Loading...
•
Mar 31, 2022
Matson Q1 2022 Earnings Report
Matson's first quarter results for 2022 were announced, demonstrating significant year-over-year growth.
Key Takeaways
Matson reported a strong start to 2022, driven by increased demand for its China service and overall strength in both Ocean Transportation and Logistics segments. Net income reached $339.2 million, or $8.23 per diluted share, compared to $87.2 million, or $1.99 per diluted share in the first quarter of 2021. Consolidated revenue increased to $1,165.5 million from $711.8 million in the prior year.
First quarter EPS was $8.23.
Net income and EBITDA for the first quarter were $339.2 million and $476.4 million, respectively.
Year-over-year increase in consolidated operating income was primarily driven by strength in the China service.
Approximately 0.7 million shares were repurchased during the first quarter.
Revenue by Segment
Forward Guidance
Despite near-term uncertainty from supply chain challenges in China, the company expects elevated demand for its China service for most of the year and anticipates current supply and demand factors to remain largely in place through at least the October peak season.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...