Every material Form 8-K Matson has filed with the SEC since August 01, 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Matson reported third quarter 2026 net income of $209.4 million, or $6.96 per diluted share, up from $134.7 million, or $4.24 per diluted share, a year earlier. The company raised its full year outlook, expecting fourth quarter 2026 consolidated operating income to be approximately 50 percent higher than the fourth quarter 2025 level, driven mainly by strong demand and elevated freight rates in its China service.
Q3 2026 consolidated revenue was $1,113.5 million, up from $880.1 million in Q3 2025; operating income was $255.2 million versus $161.0 million.
Ocean Transportation operating income rose 62.2 percent to $239.1 million, led by the China service, where container volume increased 16.0 percent.
Expects Q4 2026 consolidated operating income about 50 percent above the $143.7 million achieved in Q4 2025.
Declared a $0.38 per share cash dividend payable December 3, 2026, to holders of record on November 5, 2026; repurchased about 0.3 million shares in Q3 2026 for $59.8 million.
Matson reported second quarter 2026 net income of $129.4 million, or $4.27 per diluted share, up from $94.7 million, or $2.92 per diluted share, a year earlier, on revenue of $969.4 million versus $830.5 million. The company raised its full year 2026 outlook, now expecting consolidated operating income for 2026 to be higher than 2025, driven mainly by its China service.
Q2 2026 consolidated operating income was $158.9 million versus $113.0 million in Q2 2025.
Ocean Transportation operating income is expected to be approximately 45 percent higher in Q3 2026 than in Q3 2025, and modestly lower in Q4 2026 than in Q4 2025.
Matson repurchased approximately 0.3 million shares for $67.8 million in Q2 2026 and declared a $0.38 per share dividend payable September 3, 2026.
Matson preliminarily estimated second-quarter 2026 operating income of $153.0 million to $160.0 million, net income of $124.8 million to $130.3 million, and diluted EPS of $4.12 to $4.30, all up year over year. The company attributed the increase mainly to higher contribution from its China service, and it also repurchased about 0.3 million shares for $67.8 million during the quarter.
Expected 2Q26 operating income of $153.0 to $160.0 million, versus $113.0 million in the prior-year quarter
Expected 2Q26 net income of $124.8 to $130.3 million and diluted EPS of $4.12 to $4.30, versus $94.7 million and $2.92
Repurchased about 0.3 million shares for $67.8 million in 2Q26; about 3.4 million shares remain under the program as of June 30, 2026
Second-quarter earnings call scheduled for August 3, 2026 at 4:30 p.m. ET
Matson reported first quarter 2026 net income of $56.6 million, or $1.85 per diluted share, down from $72.3 million, or $2.18 per diluted share, a year earlier. Revenue fell to $757.8 million from $782.0 million, but the company raised its full-year 2026 outlook, now expecting consolidated operating income to modestly exceed the 2025 level.
Q1 2026 net income $56.6 million, or $1.85 per diluted share, versus $72.3 million, or $2.18, in Q1 2025
Q1 2026 consolidated revenue $757.8 million versus $782.0 million in Q1 2025
Expects Q2 2026 consolidated operating income about $20 million higher than the $113.0 million achieved in Q2 2025
On April 23, 2026, Board added 3.0 million shares to the repurchase program and declared a $0.36 per share dividend payable June 4, 2026
Matson, Inc. disclosed that John P. Lauer, Executive Vice President and Chief Commercial Officer, notified the company on March 9, 2026 that he will retire on July 1, 2026. The filing does not name a successor or describe any compensation arrangements.
John P. Lauer, Executive Vice President and Chief Commercial Officer, gave notice on March 9, 2026.
His retirement takes effect July 1, 2026.
The filing names no successor and gives no compensation details.
Item 9.01 lists only the Inline XBRL cover page file as an exhibit.
Matson reported fourth-quarter 2025 net income of $143.1 million, or $4.60 per diluted share, up from $3.80 a year earlier, while consolidated revenue fell to $851.9 million from $890.3 million. The company expects first-quarter 2026 Ocean Transportation operating income of about $50 million, lower than a year earlier, and expects full-year 2026 consolidated operating income to approach the 2025 level.
Q4 2025 diluted EPS $4.60 vs. $3.80 in Q4 2024; net income $143.1 million vs. $128.0 million
Q4 2025 revenue $851.9 million vs. $890.3 million; full-year 2025 net income $444.8 million and diluted EPS $13.81
Q1 2026 Ocean Transportation operating income expected at about $50 million; consolidated operating income expected lower than $82.1 million in Q1 2025
Board declared a $0.36 per share dividend payable March 5, 2026 to holders of record on February 5, 2026
Matson preliminarily expects fourth-quarter 2025 operating income of $135.0 million to $145.0 million, down from $147.5 million a year earlier, while expected diluted EPS of $4.22 to $4.70 is above the $3.80 reported for the prior-year quarter. The EPS range includes a benefit of about $0.77 per share from positive income tax adjustments. For full-year 2026, the company expects consolidated operating income to approach the level achieved in 2025.
Q4 2025 operating income expected at $135.0 million to $145.0 million, versus $147.5 million in Q4 2024.
Q4 2025 diluted EPS expected at $4.22 to $4.70, versus $3.80 in Q4 2024; includes about $0.77 per share from income tax adjustments.
2026 consolidated operating income expected to approach the 2025 level, based on expected U.S. consumer demand and a stable Transpacific trade.
Repurchased about 0.7 million shares for $78.1 million in Q4 2025; about 1.1 million shares remain in the program. Earnings call is set for February 24, 2026.
Matson reported third quarter 2025 net income of $134.7 million, or $4.24 per diluted share, down from $199.1 million, or $5.89 per share, a year earlier, on revenue of $880.1 million versus $962.0 million. The company now expects fourth quarter 2025 consolidated operating income to be approximately 30% lower than the $147.5 million achieved in the fourth quarter 2024, citing lower China freight rates and volume.
Q3 2025 diluted EPS of $4.24 versus $5.89 in Q3 2024; net income $134.7 million versus $199.1 million
Q3 2025 consolidated operating income of $161.0 million versus $242.3 million; China container volume down 12.8%
Q4 2025 consolidated operating income expected to be approximately 30% lower than $147.5 million in Q4 2024
Repurchased approximately 0.6 million shares for $66.4 million in Q3; declared $0.36 per share dividend payable December 4, 2025
Matson reported second-quarter 2025 net income of $94.7 million, or $2.92 per diluted share, down from $113.2 million, or $3.31, a year earlier, on revenue of $830.5 million versus $847.4 million. The company said it is raising its full-year outlook, now expecting Ocean Transportation operating income above its early May guidance but moderately below 2024, while it expects third-quarter consolidated operating income to be meaningfully lower than a year earlier.
Diluted EPS was $2.92 versus $3.31; net income was $94.7 million versus $113.2 million.
Operating income was $113.0 million versus $124.6 million; revenue was $830.5 million versus $847.4 million.
China container volume fell 14.6 percent year-over-year in the second quarter amid tariff-related uncertainty.
For full-year 2025, Ocean Transportation operating income is expected to be higher than early May guidance but moderately lower than 2024; third-quarter consolidated operating income is expected to be meaningfully lower than $242.3 million
On July 23, 2025, Matson entered into a Third Amended and Restated Credit Agreement with Bank of America as agent, with a five-year maturity and $550 million in loan commitments, down from $650 million. Matson also amended its private placement note agreements the same day, including removing the minimum interest coverage ratio covenant under both the credit agreement and the notes.
Credit facility reduced from $650 million to $550 million, with an uncommitted $300 million increase option
Company cited a nearly fully funded Aloha Class vessel build program and lower expected capital needs, with the next Jones Act build cycle not anticipated until the mid-2030s
Pricing grid revised to SOFR plus 1.125% to 1.75%, or base rate plus 0.125% to 0.75%, based on consolidated net leverage
Minimum consolidated interest coverage ratio covenant eliminated in both the credit agreement and the 2025 Note Amendments
Matson reported first-quarter 2025 net income of $72.3 million, or $2.18 per diluted share, up from $36.1 million, or $1.04, a year earlier, on revenue of $782.0 million. The company lowered its outlook, expecting second-quarter 2025 consolidated operating income to be meaningfully lower than the $124.6 million of the second quarter of 2024 and full-year 2025 operating income to be lower than the $551.3 million reported for 2024, citing tariff and trade uncertainty and a sharp April decline in Transpacific demand.
Net income $72.3 million, or $2.18 per diluted share, vs. $36.1 million, or $1.04, in Q1 2024
Revenue $782.0 million vs. $722.1 million; operating income $82.1 million vs. $36.9 million
Q2 2025 consolidated operating income expected to be meaningfully lower than $124.6 million in Q2 2024
Since tariffs were implemented in April, container volume has declined approximately 30 percent year-over-year
At its April 24, 2025 annual meeting, Matson shareholders approved the 2025 Incentive Compensation Plan, which provides for issuing 1,400,000 common shares, and elected all seven nominated directors. Shareholders also approved executive compensation in an advisory vote and ratified Deloitte & Touche LLP as the independent auditor for 2025. The votes were routine governance actions with no reported change to results or operations.
The 2025 Incentive Compensation Plan received 24,634,209 votes for and 2,067,263 against, with 63,384 abstentions.
The plan provides for issuing 1,400,000 common shares, subject to shareholder approval.
All seven director nominees were elected, including Meredith J. Ching, Matthew J. Cox, and Bradley D. Tilden.
Deloitte & Touche LLP was ratified as the independent registered public accounting firm for the year ending December 31, 2025, with 28,642,635 votes for.
Matson, Inc. disclosed that Rusty K. Rolfe, Executive Vice President and President of Matson Logistics, notified the company on April 23, 2025 that he will retire on July 1, 2025. The company may enter into a consulting agreement with him on its standard terms to help with the transition after he retires.
Rusty K. Rolfe, EVP and President, Matson Logistics, notified the company on April 23, 2025 of his retirement.
Retirement effective July 1, 2025.
The company may enter into a consulting agreement with Mr. Rolfe on its standard terms for transition purposes.
The 8-K was filed April 28, 2025 and signed by Chairman and CEO Matthew J. Cox.
Matson reported fourth-quarter 2024 net income of $128.0 million, or $3.80 per diluted share, up from $62.4 million, or $1.78, a year earlier, on revenue of $890.3 million compared with $788.9 million. For full-year 2025, the company expects consolidated operating income to be moderately lower than the $551.3 million achieved in 2024 if Red Sea trade normalizes by mid-year, or to approach the 2024 level if disruption continues through year end.
Q4 2024 diluted EPS was $3.80 versus $1.78 in Q4 2023; net income was $128.0 million versus $62.4 million
Q4 2024 consolidated revenue was $890.3 million versus $788.9 million; China freight rates were a primary driver
Q1 2025 consolidated operating income is expected to be meaningfully higher than the $36.9 million in Q1 2024
Full-year 2024 diluted EPS was $13.93 and net income was $476.4 million; a $18.4 million SSAT impairment charge reduced Q4 2024 diluted EPS by $0.42
Matson reported third quarter 2024 net income of $199.1 million, or $5.89 per diluted share, up from $119.9 million, or $3.40 per share, a year earlier. Revenue rose to $962.0 million from $827.5 million, driven mainly by significantly higher China freight rates, and the company raised its full-year 2024 consolidated operating income outlook. For shareholders, the filing shows a sharp year-over-year profit increase and a higher outlook, though the company said freight rates are expected to moderate with normal seasonality.
Q3 2024 operating income was $242.3 million versus $132.1 million in Q3 2023, and EBITDA was $289.4 million versus $175.1 million.
Management expects Q4 2024 consolidated operating income to be meaningfully higher than the $75.3 million achieved in Q4 2023.
The company repurchased approximately 0.4 million shares for $48.1 million in Q3 2024 and declared a $0.34 per share dividend payable December 5, 2024.
Matson reported second-quarter 2024 net income of $113.2 million, or $3.31 per diluted share, up from $80.8 million, or $2.26 per share, a year earlier. The company said it is raising its full-year 2024 consolidated operating income outlook, and it expects third-quarter and fourth-quarter 2024 consolidated operating income to be higher than the same quarters of 2023.
Q2 2024 consolidated revenue was $847.4 million, up from $773.4 million in Q2 2023, and consolidated operating income was $124.6 million, up from $96.7 million.
Ocean Transportation operating income rose $26.6 million, or 32.3 percent, mainly on significantly higher freight rates in China.
Matson expects Q3 2024 consolidated operating income to be meaningfully higher than $132.1 million and Q4 2024 to be moderately higher than $75.3 million.
Matson repurchased about 0.6 million shares for $72.2 million in Q2 2024 and declared a $0.34 per share dividend payable September 5, 2024.
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