MATSON, INC. ANNOUNCES THIRD QUARTER 2026 RESULTS AND RAISES FULL YEAR OUTLOOK
Key Highlights
- ➤3Q26 EPS $6.96 versus $4.24 in 3Q25
- ➤3Q26 revenue $1,113.5 million, up 26.5% year-over-year
- ➤China service volume increased 16.0% year-over-year in 3Q26
- ➤Ocean Transportation operating income rose 62.2% to $239.1 million
- ➤Q4 consolidated operating income expected approximately 50% above 4Q25
Expert Statements
Matt Cox, Chairman and Chief Executive Officer of Matson
“Matson had a stronger-than-expected third quarter. Our China service performed well, with its speed and reliability serving as important differentiators amid continued pressure on global shipping networks and congestion at key Asia ports. Strong demand and elevated freight rates in our China service drove a substantial year-over-year increase in Ocean Transportation operating income, particularly compared with last year's muted peak season. In our domestic ocean tradelanes and logistics, we saw stable performance.”
Matt Cox, Chairman and Chief Executive Officer of Matson
“Looking ahead, we expect the strong demand and elevated freight rates we experienced in our China service in the third quarter to continue through year end and into early 2027. As a result, we expect Ocean Transportation operating income in the fourth quarter 2026 to be approximately 50 percent higher than the result achieved in the year ago period. We also expect Logistics operating income in the fourth quarter 2026 to be modestly higher year-over-year. Taken together, we expect consolidated operating income in the fourth quarter 2026 to be approximately 50 percent higher than fourth quarter 2025.”
MATSON, INC. ANNOUNCES THIRD QUARTER 2026 RESULTS AND RAISES FULL YEAR OUTLOOK PR Newswire
* 3Q26 EPS of $6.96 versus $4.24 in 3Q25 * 3Q26 Net Income of $209.4 million versus $134.7 million in 3Q25 * 3Q26 Consolidated Operating Income of $255.2 million versus $161.0 million in 3Q25 * 3Q26 EBITDA of $310.6 million versus $212.3 million in 3Q25 * Repurchased approximately 0.3 million shares in 3Q26 * Raises full year outlook HONOLULU, Nov. 4, 2026 /PRNewswire/ -- Matson, Inc. ("Matson" or the "Company") (NYSE: MATX), a leading U.S. carrier in the Pacific, today reported net income of $209.4 million, or $6.96 per diluted share, for the quarter ended September 30, 2026. Net income for the quarter ended September 30, 2025 was $134.7 million, or $4.24 per diluted share. Consolidated revenue for the third quarter 2026 was $1,113.5 million, compared with $880.1 million for the third quarter 2025.
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