Matson Q2 2023 Earnings Report
Key Takeaways
Matson, Inc. reported net income of $80.8 million, or $2.26 per diluted share, for the quarter ended June 30, 2023. Consolidated revenue for the second quarter 2023 was $773.4 million. The year-over-year decrease in consolidated operating income was primarily driven by lower contribution from China service.
2Q23 EPS of $2.26
2Q23 Net Income and EBITDA of $80.8 million and $140.5 million, respectively
Year-over-year decrease in 2Q23 consolidated operating income driven primarily by lower contribution from China service
Repurchased approximately 0.6 million shares in 2Q23
Matson
Matson
Matson Revenue by Segment
Forward Guidance
Matson expects consolidated operating income in the third quarter of 2023 to be higher than the level achieved in the second quarter and the fourth quarter consolidated operating income to approach the level achieved in the first quarter of 2023.
Revenue & Expenses
Visualization of income flow from segment revenue to net income