Loading...
•
Dec 31, 2020
Matson Q4 2020 Earnings Report
Matson's Q4 2020 earnings were announced, revealing strong performance in Ocean Transportation and Logistics.
Key Takeaways
Matson, Inc. reported a net income of $85.6 million, or $1.96 per diluted share, for the quarter ended December 31, 2020, compared to a net income of $15.6 million, or $0.36 per diluted share, for the same period in 2019. Consolidated revenue for the fourth quarter 2020 was $700.1 million, up from $540.7 million in the fourth quarter 2019. The increase in consolidated operating income was primarily driven by the strength of the China service.
4Q20 EPS reached $1.96.
Full Year 2020 EPS was $4.44.
Full Year 2020 Net Income amounted to $193.1 million.
Year-over-year increase in 4Q20 consolidated operating income was driven primarily by China service strength.
Revenue by Segment
Forward Guidance
The Company expects elevated consumption of e-commerce and other commodities coupled with other supply and demand factors in the tradelane to largely remain favorable in the first half of 2021 as the pandemic persists.
Positive Outlook
- Favorable supply and demand dynamics are expected to continue in the transpacific tradelane during the first half of 2021.
- Elevated consumption of e-commerce and other commodities are expected to persist.
- Supply and demand factors are expected to remain favorable as the pandemic continues.
- Matson expects some of the supply and demand factors that they are currently benefitting from to remain.
- Demand for CLX and CLX+ services is expected to continue to be driven by the remaining supply and demand factors.
Challenges Ahead
- Tourism levels are expected to remain low until the pandemic subsides, negatively impacting Hawaii's economy.
- Depressed tourism levels are expected to negatively impact the Guam economy in the near-term.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...