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Matson Inc (MATX.N)

MATX.N on New York Stock Exchange

34.59USD
14 Dec 2018
Change (% chg)

$-0.51 (-1.45%)
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$35.10
Open
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Volume
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$41.75
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Latest Key Developments (Source: Significant Developments)

Matson Inc-Unit Entered Into Agreement Whereby MV Maunalei Was Sold For $106 Mln, & Subsequently Leased Back From Buyer
Tuesday, 27 Nov 2018 

Nov 27 (Reuters) - Matson Inc ::MATSON INC - UNIT ENTERED INTO AN AGREEMENT WHEREBY MV MAUNALEI WAS SOLD FOR $106.0 MILLION, AND SUBSEQUENTLY LEASED BACK FROM BUYER.MATSON INC - TERM OF LEASE IS FIVE YEARS WITH AN OPTION TO EXTEND TERM FOR AN ADDITIONAL TWO YEARS.MATSON INC - NET PROCEEDS FROM SALE WERE USED TO REDUCE BORROWINGS UNDER COMPANY'S REVOLVING CREDIT FACILITY..MATSON INC - SEES $12.0 MILLION IN HIGHER OPERATING COST AS A RESULT OF NEW LEASE EXPENSE.  Full Article

Matson Inc Announces Second Quarter 2018 Results
Tuesday, 31 Jul 2018 

July 31 (Reuters) - Matson Inc ::MATSON, INC. ANNOUNCES SECOND QUARTER 2018 RESULTS.Q2 EARNINGS PER SHARE $0.76.Q2 REVENUE $557.1 MILLION VERSUS I/B/E/S VIEW $523.8 MILLION.Q2 EARNINGS PER SHARE VIEW $0.67 -- THOMSON REUTERS I/B/E/S.EXPECTS FULL YEAR 2018 EBITDA TO BE MODESTLY LOWER THAN $296.0 MILLION ACHIEVED IN 2017.FOR FY 2018 IN OCEAN TRANSPORTATION, CO CONTINUE TO EXPECT IMPROVEMENTS IN EACH OF CORE TRADELANES WITH EXCEPTION OF GUAM AND CHINA.  Full Article

Matson Increases Quarterly Dividend By 5% To $0.21 Per Share
Friday, 29 Jun 2018 

June 29 (Reuters) - Matson Inc ::MATSON INCREASES QUARTERLY DIVIDEND BY 5% TO $0.21 PER SHARE.  Full Article

Matson Inc reports Q3 earnings per share $0.79
Thursday, 2 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
Monday, 31 Jul 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
Thursday, 29 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
Thursday, 29 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