Matson, Inc. (MATX) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Slides from this presentation are available for download at our website, www.matson.com, under the Investors tab. Before we begin, I would like to remind you that during the course of this call, we will make forward-looking statements within the meaning of the federal securities laws regarding expectations, predictions, projections, or future events. We believe that our expectations and assumptions are reasonable. We caution you to consider the risk factors that could cause actual results to differ materially from those in the forward-looking statements in the press release, the presentation slides, and this conference call. These risk factors are described in our press release and presentation and are more fully detailed under the caption risk factors on pages 24 to 35 of our form 10Q filed on May 6, 2025 and in our subsequent filings with the SEC. Please also note, that the date of this conference closed, July 31st, 2025, and any forward-looking statements that we make today are based on assumptions as of this date. We undertake no obligation to update these forward-looking statements. I will now turn the call over to Matt. Thanks, Justin, and thanks to those on the call. Starting on slide three, our second quarter financial performance exceeded our expectations amid the challenges of market uncertainty and volatility arising from tariffs and global trade. In ocean transportation, operating income was lower year over year, primarily due to lower year over year volume in our China service. In our domestic trade lanes, we saw higher year over year volume in Hawaii and Alaska and lower year over year volume in Guam. In logistics, Our operating income was lower year over year, primarily due to a lower contribution from transportation brokerage. Looking ahead, we expect...