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AI brief of an SEC Form 8-K · Matson (MATX)

Matson Q3 EPS rises to $5.89 from $3.40 and raises 2024 operating income outlook

Positive Impact 4 of 5 earnings Written later

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.

Key points

  • 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.

The filing

CompanyMatson (MATX)
Form8-K, current report
Filed with the SECOct 30, 2024, 4:10 PM ET
Accession number0001558370-24-013944

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 12:59 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 30, 2024.

Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.