NYSE$MATX

Matson Inc. · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

Matson's first quarter earnings were announced, revealing a decrease in net income and revenue compared to the previous year, while container volumes showed mixed results across different tradelanes amidst the evolving COVID-19 situation.

Matson reported a net income of $3.8 million, or $0.09 per diluted share, for the quarter ended March 31, 2020. Consolidated revenue for the first quarter 2020 was $513.9 million. The company's performance was impacted by the evolving COVID-19 situation, with challenges in SSAT and Logistics business segment.

  • 1Q20 EPS was $0.09.
  • 1Q20 Net Income was $3.8 million and EBITDA was $46.5 million.
  • The report includes a business update related to COVID-19.
  • Title XI financing for $186 million was closed at an effective interest rate of 1.60%.

Headline financials

Total Revenue

$514M

Previous: $532M-3.5%
EPS (adj)

$0.09

Previous: $0.29-69.0%
Hawaii Container Volume

35.5K

No prior period
Alaska Container Volume

18.2K

No prior period
China Container Volume

12.9K

No prior period
Guam Container Volume

4.9K

No prior period
Capital Expenditures

-$9.1M

Previous: -$20.9M+56.5%
Free Cash Flow

-$5.3M

Previous: -$8.4M+36.9%
Net Income

$3.8M

Previous: $12.5M-69.6%
Operating Income

$13M

Previous: $17.5M-25.7%
Gross Profit

$65.6M

Previous: $65.3M+0.5%
Cash & Equivalents

$19.9M

Previous: $15.4M+29.2%
Total Assets

$2.84B

Previous: $2.68B+5.9%
Stock-Based Comp

$3.1M

Previous: $3.2M-3.1%

Revenue & EPS history

Matson · Revenue · Quarterly

$514M

Q1 2020-3.5%vs Q1 2019
Beat estimate in 14 of 16 quarters(88%)
ActualEstimate

Revenue by segment

Matson · $401M total across 1 segment · Q1 2020

  • Ocean Transportation
    $401M

Forward guidance

Matson withdrew its full year 2020 outlook on April 6, 2020 due to the increasing economic uncertainties regarding the COVID-19 pandemic.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2020

Historical avgQ1 2020

-0.7%

Avg return

Earnings day

+0.6%

Avg return

5 days after

+1.0%

Avg return

30 days after

49%

34 / 69 earnings

Positive

+15.2%

Q3 2024

Best reaction

-15.3%

Q1 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+9.7%+7.0%+9.2%
Q4 2025+1.0%+2.5%-5.4%
Q3 2025-1.4%-0.4%+10.7%
Q1 2025-15.3%-12.6%+1.8%
Q4 2024+1.7%-0.9%-10.1%
Q3 2024+15.2%+15.9%+14.0%
Q2 2024-0.9%-2.4%+4.2%
Q1 2024-4.1%+3.1%+12.5%
Q4 2023-2.4%-0.6%-7.4%
Q3 2023-2.3%-0.5%+5.6%
Q2 2023+1.1%+2.5%-6.0%
Q1 2023+4.9%+1.8%+12.8%
Q4 2022-7.8%-3.4%-15.3%
Q3 2022-10.0%-4.8%-13.9%
Q2 2022-9.1%-9.5%-19.6%
Q1 2022+6.3%+2.0%+3.1%
Q4 2021+9.7%+15.5%+35.9%
Q3 2021+8.5%+9.4%-2.4%
Q2 2021+3.7%+8.7%+21.8%
Q1 2021-1.6%-3.5%-5.9%
Q4 2020-4.4%-8.7%-11.5%
Q3 2020+10.8%+7.0%+11.6%
Q2 2020+6.4%+10.5%+11.7%
Q1 2020-7.1%-3.2%+9.5%
Q4 2019-12.0%-10.5%-12.8%
Q3 2019-2.1%-0.6%-4.5%
Q2 2019-3.1%-4.0%+1.3%
Q1 2019+0.7%-1.3%-6.8%
Q4 2018-2.8%+3.1%-1.4%
Q3 2018+14.3%+12.7%+5.2%
Q2 2018+2.5%+1.7%+5.9%
Q1 2018+5.9%+6.8%+17.1%
Q4 2017-14.6%-14.9%-16.8%
Q3 2017+6.8%+5.4%+7.7%
Q2 2017+3.1%+6.6%-11.0%
Q1 2017+4.2%+1.2%-4.1%
Q4 2016-8.6%-7.3%-14.6%
Q3 2016-12.3%-8.3%-2.4%
Q2 2016-4.7%-3.5%+9.3%
Q1 2016-12.7%
Q4 2015-5.8%
Q3 2015+9.2%
Q2 2015+6.0%
Q1 2015+3.1%
Q4 2014+7.6%
Q3 2014+4.3%
Q2 2014-2.7%
Q1 2014-6.1%
Q4 2013-3.7%
Q3 2013-13.6%
Q2 2013+0.0%
Q1 2013+7.6%
Q4 2012-0.5%
Q3 2012+3.7%
Q2 2012+3.7%
Q1 2012-1.1%
Q4 2011+2.8%
Q1 2009-8.2%
Q4 2008-8.2%
Q3 2011-8.8%
Q2 2011-7.1%
Q1 2010-8.1%
Q1 2011-8.1%
Q4 2010+1.8%
Q3 2009+0.4%
Q3 2010+0.4%
Q4 2009+1.3%
Q2 2009+1.3%
Q2 2010+1.3%

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