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"title": "Matson, Inc. (NYSE:MATX) Q1 2024 Earnings Call Transcript",
"description": "Matson, Inc. beats earnings expectations. Reported EPS is $1.04, expectations were $0.99. Matson, Inc.",
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"snippet": "Matson, Inc. (NYSE:MATX) Q1 2024 Earnings Call Transcript April 30, 2024\n\nMatson, Inc. beats earnings expectations. Reported EPS is $1.04, expectations were $0....",
"url": "https://www.insidermonkey.com/blog/matson-inc-nysematx-q1-2024-earnings-call-transcript-1295081/",
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"highlight": "<em>Matson</em>, <em>Inc</em>. (<em>NYSE:MATX</em>) Q1 2024 Earnings Call Transcript April 30, 2024\n\n<em>Matson</em>, <em>Inc</em>. beats earnings expectations. Reported EPS is $1.04, expectations were $0.99. <em>Matson</em>, <em>Inc</em>. isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here).\n\nOperator: Good day and thank you for standing by.",
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"highlight": "<em>Matson</em> is off to a solid start for the year with Ocean Transportation performing better than expected and Logistics meeting our expectations for the first quarter of 2024. In Ocean Transportation, operating income was roughly flat year-over-year reflecting an improvement over our outlook provided in late February.",
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"highlight": "Last on April 19, 2024, <em>Matson</em> received a federal tax refund related to the company’s 2021 federal tax return of $118.6 million, as well as $10.2 million in interest income earned on the tax refund. The tax refund was placed into cash and cash equivalents and is expected to be used for general corporate purposes.",
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"highlight": "<em>Matson</em> had a solid start to the year. We have a great balance sheet and are well funded on our Aloha Class legal [ph] program as Joel just described. We are positioned well in all of our markets to capitalize on opportunities as they arise. So far, 2024 is shaping up to be another good year for <em>Matson</em>.",
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"highlight": "Q&A Session\n\nFollow <em>Matson</em> <em>Inc</em>. (<em>NYSE:MATX</em>) Follow <em>Matson</em> <em>Inc</em>. (<em>NYSE:MATX</em>) or Subscribe with Google We may use your email to send marketing emails about our services. Click here to read our privacy policy.\n\nOperator: [Operator Instructions] Our first question comes from the line of Jacob Lacks with Wolfe Research.",
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"highlight": "There are a few countries like Vietnam or places in Southeast Asia that can look at if cargo was destined for the East Coast, but that’s been — I would say single percentage changes in routing; so it continues to be relatively small in terms of its impact on <em>Matson</em>.\n\nJacob Lacks: That’s helpful.",
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"highlight": "So I would say that, if you look at — let me start by talking about macro supply and demand factors that informed the TransPacific trade, and then I’ll talk about <em>Matson</em>, specifically. So if you look at volumes coming into the West Coast, we’re seeing improvement year-over-year, we’ve seen growth year-over-year in those volumes.",
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"highlight": "I think on the international ocean side, not specific to <em>Matson</em>, you’ve seen rates that are higher than the previous year. But if you pivot to <em>Matson</em> and look at some of the fundamentals that will drive our expedited market demand, we see the fundamentals continue to be very much in place. And what are those?",
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"title": "Earnings call: Matson reports Q1 2024 results, raises full-year outlook By Investing.com",
"description": "Earnings call: Matson reports Q1 2024 results, raises full-year outlook",
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"snippet": "Matson Corporation (NYSE: ) has announced its financial results for the first quarter of 2024, highlighting better-than-anticipated performance in its Ocean Tra...",
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"highlight": "<em>Matson</em> Corporation (NYSE: ) has announced its financial results for the first quarter of 2024, highlighting better-than-anticipated performance in its Ocean Transportation segment and meeting expectations in Logistics.",
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"highlight": "<em>Matson</em> has raised its full-year outlook, anticipating a modest increase in consolidated operating income compared to $342.8 million in 2023, driven by a stronger contribution from Ocean Transportation. The quarter also saw <em>Matson</em> repurchasing around 4.4 million shares for nearly $48.9 million.",
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"highlight": "<em>Matson</em> faces competition in China but remains focused on their service quality.\n\nLNG used as a bunker fuel is cleaner but slightly more expensive; costs expected to be recovered through fuel surcharges.\n\n<em>Matson</em> is committed to reducing climate emissions and continues to evaluate alternative fuels.",
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"highlight": "In conclusion, <em>Matson</em> Corporation has demonstrated resilience in its first quarter of 2024, with strategic share repurchases and a positive revision of its full-year outlook.",
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"highlight": "InvestingPro Insights\n\n<em>Matson</em> Corporation's (MATX) first quarter of 2024 results reflect a company that is not only weathering challenging market conditions but also demonstrating strategic financial management.",
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"highlight": "Furthermore, <em>Matson</em> has maintained a consistent dividend policy, raising its dividend for 10 consecutive years and maintaining dividend payments for an impressive 52 years.",
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"highlight": "For those interested in deeper analysis, there are an additional 11 InvestingPro Tips available for <em>Matson</em>, providing a comprehensive view of the company's financial health and performance metrics.",
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"highlight": "Full transcript - <em>Matson</em> (MATX) Q1 2024:\n\nOperator: Good day and thank you for standing by. Welcome to the Matson’s First Quarter 2024 Financial Results Conference Call. [Operator Instructions] Please be advised that today’s conference is being recorded.",
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"highlight": "<em>Matson</em> had a solid start to the year. We have a great balance sheet and are well funded on our Aloha Class legal [ph] program as Joel just described. We are positioned well in all of our markets to capitalize on opportunities as they arise. So far, 2024 is shaping up to be another good year for <em>Matson</em>.",
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"highlight": "I think on the international ocean side, not specific to <em>Matson</em>, you've seen rates that are higher than the previous year. But if you pivot to <em>Matson</em> and look at some of the fundamentals that will drive our expedited market demand, we see the fundamentals continue to be very much in place. And what are those?",
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"highlight": "Earnings call: <em>Matson</em> reports Q1 2024 results, raises full-year outlook By Investing.com",
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