Matson Q1 revenue falls on soft container demand

ReutersMay 4, 2026 8:23 PM

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Overview

U.S. Pacific carrier's Q1 2026 revenue fell yr/yr, driven by lower China service volume
Q1 2026 net income and EPS declined compared to prior year
Company repurchased 0.4 mln shares and expanded buyback program

Outlook

Matson expects Q2 consolidated operating income about $20 mln higher than Q2 2025's $113 mln
Company expects full-year 2026 consolidated operating income to modestly exceed 2025 levels
Matson expects Q2 negative impact from lag in recovery of fuel costs due to Iran conflict

Result Drivers

CHINA SERVICE VOLUME - Lower container volume in China service, mainly due to softer demand and a more traditional Lunar New Year freight cycle, weighed on Ocean Transportation revenue and operating income
DOMESTIC TRADELANES - Hawaii and Alaska container volumes declined due to lower general demand, contributing to weaker segment results
LOGISTICS SEGMENT - Lower operating income in Logistics was primarily due to a reduced contribution from supply chain management

Company press release: ID:nPn7BRVjsa

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q1 Revenue	Miss	$757.80 mln	$776.80 mln (2 Analysts)
Q1 EPS		$1.85
Q1 Net Income		$56.60 mln

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 $213.00, about 22.7% above its May 1 closing price of $173.55
The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 13 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

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