Matson (MATX) Misses Q2 EPS by 30c

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Matson, Inc. Announces Second Quarter 2020 Results

August 5, 2020 4:05 PM EDT

HONOLULU, Aug. 5, 2020 /PRNewswire/ -- Matson, Inc. ("Matson" or the "Company") (NYSE: MATX), a leading U.S. carrier in the Pacific, today reported net income of $32.8 million, or $0.76 per diluted share, for the quarter ended June 30, 2020.  Net income for the quarter ended June 30, 2019 was $18.4 million, or $0.43 per diluted share.  Consolidated revenue for the second quarter 2020 was $524.1 million compared with $557.9 million for the second quarter 2019.

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