Matson's preliminary Q4 operating income expected at $135 mln-$145 mln

Overview

• The ocean transportation firm's preliminary Q4 operating income expected to be $135 mln-$145 mln

• Preliminary Q4 net income expected to be $131.3-$146.3 mln, EPS includes $0.77 tax benefit

• Company repurchased 0.7 mln shares in Q4 2025

Outlook

• Matson expects 2026 operating income to approach 2025 levels

• Company anticipates stable Transpacific tradelane environment in 2026

Result Drivers

• CHINA SERVICE DEMAND - Higher-than-expected freight rates and volume in China service, driven by strong e-commerce and e-goods demand

• TRADE DEAL IMPACT - U.S.-China trade deal reduced uncertainty, stabilizing Transpacific tradelane and benefiting freight demand

• TAX BENEFIT - Q4 diluted EPS includes $0.77 benefit from positive income tax adjustments

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the marine freight & logistics peer group is "buy."

• Wall Street's median 12-month price target for Matson Inc is $142.50, about 8% above its January 14 closing price of $131.92

• The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 10 three months ago

Press Release: ID:nPnbySYpga

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