Matson(NYSE) MATX

Matson moves goods across the ocean to Hawaii and Alaska. It also helps companies manage shipping and storage in North America. These services connect remote economies with essential food and building supplies.

Shipping by Sea and Land

• Ocean Transportation: Shipping services for Hawaii, Alaska, Guam, and China; accounts for 80% of revenue.
• Logistics: Multimodal brokerage, warehousing, and supply chain management; makes up 20% of revenue.
• Expedited China Service: Premium fast-freight shipping from China to Long Beach and other Asian ports.
• Terminal Services: Container stevedoring and equipment maintenance through a 35% interest in SSA Terminals.

Modernizing the Fleet

• Funded milestone payments for three new Aloha Class vessels with deliveries starting in early 2027.
• Added a northbound sailing and an extra sailing to the Alaska service during early 2026.
• Operated seven West Coast terminal facilities through the SSA Terminals joint venture.
• Increased the share repurchase program by 3 million shares in April 2026.

Serving Islands and Mainland Ports

Matson operates a specialized shipping network that serves non-contiguous U.S. markets and premium trans-Pacific routes. The company integrates its vessel operations with a North American logistics network to provide door-to-door freight solutions.

Revenue and Cash Flow Results

• Operating revenue was $757.8 million in Q1 2026, down 3.1% from Q1 2025.
• Net income hit $56.6 million in Q1 2026, down 21.7% year-over-year.
• Free cash flow reached $45.6 million in Q1 2026, up from a loss in Q1 2025 (improved).
• Total debt decreased to $351.1 million by March 31, 2026, down from $361.2 million at the end of 2025.

Bottom Line

Matson has transitioned from a historic regional carrier into a diversified transportation and logistics provider. Its ongoing fleet modernization and expansion into expedited international routes define its current operational focus.