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Mar 31, 2020
Matson Q1 2020 Earnings Report
Matson's first quarter earnings were announced, revealing a decrease in net income and revenue compared to the previous year, while container volumes showed mixed results across different tradelanes amidst the evolving COVID-19 situation.
Key Takeaways
Matson reported a net income of $3.8 million, or $0.09 per diluted share, for the quarter ended March 31, 2020. Consolidated revenue for the first quarter 2020 was $513.9 million. The company's performance was impacted by the evolving COVID-19 situation, with challenges in SSAT and Logistics business segment.
1Q20 EPS was $0.09.
1Q20 Net Income was $3.8 million and EBITDA was $46.5 million.
The report includes a business update related to COVID-19.
Title XI financing for $186 million was closed at an effective interest rate of 1.60%.
Matson
Matson
Matson Revenue by Segment
Revenue by Segment
Ocean Transportation Revenue
CapyFin.com Forward Guidance
Matson withdrew its full year 2020 outlook on April 6, 2020 due to the increasing economic uncertainties regarding the COVID-19 pandemic.