Earnings ·
Matson, Inc. reported second quarter 2026 net income of $129.4 million, or $4.27 per diluted share, compared to $94.7…
MATXMatson, Inc.
Matson, Inc. reported second quarter 2026 net income of $129.4 million, or $4.27 per diluted share, compared to $94.7 million and $2.92 per share in the prior year period. Consolidated revenue increased 16.7% to $969.4 million from $830.5 million, driven by a 13.6% rise in Ocean Transportation revenue to $767.4 million due to higher volume and freight rates in its China service. The company raised its full-year 2026 outlook, expecting consolidated operating income to exceed the previous year's level. Additionally, Matson declared a quarterly cash dividend of $0.38 per share, payable on September 3, 2026, to shareholders of record as of August 6, 2026. The company operates in the ocean transportation and logistics industry, providing vital freight services to Hawaii, Alaska, Guam, and Transpacific routes.