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Matson Inc (MATX.N)

MATX.N on New York Stock Exchange

34.35USD
23 May 2018
Change (% chg)

$-0.13 (-0.38%)
Prev Close
$34.48
Open
$34.37
Day's High
$34.66
Day's Low
$33.99
Volume
12,143
Avg. Vol
75,042
52-wk High
$40.29
52-wk Low
$21.70

Latest Key Developments (Source: Significant Developments)

Matson Inc reports Q3 earnings per share $0.79
Friday, 3 Nov 2017 

Nov 2 (Reuters) - Matson Inc :Matson Inc announces third quarter EPS of $0.79, raises 2017 outlook.Q3 earnings per share $0.79.Q3 revenue $543.9 million versus I/B/E/S view $531.8 million.Q3 earnings per share view $0.62 -- Thomson Reuters I/B/E/S.Matson Inc - ‍company expects full year 2017 EBITDA to be modestly higher than $290.0 million in 2016​.Matson Inc - ‍company expects full year 2017 ocean transportation operating income to be lower than $142.7 million achieved in 2016​.Matson Inc - Expects to make maintenance capital expenditure payments of about $50 million and vessel construction expenditures of about $250 million ‍for fy2017.Matson Inc - company expects to​ make dry-docking payments of approximately $50 million in fy2017.  Full Article

Matson to introduce new extension of its SPX service to Tahiti
Tuesday, 8 Aug 2017 

Aug 7 (Reuters) - Matson Inc -:Matson Inc-to introduce new extension of its SPX service to Tahiti, providing twice monthly arrivals from U.S. Mainland and Honolulu to French polynesia.  Full Article

Matson reports Q2 earnings per share $0.55
Tuesday, 1 Aug 2017 

July 31 (Reuters) - Matson Inc :Matson, Inc. Announces second quarter EPS of $0.55, affirms 2017 outlook.Q2 earnings per share $0.55.Q2 revenue $512.5 million versus I/B/E/S view $495.3 million.Q2 earnings per share view $0.44 -- Thomson Reuters I/B/E/S.Matson Inc - ‍affirms 2017 outlook​.Matson Inc - ‍for balance of 2017, at Guam co expect further "competitive losses" due to launch of a competitor's weekly service in December 2016​.  Full Article

Matson upsizes revolver to $650 mln and amends financing agreements
Friday, 30 Jun 2017 

June 29 (Reuters) - Matson Inc ::Matson upsizes revolver to $650 million and amends financing agreements.Matson Inc - ‍existing $400 million unsecured revolving credit facility with a syndicate of banks was increased to $650 million​.Matson Inc - ‍existing $400 million unsecured revolving credit facility was also extended for a new five-year term, maturing June 2022​.  Full Article

Matson increases quarterly dividend by 5.3 pct
Friday, 30 Jun 2017 

June 29 (Reuters) - Matson Inc ::Matson increases quarterly dividend by 5.3 percent to $0.20 per share.Increases quarterly dividend by 53 percent.  Full Article

Matson expects logistics segment operating income for FY16 to be about $12 mln
Thursday, 4 Aug 2016 

Matson Inc : Expected logistics segment operating income for full year 2016 to be approximately $12 million . Excluding one-time items expects deal to be immediately accretive to earnings per share providing annual eps accretion of about $0.10 to $0.12 .Expects to incur one-time pre-tax span alaska deal closing and integration costs of approximately $4.0 to $5.0 million in second half 2016.  Full Article

Matson second quarter EPS $0.42
Wednesday, 3 Aug 2016 

Matson Inc : Consolidated revenue for q2 2016 was $467.7 million compared with $447.6 million reported for q2 2015 . Q2 earnings per share view $0.42, revenue view $489.7 million -- Thomson Reuters I/B/E/S .Matson, inc. Announces second quarter eps of $0.42; affirms 2016 outlook.  Full Article

Matson Logistics to buy Span Alaska for $197.6 mln
Tuesday, 19 Jul 2016 

Matson Inc : Transaction valued at $197.6 million . Transaction expected to be $0.10 to $0.12 accretive to annual eps, excluding one-time costs . Transaction expected to be $0.10 to $0.12 accretive to annual eps . Matson says after closings of transaction and notes, we expect our $400 million revolving credit facility to have approximately $345 million of unused capacity . Expects to fund $197.6 million transaction at closing from available borrowings under its $400 million revolving credit facility . In third and fourth quarters of 2016, expects one-time pre-tax transaction closing and integration costs to be about $4.0 to $5.0 million . Matson logistics to acquire span alaska . Matson inc says expects to fund transaction from available borrowings under its revolving credit facility . Says enters Into Agreement For $200 Mln 15-Year senior unsecured notes at 3.14% fixed rate . Proceeds of notes are expected to be used to pay down company's revolving credit facility and for general corporate purposes . Matson will not assume any span alaska debt in transaction. .Expects business integration to be substantially complete by year-end 2016.  Full Article

Matson increases quarterly dividend by 5.6 pct to $0.19/share
Friday, 24 Jun 2016 

Matson Inc :Matson increases quarterly dividend by 5.6 percent to $0.19 per share.  Full Article

BRIEF-Matson Reports Q1 2018 Earnings Per Share $0.33

* MATSON, INC. ANNOUNCES FIRST QUARTER 2018 RESULTS AND RAISES 2018 OUTLOOK