Matson (MATX) Tops Q4 EPS by 1c, Revenues Beat
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Matson, Inc. Announces Fourth Quarter And Full Year 2018 Results; Provides 2019 Outlook
February 21, 2019 4:05 PM ESTHONOLULU, Feb. 21, 2019 /PRNewswire/ -- Matson, Inc. ("Matson" or the "Company") (NYSE: MATX), a leading U.S. carrier in the Pacific, today reported net income of $20.6 million, or $0.48 per diluted share, for the quarter ended December 31, 2018. Net income for the quarter ended December 31, 2017 was $166.9 million, or $3.90 per diluted share. Net income and earnings per share in the fourth quarter of 2017 benefitted by $155.0 million and $3.62 per diluted share, respectively, from a one-time, non-cash tax adjustment arising from the enactment of the Tax Cuts and Jobs Act of 2017 (the "Tax Act"). Consolidated revenue for the fourth... More
