Matson Reports Preliminary Q2 Earnings, Cites Strength in China Service
Matson, Inc. has released preliminary second-quarter financial results, expecting consolidated operating income between $153.0 and $160.0 million, driven by strong performance in its China service.
Matson, Inc. announced preliminary financial results for the second quarter of 2026, projecting consolidated operating income to be in the range of $153.0 to $160.0 million. The company also confirmed its second-quarter earnings call is scheduled for August 3, 2026.
The company anticipates a year-over-year increase in operating income, primarily attributed to a higher contribution from its China service. Matson's Chairman and CEO, Matt Cox, noted that demand across e-commerce and apparel on the China service saw higher freight rates and demand amid tighter supply conditions. The company expects this service to operate at or near capacity through the peak season.
In its domestic ocean trades, Matson experienced lower year-over-year volumes in Hawaii and Alaska, while Guam saw increased volumes. The Logistics segment reported higher operating income compared to the previous year, driven by freight forwarding and transportation brokerage, though partially offset by lower contributions from warehousing.
Matson also repurchased approximately 0.3 million shares of its common stock in the second quarter for a total cost of $67.8 million. As of June 30, 2026, the company had about 3.4 million shares remaining under its repurchase program. Matson held approximately $119.3 million in cash and cash equivalents at the close of the second quarter.