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Sep 30, 2023
Matson Q3 2023 Earnings Report
Matson's third quarter earnings decreased due to lower contribution from China service and lower volumes in domestic ocean tradelanes.
Key Takeaways
Matson reported a net income of $119.9 million, or $3.40 per diluted share, for the quarter ended September 30, 2023. Consolidated revenue for the third quarter 2023 was $827.5 million. The year-over-year decrease in consolidated operating income was primarily driven by lower contribution from China service.
3Q23 EPS of $3.40
3Q23 Net Income and EBITDA of $119.9 million and $175.1 million, respectively
Year-over-year decrease in 3Q23 consolidated operating income driven primarily by lower contribution from China service
Repurchased approximately 0.3 million shares in 3Q23
Revenue by Segment
Forward Guidance
Matson expects consolidated operating income in the fourth quarter of 2023 to be higher than the level achieved in the first quarter of 2023.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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