Matson (MATX) Q1 2026

Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025

Earnings

Matson delivered a stronger-than-expected bottom line in Q1 2026, with diluted EPS of $1.85 beating the $1.61 consensus estimate by 15.14%, even as revenue of $757.80 million came in 2.54% below expectations and declined 3.1% year over year. The prim… Read more Matson delivered a stronger-than-expected bottom line in Q1 2026, with diluted EPS of $1.85 beating the $1.61 consensus estimate by 15.14%, even as revenue of $757.80 million came in 2.54% below expectations and declined 3.1% year over year. The primary drag on results was the Ocean Transportation segment, where a 9.5% drop in China service container volume, tied to a more traditional Lunar New Year freight cycle, weighed on operating income, which fell 25.8% to $54.60 million. Net income declined 21.7% to $56.60 million, while consolidated operating income slipped 25.2% to $61.40 million versus the year-ago period. Despite the softness, management raised its full-year 2026 outlook, now expecting consolidated operating income to modestly exceed the $499.80 million achieved in 2025, with Q2 2026 operating income anticipated to run roughly $20.00 million above the prior year's $113.00 million, though a near-term headwind from lagging fuel cost recovery is expected to weigh on Q2 before largely reversing in Q3. Several insiders sold shares in the days following the report, adding a note of caution to an otherwise upbeat guidance narrative.