Matson Q2 revenue rises on China demand, raises outlook
MATX•Outlook
- Matson expects full-year 2026 consolidated operating income to be higher than in 2025
- Company sees Q3 2026 Ocean Transportation operating income about 45% above Q3 2025
- Matson expects Q4 2026 Ocean Transportation operating income to be modestly lower than Q4 2025
Overview
- U.S. Pacific ocean carrier's Q2 revenue rose 17% yr/yr, driven by China service demand
- Q2 adjusted EPS rose to $4.27 from $2.92 yr/yr
- Company repurchased 0.3 mln shares in Q2 and raised full-year outlook
Key details
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q2 Revenue | $969.4 mln | $884.7 mln (2 Analysts) | |
| Q2 EPS | $4.27 | ||
| Q2 Net Income | $129.4 mln |
Result drivers
- China service demand - Higher volume and freight rates in China service, especially for e-commerce, garments and e-goods, drove revenue and operating income growth
- Logistics segment - Higher contributions from freight forwarding and transportation brokerage boosted logistics operating income, partially offset by lower warehousing contribution
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