- Expects 2Q23 operating income for Ocean Transportation to be $78.0 to $83.0 million
- Expects 2Q23 operating income for Logistics to be $13.5 to $14.5 million
- Expects 2Q23 net income and diluted EPS to be $76.3 to $81.5 million and $2.14 to $2.28, respectively
- Year-over-year decrease in consolidated operating income driven primarily by lower contribution from China service
- Repurchased approximately 0.6 million shares in 2Q23
- Announces second quarter earnings call date on August 1, 2023
HONOLULU, July 20, 2023 /PRNewswire/ — Matson, Inc. (“Matson” or the “Company”) (NYSE: MATX) today announces preliminary second quarter financial results, provides a business update and announces that its second quarter earnings call will be held on August 1, 2023.
“Matson’s Ocean Transportation and Logistics business segments performed well despite a challenging business environment and sluggish economic growth,” said Chairman and Chief Executive…
