Matson, Inc. Announces Third Quarter 2020 Results

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Go back to Matson, Inc. Announces Third Quarter 2020 Results

Matson (MATX) Tops Q3 EPS by 24c, Revenues Beat

November 2, 2020 4:40 PM EST

Matson (NYSE: MATX) reported Q3 EPS of $1.63, $0.24 better than the analyst estimate of $1.39. Revenue for the quarter came in at $645.2 million versus the consensus estimate of $644.39 million.

3Q20 EPS of $1.63 vs. $0.84 in 3Q193Q20 Net Income of $70.9 million vs. $36.2 million in 3Q193Q20 EBITDA of $134.7 million vs. $89.1 million in 3Q19Year-over-year increase in consolidated operating income driven primarily by China service strength Available borrowings of approximately $519 million at quarter end and leverage ratio per debt agreements of 2.4x

"Matson's... More