Matson announces addition of 3M shares to existing share buyback program

The Board of Directors of Matson (MATX) approved adding three million shares to the existing twelve million share repurchase program and extending the program to December 31, 2027. As of February 26, 2025, the existing share repurchase program had 0.5 million shares remaining. “We are pleased to announce an additional three million shares to our existing share repurchase program,” said Matt Cox, Matson’s Chairman and Chief Executive Officer. “Since we commenced our share repurchase program in August 2021, we have repurchased 11.5 million shares for approximately $1.0 billion. Going forward, we will continue to be both disciplined and opportunistic in our capital allocation, and we remain committed to returning excess cash to shareholders to create additional shareholder value over the long-term.”