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Sep 30, 2024
Matson Q3 2024 Earnings Report
Matson's third quarter performance in 2024 was marked by strong financial results, driven by increased operating income in both Ocean Transportation and Logistics segments.
Key Takeaways
Matson reported a strong third quarter, exceeding expectations with higher year-over-year operating income in both Ocean Transportation and Logistics segments. The China service was the primary driver of the increase in consolidated operating income year-over-year. The company is raising its outlook for Full Year 2024 Consolidated Operating Income.
EPS reached $5.89, compared to $3.40 in Q3 2023.
Net Income was $199.1 million, up from $119.9 million in Q3 2023.
Consolidated Operating Income increased to $242.3 million, versus $132.1 million in Q3 2023.
Approximately 0.4 million shares were repurchased during the quarter.
Matson
Matson
Matson Revenue by Segment
Revenue by Segment
Ocean Transportation Revenue
CapyFin.com Forward Guidance
The Company expects Matson’s consolidated fourth quarter 2024 operating income to be meaningfully higher than the $75.3 million achieved in the fourth quarter 2023.