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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.
Matson
Matson
Matson Revenue by Segment
Revenue by Segment
Ocean Transportation Revenue
CapyFin.com 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.
- The Alaska economy continues to be negatively impacted by the economic effects from the COVID-19 pandemic.
- The Alaska economy continues to be negatively impacted by a low oil price environment.
- The Alaska economy is expected to remain challenged until the pandemic subsides.