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Dec 31, 2021

Matson Q4 2021 Earnings Report

Matson's Q4 2021 earnings were announced, featuring an EPS of $9.39 and revenue of $1,267.0 million.

Key Takeaways

Matson reported a net income of $394.5 million, or $9.39 per diluted share, for the quarter ended December 31, 2021. Consolidated revenue for the fourth quarter 2021 was $1,267.0 million, driven primarily by China service strength.

4Q21 EPS was $9.39

Full Year 2021 EPS was $21.47

Full Year 2021 Net Income and EBITDA were $927.4 million and $1,350.3 million, respectively

Year-over-year increase in 4Q21 and consolidated operating income was driven primarily by China service strength

Total Revenue
$1.27B
Previous year: $700M
+81.0%
EPS
$9.39
Previous year: $1.96
+379.1%
Hawaii Containers Volume
41.5K
Previous year: 37.6K
+10.4%
Hawaii Automobiles Volume
10.6K
Previous year: 12.2K
-13.1%
Alaska Containers Volume
19.4K
Previous year: 17.6K
+10.2%
Gross Profit
$519M
Previous year: $166M
+212.3%
Cash and Equivalents
$282M
Previous year: $14.4M
+1861.1%
Total Assets
$3.69B
Previous year: $2.9B
+27.3%

Matson

Matson

Matson Revenue by Segment

Forward Guidance

For 2022, Matson expects supply chain congestion to remain largely in place through at least the October peak season and expects elevated demand for its China service for most of the year.

Revenue & Expenses

Visualization of income flow from segment revenue to net income