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.
Key figures
- Eps
- 4.27
- Ebitda
- 211000000
- Revenue
- 969400000
- Guidance
- Full year 2026 consolidated operating income to be higher than 2025; Ocean Transportation operating income higher than $455.6 million; Logistics operating income higher than $44.2 million
- Net Income
- 129400000
- Buyback cost q2
- 67800000
- Logistics revenue
- 202000000
- Shares repurchased q2
- 300000
- Ocean transportation revenue
- 767400000
- Buyback authorization increase
- 3000000
AI analysis
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