Matson Q2 2020 Earnings Report
Key Takeaways
Matson, Inc. reported net income of $32.8 million, or $0.76 per diluted share, for the quarter ended June 30, 2020, compared to a net income of $18.4 million, or $0.43 per diluted share, for the quarter ended June 30, 2019. Consolidated revenue for the second quarter 2020 was $524.1 million compared with $557.9 million for the second quarter 2019. The increase in operating income was primarily driven by the strength in China service.
2Q20 EPS of $0.76 vs. $0.43 in 2Q19
2Q20 Net Income of $32.8 million vs. $18.4 million in 2Q19
2Q20 EBITDA of $86.2 million vs. $64.9 million in 2Q19
China service strength, including additional vessel charters, primarily drove increase in operating income
Matson
Matson
Matson Revenue by Segment
Forward Guidance
For the third quarter of 2020, the Company expects consolidated operating income, net income, diluted earnings per share and EBITDA to exceed the results achieved in the third quarter of 2019.
Revenue & Expenses
Visualization of income flow from segment revenue to net income