOUNCES 2Q26 EARNINGS CALL DATE

Matson expects Q2 consolidated operating income of $153.0 million to $160.0 million and diluted EPS of $4.12 to $4.30, driven primarily by higher contribution from its China service. China container volume surged 15.2% year-over-year, aided by easier comparisons against the prior year's tariff-impacted demand, while domestic volumes in Hawaii and Alaska declined slightly. The company repurchased approximately 0.3 million shares during the quarter for $67.8 million, leaving roughly 3.4 million shares remaining under its current authorization.

•3mo ago

MATSON INCREASES QUARTERLY DIVIDEND TO $0.38 PER SHARE

Matson declared a third quarter dividend of $0.38 per share, representing a two-cent or 5.6% increase over the previous quarter. The hike marks the fourteenth consecutive annual increase, reflecting management's confidence in long-term free cash flow growth and disciplined capital allocation. The dividend will be paid on September 3, 2026 to shareholders of record as of the close of business on August 6, 2026.

•4mo ago

MATSON NEW VESSEL CONSTRUCTION PROGRAM MARKS TWO MILESTONES

Matson marked two milestones in its fleet renewal program: hull assembly on the second LNG-powered Aloha Class vessel and steel cutting for the third. The $1 billion program includes three 3,600 TEU Jones Act-compliant vessels scheduled for delivery between Q1 2027 and Q2 2028. These new ships, built by Hanwha Philly Shipyard, will replace older vessels in the Hawaii and China-Long Beach services.

•5mo ago

MATSON ANNOUNCES ADDITION OF 3 MILLION SHARES TO EXISTING SHARE REPURCHASE PROGRAM AND QUARTERLY DIVIDEND OF $0.36 PER SHARE

Matson's Board approved adding three million shares to its existing share repurchase program and extended the authorization window to December 31, 2029. The addition expands the program significantly, as only approximately 0.7 million shares remained under the previous authorization. The Board also declared a quarterly dividend of $0.36 per common share, payable on June 4, 2026 to shareholders of record as of May 7, 2026. Management noted that since the program commenced in 2021, the company has repurchased about 33% of its then-outstanding shares for a total cost of $1.3 billion.

•6mo ago