MATX Stock Recent News

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Matson (MATX) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Matson (MATX) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.

Matson, Inc. (NYSE:MATX ) Q2 2024 Results Conference Call August 1, 2024 4:30 PM ET Company Participants Justin Schoenberg - IR Matt Cox - Chairman and CEO Joel Wine - EVP, CFO Conference Call Participants Ben Nolan - Stifel Jake Lacks - Wolfe Research Daniel Imbro - Stephens Inc. Operator [Call Started Abruptly] conference call. At this time, all participants are in a listen-only mode.

Matson (MATX) came out with quarterly earnings of $3.31 per share, beating the Zacks Consensus Estimate of $3.05 per share. This compares to earnings of $2.26 per share a year ago.

2Q24 EPS of $3.31 versus $2.26 in 2Q23 2Q24 Net Income of $113.2 million versus $80.8 million in 2Q23 2Q24 Consolidated Operating Income of $124.6 million versus $96.7 million in 2Q23 2Q24 EBITDA of $171.5 million versus $140.5 million in 2Q23 Repurchased approximately 0.6 million shares in 2Q24 Raising outlook for Full Year 2024 Consolidated Operating Income HONOLULU, Hawaii , Aug. 1, 2024 /PRNewswire/ -- Matson, Inc. ("Matson" or the "Company") (NYSE: MATX), a leading U.S. carrier in the Pacific, today reported net income of $113.2 million, or $3.31 per diluted share, for the quarter ended June 30, 2024.  Net income for the quarter ended June 30, 2023 was $80.8 million, or $2.26 per diluted share.

Matson's (MATX) Q2 performance is likely to have been aided by higher revenues from the Ocean Transportation segment.

HONOLULU , July 18, 2024 /PRNewswire/ -- Matson, Inc. ("Matson" or the "Company") (NYSE: MATX), a leading U.S. carrier in the Pacific, today announced that it will release its financial results for the second quarter on Thursday, August 1, 2024. A conference call is scheduled for 4:30 p.m.

HONOLULU , July 17, 2024 /PRNewswire/ -- Matson, Inc. (NYSE: MATX), a leading U.S. carrier in the Pacific, has published its 2023 Sustainability Report, which describes the company's progress toward achieving its environmental, social and governance (ESG) goals. The report also provides detailed information on the company resources and attention focused on upholding high ethical standards; reducing environmental impact; and supporting the wellbeing of its employees and communities.