EPS: As of FY2026 Q2, the actual value is USD 4.21, beating the estimate of USD 3.7928.

Matson, Inc. announced preliminary earnings for the quarter ended June 30, 2026, with a strong second quarter driven by its China service .

Preliminary Second Quarter 2026 Financial Outlook

• Consolidated operating income for the second quarter of 2026 is expected to be in the range of $153.0 million to $160.0 million, representing a year-over-year increase primarily due to a higher contribution from its China service .
• Net income is anticipated to be between $124.8 million and $130.3 million .
• Interest income is estimated at $5.0 million .
• Net interest expense is estimated at - $1.6 million .
• Other income (expense), net, is estimated at $1.6 million .
• Income before taxes is projected to be between $158.0 million and $165.0 million .
• Income taxes are expected to range from $33.2 million to $34.7 million, with an estimated effective income tax rate of 21.0% .

Operational Highlights (Year-over-Year Volume Changes for Three Months Ended June 30, 2026)

• Ocean Transportation Segment:
  • Hawaii container volume decreased by 1.1 percent, mainly due to lower general demand .
  • Alaska container volume decreased by 2.3 percent, primarily attributable to lower export seafood volume on AAX, partially offset by one additional northbound sailing .
  • China container volume increased by 15.2 percent, driven by significantly higher demand compared to the prior year period, which had a market decline in Transpacific demand due to tariffs imposed in April 2025 . The CLX and MAX services observed higher-than-expected freight rates and demand across e-commerce, garments, and e-goods, supported by tighter supply conditions in the Transpacific tradelane .
  • Guam container volume increased by 4.4 percent .
  • Other containers volume decreased by 11.4 percent .
• Logistics Segment:
  • Operating income increased year-over-year, primarily due to higher contributions from freight forwarding and transportation brokerage, partially offset by a lower contribution from warehousing .

Liquidity and Debt (as of June 30, 2026)

• Cash and cash equivalents were approximately $119.3 million .
• Cash on deposit within the Capital Construction Fund (CCF) was $345.8 million .
• Total debt amounted to $341.3 million .

Share Repurchases

• During the second quarter of 2026, Matson, Inc. repurchased approximately 0.3 million shares for a total cost of $67.8 million .
• As of June 30, 2026, approximately 3.4 million shares remained in the company’s share repurchase program .

Outlook

Matson, Inc. expects its China service to operate at or near capacity through the peak season . This outlook is supported by current Transpacific market conditions and an expectation of continued solid U.S. consumer demand .