MATSON Reports Q2 FY2023 Earnings Results for Period Ending June 30 2023

August 27, 2023

🌥️Earnings Overview

Matson ($NYSE:MATX) Inc. announced its financial results for the second quarter of fiscal year 2023, ending on June 30th 2023, on August 1st 2023. Total revenue for the quarter was USD 773.4 million, a decrease of 38.7% compared to the same quarter the previous year. Net income was USD 80.8 million, a decline of 78.8% year over year.

Price History

MATSON released its earnings report for the second quarter of the fiscal year 2023, which ended on June 30th, 2023. On Tuesday, MATSON stock opened at $92.1 and closed at $94.0, representing a 0.5% increase from the previous closing price of 93.5. This is a positive sign that investors are optimistic about the future prospects of the company. This was driven by a strong performance in its main business segments, such as its shipping and logistics operations. The company also reported significant improvements in its balance sheet compared to the same period of last year.

The total assets of the company increased by 8%, while liabilities decreased by 4%. This indicates that MATSON is well-positioned to achieve sustained profitability in the future as it continues to grow and expand its operations. Overall, MATSON’s financial results for the second quarter of fiscal year 2023 were positive and show that the company is on track for continued success in the future. Live Quote…

About the Company

  • MATSON_Reports_Q2_FY2023_Earnings_Results_for_Period_Ending_June_30_2023″>Industry Classification
  • Key Executives
  • Ownership (Institutional/ Fund Holdings)
  • News Feed
  • Income Snapshot

    Below shows the total revenue, net income and net margin for Matson. MATSON_Reports_Q2_FY2023_Earnings_Results_for_Period_Ending_June_30_2023″>More…

    Total Revenues Net Income Net Margin
    3.39k 458.8 13.5%
  • Income Statement Reports (Yearly/ Quarterly/ LTM)
  • Income Supplement
  • Growth Performance
  • Cash Flow Snapshot

    Below shows the cash from operations, investing and financing for Matson. MATSON_Reports_Q2_FY2023_Earnings_Results_for_Period_Ending_June_30_2023″>More…

    Operations Investing Financing
    827.3 -852.1 -463.6
  • Cash Flow Statement (Yearly/ Quarterly/ LTM)
  • Cash Flow Supplement
  • Balance Sheet Snapshot

    Below shows the total assets, liabilities and book value per share for Matson. MATSON_Reports_Q2_FY2023_Earnings_Results_for_Period_Ending_June_30_2023″>More…

    Total Assets Total Liabilities Book Value Per Share
    4.22k 1.93k 64.89
  • Balance Sheet (Yearly/ Quarterly)
  • Balance Sheet Supplement
  • Key Ratios Snapshot

    Some of the financial key ratios for Matson are shown below. MATSON_Reports_Q2_FY2023_Earnings_Results_for_Period_Ending_June_30_2023″>More…

    3Y Rev Growth 3Y Operating Profit Growth Operating Margin
    16.4% 62.8% 17.6%
    FCF Margin ROE ROA
    16.4% 16.4% 8.8%
  • Income Statement Ratios
  • Balance Sheet Ratios
  • Cash Flow Ratios
  • Valuation Ratios
  • Other Ratios
  • Other Supplementary Items
  • Analysis

    GoodWhale has conducted an analysis of MATSON and our Star Chart indicates that it is classified as ‘rhino’, a type of company that has achieved moderate revenue or earnings growth. We believe that MATSON would be attractive to investors who are looking for a good dividend and growth potential with moderate assets and profitability. In terms of wellbeing, MATSON has a high score of 8/10 on the GoodWhale Health Score, indicating that it has solid cashflows and debt in place and is capable of riding out any crisis without the risk of bankruptcy. More…

  • Risk Rating Analysis
  • Star Chart Analysis
  • Valuation Analysis




  • Peers

    The company operates a fleet of vessels that provide transportation of cargo and passengers between the Hawaiian Islands, the West Coast of the United States, Guam, Saipan and other Pacific islands. Matson Inc also provides logistics services and container shipping services. The company’s competitors include Tan Cang Logistics And Stevedoring JSC, Chongqing Port Co Ltd, Begistics PCL.

    – Tan Cang Logistics And Stevedoring JSC ($HOSE:TCL)

    Chongqing Port Co Ltd is a leading Chinese port operator with a market cap of 4.56B as of 2022. The company operates a total of 10 ports along the Yangtze River in Chongqing municipality, southwestern China. Chongqing Port’s main business activities include port operation and management, container shipping, logistics, and related services. The company’s port facilities have a combined annual throughput capacity of over 100 million tons of cargo. In terms of container shipping, Chongqing Port is one of the largest port operators in China, with a total of 7 million TEUs of container handling capacity. The company’s logistics business provides integrated logistics solutions for its customers, including warehousing, transportation, and value-added services.

    – Chongqing Port Co Ltd ($SHSE:600279)

    Logistics company Begistics has a market cap of 1.56B as of 2022. The company has a return on equity of 2.08%. Begistics is a publicly traded company that provides logistics and transportation services. The company operates in the United States, Canada, Mexico, and Europe.

    Summary

    Matson, Inc. reported their second quarter FY2023 earnings results on August 1st 2023. Revenue decreased 38.7%, to USD 773.4 million, and net income decreased 78.8%, to USD 80.8 million year-over-year. This could be a potential buying opportunity for investors, as the decrease in earnings was much greater than the decrease in revenue. Analysts should look further into the breakdown of revenue and income to determine if any potential areas of growth exist.

    Additionally, investors should consider the impact of the ongoing pandemic on Matson’s potential to recover in the future.

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