Last $28.40 USD
Change Today -0.25 / -0.87%
Volume 247.9K
MATX On Other Exchanges
Symbol
Exchange
New York
As of 4:15 PM 07/25/14 All times are local (Market data is delayed by at least 15 minutes).

matson inc (MATX) Snapshot

Open
$28.29
Previous Close
$28.65
Day High
$28.57
Day Low
$28.14
52 Week High
07/9/14 - $29.54
52 Week Low
05/7/14 - $22.48
Market Cap
1.2B
Average Volume 10 Days
187.4K
EPS TTM
$1.26
Shares Outstanding
43.0M
EX-Date
08/5/14
P/E TM
22.5x
Dividend
$0.68
Dividend Yield
2.25%
Current Stock Chart for MATSON INC (MATX)

matson inc (MATX) Details

Matson, Inc., together with its subsidiaries, operates as an ocean freight carrier in the Pacific. It operates in two segments, Ocean Transportation and Logistics. The Ocean Transportation segment offers ocean transportation services to the island economies of Hawaii, Guam, and Micronesia, as well as operates an expedited service from China to Long Beach, California; and provides ocean services to various islands in the South Pacific, including New Zealand, Fiji, Samoa, American Samoa, Tonga, the Cook Islands, Australia, and the Solomon Islands. It operates a fleet of 18 vessels, including 11 containerships, 3 combination container/roll-on/roll-off ships, 1 roll-on/roll-off barge, and 3 container barges equipped with cranes; and 3 chartered vessels. This segment also offers container stevedoring, container equipment maintenance, and other terminal services for MatNav and other ocean carriers on the islands of Oahu, Hawaii, Maui, and Kauai. The Logistics segment provides multimodal transportation services, including domestic and international rail intermodal service; long-haul and regional highway brokerage, specialized hauling, flat-bed and project work, less-than-truckload, and expedited freight; and warehousing and distribution services. This segment also offers consolidation, customs brokerage, purchase order management, and non vessel operating common carrier services. The company was formerly known as Alexander & Baldwin Holdings, Inc. and changed its name to Matson, Inc. in June 2012. Matson, Inc. was founded in 1882 and is headquartered in Honolulu, Hawaii.

1,036 Employees
Last Reported Date: 02/28/14
Founded in 1882

matson inc (MATX) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $617.0K
Chief Financial Officer, Senior Vice Presiden...
Total Annual Compensation: $442.8K
Senior Vice President of Operations
Total Annual Compensation: $309.6K
Senior Vice President of Pacific
Total Annual Compensation: $298.0K
Compensation as of Fiscal Year 2013.

matson inc (MATX) Key Developments

Matson, Inc. Declares Quarterly Dividend, Payable on September 4, 2014

The Board of Directors of Matson, Inc. declared a third quarter dividend of $0.17 per common share. The dividend represents a one-cent increase, or 6.25%, over the previous quarter's dividend and will be paid on September 4, 2014 to all shareholders of record as of the close of business on August 7, 2014.

Matson, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2014; Provides Earnings Guidance for the Year 2014

Matson, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported net income of $3.4 million, or $0.08 per basic and diluted share against $9.1 million, or $0.21 per basic and diluted share a year ago. Consolidated revenue for the first quarter 2014 was $392.5 million compared with $394.7 million reported for the first quarter 2013. The company generated EBITDA of $27.3 million during the first quarter 2014 compared to $36.0 million in the first quarter 2013, a decrease of $8.7 million, or 24.2%, due primarily to the decrease in ocean transportation operating income. Maintenance capital expenditures for the first quarter 2014 totaled was $4.9 million compared with $6.3 million in the first quarter 2013. Operating income was $9.9 million against $18.7 million a year ago. Income before income taxes was $5.8 million against $15.0 million a year ago. Net debt was $153.9 million. For the full year 2014, the company operating income is expected to be near or slightly above levels achieved in 2013, which was $104.3 million (exclusive of a $9.95 million Litigation Charge). This outlook excludes any future impact from the September 2013 molasses incident. The company expects its interest expense in 2014 to increase over the 2013 amount by approximately $3.5 million due primarily to the notes financing transaction that closed on January 28, 2014. The company expects its 2014 effective tax rate to be approximately 38.5%. The company expects maintenance capital expenditures for 2014 to be approximately $40.0 million.

Matson Mulls Acquistions

Matson, Inc. (NYSE:MATX) is looking for acquisitions. Joel Wine, Chief Financial Officer of Matson, Inc. said, "The one thing we're not shy about doing is investing in talent acquisition. So we have -- we're in the marketplace every day, every month, looking for talent to join our Company that bring expertise in their own brokerage businesses, and we haven't been bashful about trying to go out and compete for that talent. We think that's very sensible and can add to our platform and our growth opportunity."

 

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Industry Analysis

MATX

Industry Average

Valuation MATX Industry Range
Price/Earnings 25.8x
Price/Sales 0.8x
Price/Book 3.7x
Price/Cash Flow 25.6x
TEV/Sales 0.4x
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