Every material Form 8-K Matson filed with the SEC in 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 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.
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.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Matson filing is on SEC EDGAR ↗. 8-K briefs of other companies →