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Matson Announces Preliminary 2Q21 Results, Provides Business Update And Announces 2Q21 Earnings Call Date

Matson Announces Preliminary 2Q21 Results, Provides Business Update And Announces 2Q21 Earnings Call Date
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Matson, Inc. Announces First Quarter 2021 Results

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HONOLULU, April 27, 2021 /PRNewswire/ Matson, Inc. ( Matson or the Company ) (NYSE: MATX), a leading U.S. carrier in the Pacific, today reported net income of $87.2 million, or $1.99 per diluted share, for the quarter ended March 31, 2021. Net income for the quarter ended March 31, 2020 was $3.8 million, or $0.09 per diluted share. Consolidated revenue for the first quarter 2021 was $711.8 million compared with $513.9 million for the first quarter 2020.
Matson is off to a strong start to 2021 with continued solid performance in both Ocean Transportation and Logistics, said Chairman and Chief Executive Officer Matt Cox. Within Ocean Transportation, our China service continued to see significant demand for its CLX and CLX+ expedited ocean services as volume for e-commerce and other high demand goods remained elevated, which resulted in very strong pre- and post-Lunar New Year volumes. Our financial performance in the C ....

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Matson Announces Preliminary 1Q21 Results, Provides Business Update And Announces 1Q21 Earnings Call Date

Matson Announces Preliminary 1Q21 Results, Provides Business Update And Announces 1Q21 Earnings Call Date
Expects 1Q21 operating income for Ocean Transportation to be $110.0 to $115.0 million vs. $7.9 million in 1Q20
Expects 1Q21 operating income for Logistics to be approximately $6.0 million vs. $5.1 million in 1Q20
Expects 1Q21 net income and diluted EPS to be $80.0 to $85.0 million and $1.83 to $1.93, respectively
Year-over-year increase in consolidated operating income driven primarily by China service strength
Announces first quarter earnings call date on April 27, 2021
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HONOLULU, April 15, 2021 /PRNewswire/ Matson, Inc. (NYSE: MATX) today announces preliminary first quarter financial results, provides a business update and announces that its first quarter earnings call date will be held on April 27, 2021. ....

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Matson Inc (MATX) Q4 2020 Earnings Call Transcript

Matson Inc (MATX) Q4 2020 Earnings Call Transcript
Motley Fool Transcribers
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Matson Inc (NYSE: MATX)
Operator
Ladies and gentlemen, thank you for standing by, and welcome to the Fourth Quarter 2020 Financial Results Conference Call. [Operator Instructions] I would now like to hand the conference over to your speaker today, Mr. Lee Fishman. Thank you. Please go ahead, sir.
This article is a transcript of this conference call produced for The Motley Fool. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company s SEC filings. Please see our ....

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