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Get filing alertsMatson reports preliminary Q2 2026 operating income of $153-160M, up YoY on China strength
Filed July 15, 2026 · Period ending July 15, 2026 · ~1 min read
Key Changes
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Preliminary Q2 2026 consolidated operating income of $153.0-160.0M, with net income of $124.8-130.3M and diluted EPS of $4.12-4.30, up from Q2 2025 net income of $94.7M and EPS of $2.92.
Exhibit 99.1 view on EDGAR → -
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China service (CLX and MAX) saw higher-than-expected freight rates and demand across e-commerce, garments, and e-goods; container volume up 15.2% YoY. Company expects China service at or near capacity through peak season.
Exhibit 99.1 view on EDGAR → -
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Domestic tradelanes showed mixed results: Hawaii volume down 1.1% on lower general demand, Alaska down 2.3% on lower export seafood, Guam up 4.4%.
Exhibit 99.1 view on EDGAR → -
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Repurchased approximately 0.3M shares for $67.8M in Q2 2026; 3.4M shares remain under repurchase authorization as of June 30, 2026.
Exhibit 99.1 view on EDGAR → -
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As of June 30, 2026: cash and equivalents of $119.3M (excluding $345.8M in Capital Construction Fund), total debt of $341.3M.
Exhibit 99.1 view on EDGAR →
Summary
Matson disclosed preliminary second quarter 2026 results showing consolidated operating income of $153.0 to $160.0 million, with net income of $124.8 to $130.3 million and diluted earnings per share of $4.12 to $4.30. The company's domestic tradelanes showed mixed results, with Hawaii container volume down 1.1 percent on lower general demand and Alaska volume down 2.3 percent primarily due to lower export seafood volume, while Guam volume increased 4.4 percent. Matson expects its China service to operate at or near capacity through peak season, supported by current Transpacific market conditions and anticipated solid U.S. consumer demand.
During the quarter, the company repurchased approximately 0.3 million shares for $67.8 million, with 3.4 million shares remaining under its repurchase authorization. As of June 30, 2026, Matson held cash and cash equivalents of $119.3 million (excluding $345.8 million in its Capital Construction Fund) against total debt of $341.3 million.
Section-by-Section Diff
Event · Exhibit 99.1
Added in current filing · view on EDGAR →
Our CLX and MAX services saw higher-than-expected freight rates and demand across e-commerce, garments and e-goods against a backdrop of tighter supply conditions in the Transpacific tradelane. Looking ahead, we expect our China service to be at or near capacity through peak season, supported by current Transpacific market conditions and our expectation of continued solid U.S. consumer demand.
Matson's China services (CLX and MAX) experienced higher-than-expected freight rates and demand across e-commerce, garments, and e-goods categories, benefiting from tighter supply conditions in the Transpacific tradelane. The company expects its China service to operate at or near capacity through peak season, supported by current market conditions and anticipated solid U.S. consumer demand.
Added in current filing · view on EDGAR →
Hawaii container volume decreased 1.1 percent primarily due to lower general demand;
● Alaska container volume decreased 2.3 percent primarily due to lower export seafood volume on AAX, partially offset by one additional northbound sailing;
● China container volume increased 15.2 percent primarily due to significantly higher demand compared to the prior year period, which included a market decline in Transpacific demand due to the tariffs imposed in April 2025;
● Guam container volume increased 4.4 percent; and
● Other containers volume decreased 11.4 percent.
For the three months ended June 30, 2026, Matson reported mixed volume performance across its tradelanes. China container volume increased 15.2 percent due to significantly higher demand compared to the prior year period, which had been impacted by tariffs imposed in April 2025. Hawaii volume decreased 1.1 percent due to lower general demand, Alaska volume decreased 2.3 percent primarily due to lower export seafood volume, Guam volume increased 4.4 percent, and other containers volume decreased 11.4 percent.
Event · Exhibit 99.2
Matson disclosed preliminary Q2 2026 results with operating income of $153-160M and repurchased 0.3M shares for $67.8M.
Added in current filing · view on EDGAR →
Net income $94.7 $124.8 - $130.3 Diluted EPS $2.92 $4.12 - $4.30
Matson provided preliminary Q2 2026 net income guidance of $124.8 to $130.3 million and diluted earnings per share of $4.12 to $4.30, compared to actual Q2 2025 net income of $94.7 million and diluted EPS of $2.92. The guidance reflects an effective income tax rate of 21.0%.
Added in current filing · view on EDGAR →
In our domestic ocean tradelanes, we saw lower YoY volumes in Hawaii and Alaska and higher YoY volume in Guam
Matson disclosed mixed volume trends in its domestic ocean tradelanes for Q2 2026, with year-over-year volume declines in Hawaii and Alaska but volume growth in Guam. The company also noted that Logistics operating income increased year-over-year primarily due to higher contributions from freight forwarding and transportation brokerage, partially offset by lower warehousing contributions.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jul 20, 2026 · How we verify