Last $26.71 USD
Change Today -0.53 / -1.95%
Volume 394.8K
MATX On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 09/19/14 All times are local (Market data is delayed by at least 15 minutes).

matson inc (MATX) Snapshot

Open
$27.35
Previous Close
$27.24
Day High
$27.63
Day Low
$26.71
52 Week High
07/9/14 - $29.54
52 Week Low
05/7/14 - $22.48
Market Cap
1.1B
Average Volume 10 Days
175.5K
EPS TTM
$1.21
Shares Outstanding
43.0M
EX-Date
08/5/14
P/E TM
22.0x
Dividend
$0.68
Dividend Yield
2.43%
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.

1,043 Employees
Last Reported Date: 07/31/14
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. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Earnings Guidance for the Second Half and Full Year of 2014

Matson, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, total operating revenue was $436.4 million against $416.6 million last year. Operating income was $35.7 million against $36.5 million last year. Income before income taxes was $31.2 million against $32.9 million last year. Net income was $18.1 million or $0.42 per basic and diluted share for the quarter ended June 30, 2014, compared with $20.1 million or $0.47 per basic and diluted share in 2013. EBITDA was $53.1 million against $53.8 million last year. Maintenance capital expenditures for the second quarter 2014 totaled $15.3 million compared with $3.5 million in 2013. For the six months ended June 30, 2014, Matson reported net income of $21.5 million, or $0.50 per basic and diluted share compared with $29.2 million or $0.68 per basic and diluted share in 2013. Consolidated revenue was $828.9 million, compared with $811.3 million in 2013. Operating income was $45.6 million against $55.2 million last year. Income before income taxes was $37.0 million against $47.9 million last year. Net debt was $156.2 million. EBITDA was $80.4 million against $89.8 million last year. The company spent $37.2 million on maintenance CapEx. As the company looks to the balance of 2014, it expects overall results to exceed the results achieved in the second half of 2013. In the second half 2014, the company expects ocean transportation operating income to significantly increase from the level achieved in the second half of 2013, which was $51.4 million (exclusive of a $9.95 million litigation charge). In Logistics, in the second half of 2014, the company expects operating income to be near or slightly higher than comparable 2013 levels of $3.6 million, and therefore expects operating income to modestly exceed the full year 2013 level of $6.0 million. The company expects continuing improvement in volume growth, expense control and warehouse operations. For the full year 2014, ocean transportation operating income is expected to be near or slightly above the level achieved in 2013, which was $104.3 million (exclusive of the $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 effective tax rate to be approximately 40%. The company expects maintenance capital expenditures for 2014 to be approximately $40.0 million.

Matson, Inc. to Report Q2, 2014 Results on Jul 31, 2014

Matson, Inc. announced that they will report Q2, 2014 results at 9:00 PM, GMT Standard Time on Jul 31, 2014

Matson, Inc., Q2 2014 Earnings Call, Jul 31, 2014

Matson, Inc., Q2 2014 Earnings Call, Jul 31, 2014

 

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Industry Analysis

MATX

Industry Average

Valuation MATX Industry Range
Price/Earnings 25.1x
Price/Sales 0.7x
Price/Book 3.4x
Price/Cash Flow 25.0x
TEV/Sales 0.3x
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