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Sep 30, 2021
Matson Q3 2021 Earnings Report
Matson reported strong performance in both Ocean Transportation and Logistics, driven by China service demand and domestic tradelane volumes.
Key Takeaways
Matson, Inc. reported a net income of $283.2 million, or $6.53 per diluted share, for the quarter ended September 30, 2021. Consolidated revenue for the third quarter 2021 was $1,071.6 million. The strong economic and business trends seen in the second quarter continued in the third quarter, resulting in solid performance in both Ocean Transportation and Logistics.
3Q21 EPS was $6.53.
3Q21 Net Income was $283.2 million.
3Q21 EBITDA was $417.8 million.
Year-over-year increase in consolidated operating income was primarily driven by China service strength.
Matson
Matson
Matson Revenue by Segment
Revenue by Segment
Ocean Transportation Revenue
CapyFin.com Forward Guidance
Supply chain congestion is expected to continue in the Transpacific tradelane at least through mid-year 2022.