- Expects 4Q25 consolidated operating income to be $135.0 to $145.0 million
- Expects 4Q25 net income and diluted EPS to be $131.3 to $146.3 million and $4.22 to $4.70, respectively
- 4Q25 diluted EPS includes a benefit of approximately $0.77 due to positive income tax adjustments
- Expects full year 2026 consolidated operating income to approach the level achieved in full year 2025
- Repurchased approximately 0.7 million shares in 4Q25
HONOLULU, Jan. 14, 2026 /PRNewswire/ — Matson, Inc. (“Matson” or the “Company”) (NYSE:MATX) today announces preliminary fourth quarter financial results, provides 2026 outlook for consolidated operating income and announces that its fourth quarter earnings call will be held on February 24, 2026.
Matt Cox, Matson’s Chairman and Chief Executive Officer, commented, “Matson had a solid finish to the year with consolidated fourth quarter results that exceeded our expectations. During the quarter, our China service saw higher than expected freight rates and volume driven by strong e-commerce and e-goods demand. Our China service benefited from strong freight demand in our key customer segments as well as a more stable trading environment in the Transpacific tradelane as a result of the U.S.-China trade and economic deal announced on October 30, 2025, which reduced uncertainty regarding tariffs, port entry fees, global trade and other geopolitical factors. Looking ahead, for full year 2026 we expect consolidated operating income to approach the level achieved in full year 2025 based on our expectations of continued solid U.S. consumer demand and a stable trading environment in the Transpacific tradelane.”
Mr. Cox added, “For the fourth quarter 2025, we expect consolidated operating income to be $135.0 to $145.0 million. We also expect fourth quarter 2025 net income and diluted EPS to be $131.3 to $146.3 million and $4.22 to $4.70, respectively. Fourth quarter 2025 diluted EPS includes a benefit of approximately $0.77 per share due to positive income tax adjustments. We will provide more details on our fourth quarter and full year 2025 financial performance and 2026 outlook on our earnings call on February 24, 2026.”
Fourth Quarter Tradelane Volume (Forty-foot equivalent units (FEU)) (1)(2)(3):
For the three months ended December 31, 2025 compared to the three months ended December 31, 2024 and on a FEU basis:
- Hawaii container volume increased 0.6 percent primarily due to higher general demand;
- Alaska container volume decreased 3.3 percent primarily due to one less northbound sailing compared to the year ago period, partially offset by higher AAX volume;
- China container volume was 7.2 percent lower;
- Guam container volume was 4.4 percent higher primarily due to higher general demand; and