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Sep 30, 2020
Matson Q3 2020 Earnings Report
Matson's third quarter 2020 earnings were announced, demonstrating strong performance driven by the China service.
Key Takeaways
Matson, Inc. reported a net income of $70.9 million, or $1.63 per diluted share, for the quarter ended September 30, 2020, compared to $36.2 million, or $0.84 per diluted share, for the quarter ended September 30, 2019. Consolidated revenue for the third quarter 2020 was $645.2 million compared with $572.1 million for the third quarter 2019. The China service was the primary driver of the increase in consolidated operating income year-over-year.
3Q20 EPS reached $1.63, compared to $0.84 in 3Q19.
3Q20 net income was $70.9 million, against $36.2 million in 3Q19.
3Q20 EBITDA totaled $134.7 million, versus $89.1 million in 3Q19.
The year-over-year increase in consolidated operating income was primarily driven by the strength of the China service.
Matson
Matson
Matson Revenue by Segment
Revenue by Segment
Ocean Transportation Revenue
CapyFin.com Forward Guidance
For the fourth quarter of 2020, the Company expects its businesses to continue to perform well and to generate strong financial results.