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Get filing alertsMatson reports Q2 EPS of $4.27, up 46% YoY; raises full-year outlook on China service strength
Filed August 3, 2026 · Period ending August 3, 2026 · ~1 min read
Key Changes
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high
Q2 2026 diluted EPS of $4.27, up 46% from $2.92 in Q2 2025; net income rose 37% to $129.4 million on revenue of $969.4 million (up 17%). Six-month EPS of $6.10, up 20% YoY.
Exhibit 99.1 view on EDGAR → -
high
China service container volume up 15.2% YoY in Q2, rebounding from tariff-depressed 2025 levels.
Exhibit 99.1 view on EDGAR → -
high
Raised full-year 2026 outlook: consolidated operating income to exceed 2025 levels.
Exhibit 99.1 view on EDGAR → -
medium
Repurchased 0.3 million shares in Q2 2026 for $67.8 million. Board approved additional 3.0 million shares for repurchase program (extended to Dec 2029); 3.4 million shares remaining as of June 30, 2026. Declared $0.38 per share dividend payable Sept 3, 2026.
Exhibit 99.1 view on EDGAR → -
medium
Iran conflict has not impacted operating performance or service levels but has driven up fuel prices across all markets. Company expects to fully recover higher fuel costs through surcharges by year-end.
Exhibit 99.1 view on EDGAR →
Summary
Matson delivered a strong second quarter, with diluted EPS of $4.27 up 46% year-over-year, driven by higher-than-expected freight rates and demand in its China service.
Revenue climbed 17% to $969.4 million, and net income rose 37% to $129.4 million. The company repurchased 0.3 million shares for $67.8 million in the quarter and declared a $0.38 per share dividend. While the Iran conflict has elevated fuel prices, Matson expects to fully recover those costs by year-end, leaving operating performance and service levels unaffected.
Section-by-Section Diff
Event · Exhibit 99.1
Matson reports Q2 2026 EPS of $4.27 (up 46% YoY), raises full-year outlook on strong China service demand, and repurchased 0.3M shares.
Added in current filing · view on EDGAR → · paraphrased
Net income for the quarter ended June 30, 2026 was $94.7 million, or $2.92 per diluted share. ... net income of $129.4 million, or $4.27 per diluted share, for the quarter ended June 30, 2026. ... Consolidated revenue for the second quarter 2026 was $969.4 million, compared with $830.5 million for the second quarter 2025.
Matson reported Q2 2026 net income of $129.4 million ($4.27 per diluted share), up 36.6% from $94.7 million ($2.92 per share) in Q2 2025. Revenue rose 16.7% to $969.4 million from $830.5 million. The improvement was driven by higher-than-expected freight rates and demand in the China service (CLX and MAX) across e-commerce, garments, and e-goods, against tighter Transpacific supply conditions.
Added in current filing · view on EDGAR →
In the China service, the Company’s container volume in the second quarter 2026 increased 15.2 percent year-over-year 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. ... The Company expects its China service to be at or near capacity through peak season. For the fourth quarter 2026, the Company expects demand to reflect a more traditional seasonality pattern compared to the elevated period of freight demand experienced in the Transpacific market in the fourth quarter 2025 following the U.S.-China trade and economic agreement announced on October 30, 2025.
China service container volume rose 15.2% year-over-year in Q2 2026, rebounding from tariff-depressed 2025 levels.
Added in current filing · view on EDGAR → · paraphrased
For full year 2026, we expect consolidated operating income to be higher than the level achieved in full year 2025 based on the Company's expectations of continued solid U.S. consumer demand and a stable trading environment in the Transpacific tradelane. ... the Company expects Ocean Transportation operating income in the third quarter 2026 to be approximately 45 percent higher than the $147.4 million achieved in the third quarter 2025. The Company also expects Ocean Transportation operating income in the fourth quarter 2026 to be modestly lower than the $136.0 million achieved in the fourth quarter 2025. For full year 2026, the Company expects Ocean Transportation operating income to be higher than the $455.6 million achieved in full year 2025.
Matson raised its full-year 2026 consolidated operating income outlook to exceed 2025 levels, citing solid U.S. consumer demand and a stable Transpacific trading environment.
Event · Exhibit 99.2
Matson reports strong Q2 2026 results, raises full-year outlook on higher China service demand and freight rates, and updates vessel construction.
Added in current filing · view on EDGAR →
Matson had a strong 2Q26 and is raising our full year outlook ... The momentum in our China service carried over from the post-Lunar New Year period ... Our China service saw higher-than-expected freight rates and demand ... Steady performance in our domestic tradelanes ... Logistics operating income increased YoY ... We are optimistic about 2H 2026 and expect higher performance versus 2H 2025
Matson disclosed strong second-quarter 2026 results and raised its full-year outlook. The company cited higher-than-expected freight rates and demand in its China service, steady performance in domestic tradelanes (Hawaii, Guam, Alaska), and year-over-year growth in Logistics operating income.
Added in current filing · view on EDGAR →
Total Revenue $1,727.2 $1,612.5 $114.7 7.1% $969.4 $830.5 $138.9 16.7% ... Total Operating Income $220.3 $195.1 $25.2 12.9% $158.9 $113.0 $45.9 40.6% ... Net Income $186.0 $167.0 $19.0 11.4% $129.4 $94.7 $34.7 36.6% ... GAAP EPS, diluted $6.10 $5.09 $1.01 19.8% $4.27 $2.92 $1.35 46.2%
For the six months ended June 30, 2026, Matson reported total revenue of $1,727.2 million (up 7.1% year-over-year), total operating income of $220.3 million (up 12.9%), net income of $186.0 million (up 11.4%), and diluted EPS of $6.10 (up 19.8%). For Q2 2026 alone, revenue was $969.4 million (up 16.7%), operating income $158.9 million (up 40.6%), net income $129.4 million (up 36.6%), and diluted EPS $4.27 (up 46.2%).
Added in current filing · view on EDGAR →
Container volume increased 15.2% YoY ... Primarily due to significantly higher demand compared to the prior year period ... 2Q25 included a market decline in Transpacific demand due to the tariffs imposed in April 2025 ... For full year 2026, we expect volume to be higher than the level achieved in 2025 ... Expect continued solid U.S. consumer demand and a stable trading environment in the Transpacific tradelane
Matson's China service container volume rose 15.2% year-over-year in Q2 2026, driven by significantly higher demand versus the prior-year period (which was depressed by tariffs imposed in April 2025). consumer demand and a stable Transpacific trading environment.
Added in current filing · view on EDGAR →
Ocean | Transportation | Operating Income | To be approximately 45% higher than the $147.4 million achieved in 3Q25 ... Consolidated Operating Income To be approximately 45% higher than the $161.0 million achieved in 3Q25 ... Ocean Transportation | Operating Income | To be modestly lower than the $136.0 | million achieved in 4Q25
Matson guided Q3 2026 Ocean Transportation operating income to be approximately 45% higher than the $147.4 million achieved in Q3 2025, and consolidated operating income approximately 45% higher than the $161.0 million in Q3 2025.
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Figures/quotes linked to EDGAR · Narrative written by AI · Aug 4, 2026 · How we verify