NYSE$MATX
Matson Inc. · Q2 2022 earnings
Q2 2022 earnings · · Investor relations
Briefing
Matson's second quarter results were announced, featuring significant year-over-year increase in consolidated operating income driven by China service strength.
Matson, Inc. reported a strong performance in Q2 2022, with net income reaching $380.7 million, or $9.49 per diluted share, compared to $162.5 million, or $3.71 per diluted share, for the same quarter in 2021. The increase was primarily driven by the strength of the China service and overall favorable supply and demand fundamentals.
- 2Q22 EPS was $9.49
- 2Q22 Net Income was $380.7 million and EBITDA was $536.0 million
- Year-over-year increase in 2Q22 consolidated operating income was driven by China service strength
- Approximately 1.6 million shares were repurchased in 2Q22
Headline financials
Revenue & EPS history
Matson · Revenue · Quarterly
$1.26B
Revenue by segment
Matson · $1.05B total across 1 segment · Q2 2022
- Ocean Transportation$1.05B+53.6%100.0%
Forward guidance
Currently in the Transpacific tradelane, we are seeing solid demand for our China service as China’s factory production continues to recover from the COVID-19-related supply chain challenges. However, in recent weeks we have seen a gradual decline in the Transpacific freight rate environment off the highs experienced earlier this year. This indicates that rates have likely peaked for now, and, at this time, we expect an orderly marketplace for the remainder of the year with our vessels continuing to operate at or near capacity and earning a significant rate premium to the market because of our differentiated, fast ocean services. To this end, we continue to expect to operate the CCX service through the October peak season this year.
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 Q2 2022
-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
| Quarter | Report date | Reaction (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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