Matson (MATX) Tops Q1 EPS by 4c, offers outlook

Matson (NYSE: MATX) reported Q1 EPS of $1.04, $0.04 better than the analyst estimate of $1.00. Revenue for the quarter came in at $722.1 million versus the consensus estimate of $739.98 million.

Outlook:
As a result of first quarter performance and the outlook trends, the Company expects full year 2024 Ocean Transportation operating income to be higher than the $294.8 million achieved in 2023 and higher than the previous outlook. In the second quarter 2024, the Company expects Ocean Transportation operating income to be moderately higher than the level achieved in the second quarter 2023.

For earnings history and earnings-related data on Matson (MATX) click here.

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