Business
MATSON, INC. ANNOUNCES FIRST QUARTER 2025 RESULTS
Matson, Inc. ("Matson" or the "Company") (NYSE: MATX), a leading U.S. carrier in the Pacific, today reported net income of $72.3 million, or $2.18 per diluted share, for the quarter ended March 31, 2025. Net income for the quarter ended March 31, 2024 was $36.1 million, or $1.04 per diluted share. Consolidated revenue for the first quarter 2025 was $782.0 million compared with $722.1 million for the first quarter 2024.
About this update from Matson, Inc.
[{"type":"list","items":[{"val":[{"type":"text","content":"1Q25 EPS of $2.18 versus $1.04 in 1Q24","length":38,"tagName":"p"}]},{"val":[{"type":"text","content":"1Q25 Net Income of $72.3 million versus $36.1 million in 1Q24","length":71,"tagName":"p"}]},{"val":[{"type":"text","content":"1Q25 Consolidated Operating income of $82.1 million versus $36.9 million in 1Q24","length":90,"tagName":"p"}]},{"val":[{"type":"text","content":"1Q25 EBITDA of $131.7 million versus $82.8 million in 1Q24","length":68,"tagName":"p"}]},{"val":[{"type":"text","content":"Repurchased approximately 0.5 million shares in 1Q25","length":57,"tagName":"p"}]},{"val":[{"type":"text","content":"Updates full year outlook","length":25,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":349,"olType":false},{"type":"text","content":"HONOLULU, May 5, 2025 /PRNewswire/ -- Matson, Inc. ("Matson" or the "Company") (NYSE: MATX), a leading U.S. carrier in the Pacific, today reported net income of $72.3 million, or $2.18 per diluted share, for the quarter ended March 31, 2025. Net income for the quarter ended March 31, 2024 was $36.1 million, or $1.04 per diluted share. Consolidated revenue for the first quarter 2025 was $782.0 million compared with $722.1 million for the first quarter 2024.","length":492,"tagName":"p"},{"type":"image","alt":"Matson Logo. (PRNewsFoto/Matson)","displaySize":"","headline":null,"caption":"Matson Logo. (PRNewsFoto/Matson)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":90,"url":"https://media.zenfs.com/en/prnewswire.com/99893d12e05b5364426c642dfb28c5df"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/vrcFKu9AEvKYbVP.6mGKSw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTE1OTtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/99893d12e05b5364426c642dfb28c5df","width":400,"height":90}},"href":"https://mma.prnewswire.com/media/128194/matson_logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"Matt Cox, Matson's Chairman and Chief Executive Officer, commented, "Our first quarter financial performance was as expected with significantly higher year-over-year consolidated operating income. The year-over-year increase was primarily driven by our China service, which benefitted from the carryover of elevated freight rates from the fo...