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Matson (MATX)
NYSE:MATX
Earnings Data
Report Date
Feb 25, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
3.38Last Year’s EPS
1.78Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 25, 2025
|% Change Since: 1.91%
|Next Earnings Date:May 06, 2025
Earnings Call Sentiment|Neutral
The earnings call reflects a strong performance in the fourth quarter with significant growth in operating income and successful shareholder returns. However, challenges such as the impairment charge in the SSAT joint venture, volume declines in certain regions, and geopolitical uncertainties present some concerns.Company Guidance
During Matson's Fourth Quarter 2024 Financial Results Conference Call, significant metrics and guidance were provided. For Q4 2024, Matson's consolidated operating income increased by $72.2 million year-over-year to $147.5 million, largely driven by higher freight rates in China and stronger logistics performance. The SSAT joint venture recorded an $18.4 million impairment charge, reducing diluted EPS by $0.42. Hawaii container volume decreased 1.7% in Q4 and 2.3% for the full year. China service volume rose 7.2% in Q4, with freight rates remaining elevated. For 2025, Matson expects container volumes in Hawaii to be stable, modest growth in Guam, and comparable volumes in Alaska. The company predicts full-year 2025 Ocean Transportation operating income will depend on geopolitical factors, with potential moderation if trade normalizes in the Red Sea. Logistics operating income is expected to be modestly lower due to challenging conditions. For 2025, Matson plans capital expenditures of $425 to $445 million, with significant investments in new vessel construction. The company also aims to continue its share repurchase program, having repurchased 1.6 million shares in 2024.Strong Fourth Quarter Performance
Matson had a very strong fourth quarter, exceeding expectations with significant contributions from the China service, leading to a year-over-year increase in Ocean Transportation operating income and consolidated operating income.
Increased Operating Income
For the full year 2024, consolidated operating income increased by $208.5 million year-over-year, primarily driven by higher freight rates in China and a resilient U.S. economy.
Logistics Segment Growth
Logistics operating income increased year-over-year, primarily due to a higher contribution from supply chain management, with a full year 2024 operating income of $50.4 million.
Shareholder Returns
Matson returned approximately $243.9 million to shareholders via dividends and share repurchase in 2024.
Strong Economic Outlook for Alaska
The Alaska economy continues to show good economic growth with job growth across almost every industry, supporting volume growth expectations for 2025.
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MATX Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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MATX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 25, 2025 | $141.37 | $143.76 | +1.69% |
| Oct 30, 2024 | $132.98 | $154.18 | +15.94% |
| Aug 01, 2024 | $127.96 | $130.86 | +2.27% |
| Apr 30, 2024 | $106.71 | $104.43 | -2.14% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Matson (MATX) report earnings?
Matson (MATX) is schdueled to report earning on Feb 25, 2025, TBA Not Confirmed.
What is Matson (MATX) earnings time?
Matson (MATX) earnings time is at Feb 25, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MATX EPS forecast?
MATX EPS forecast for the fiscal quarter 2024 (Q4) is 3.38.
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