Matson guided 2Q26 operating income at USD 153 million–USD 160 million, citing a year-over-year lift led by China service.
Net income is seen at USD 124.8 million–USD 130.3 million, with diluted EPS of USD 4.12–USD 4.30.
China container volume climbed 15.2% year over year; Hawaii fell 1.1% and Alaska dropped 2.3% while Guam rose 4.4%.
Management flagged stronger-than-expected China freight rates and demand, expecting the China service to run at or near capacity through peak season.
Cash and cash equivalents totaled USD 119.3 million at June 30, with total debt of USD 341.3 million; it repurchased 300,000 shares for USD 67.8 million.
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