Call Start: 16:30 January 1, 0000 5:08 PM ET Matson, Inc. (NYSE:MATX) Q1 2024 Earnings Conference Call April 30, 2024 16:30 ET Company Participants Justin Schoenberg – Director of Investor Relations Matt Cox - Chairman & Chief Executive Officer Joel Wine - Executive Vice President & Chief Financial Officer Conference Call Participants Jacob Lacks - Wolfe Research Ben Nolan - Stifel Operator Good day and thank you for standing by. Welcome to the Matson’s First Quarter 2024 Financial Results Conference Call. ...

Matson (MATX) came out with quarterly earnings of $1.04 per share, beating the Zacks Consensus Estimate of $0.99 per share. This compares to earnings of $0.94 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 5.05%. A quarter ago, it was expected that this ocean transportation and logistics services company would post earnings of $1.75 per share when it actually produced earnings of $1.78, delivering a surprise of 1.71%.Over the ...

Exhibit 99.1 Investor Relations inquiries: News Media inquiries: Justin Schoenberg Keoni Wagner Matson, Inc. Matson, Inc. 510.628.4234 510.628.4534 jschoenberg@matson.com kwagner@matson.com FOR IMMEDIATE RELEASE MATSON, INC. ANNOUNCES FIRST QUARTER 2024 RESULTS HONOLULU, Hawaii (April 30, 2024) – Matson, Inc. ("Matson" or the "Company") (NYSE: MATX), a leading U.S. carrier in the Pacific, today reported net income of $36.1 million, or $1.04 per diluted share, for the quarter ended March 31, 2024. Net income ...

HONOLULU, April 25, 2024 /PRNewswire/ -- The Board of Directors of Matson, Inc. (NYSE: MATX), a leading U.S. carrier in the Pacific, today declared a second quarter dividend of $0.32 per common share.  The dividend will be paid on June 6, 2024 to all shareholders of record as of the close of business on May 9, 2024.   About the CompanyFounded in 1882, Matson (NYSE: MATX) is a leading provider of ocean transportation and logistics services.  Matson provides a vital lifeline of ocean freight transportation se ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-34187 Matson, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of (I.R.S. Employer inc ...

Financial Data and Key Metrics Changes - The consolidated operating income for Q4 2023 decreased by $17.3 million year-over-year to $75.3 million, with lower contributions from Ocean Transportation and Logistics [89] - For the full year 2023, consolidated operating income decreased by $1.01 billion year-over-year to $342.8 million, primarily due to lower freight rates and volume in China [90] - The effective tax rate in Q4 was 26%, compared to 20.4% in the previous year [90] Business Line Data and Key Metrics Changes - Ocean Transportation operating income decreased in Q4 due to lower freight rates in China and higher operating costs, partially offset by higher volume in China and contributions from Alaska and Hawaii [5][90] - Logistics operating income for Q4 was $8.9 million, approximately $3.9 million lower than the previous year, primarily due to a lower contribution from transportation brokerage [88] - Container volume in Hawaii for Q4 declined by 1.9% year-over-year, while Alaska's container volume decreased by 0.6% year-over-year [9][11] Market Data and Key Metrics Changes - The Hawaii economy is expected to grow modestly in 2024, supported by low unemployment and easing inflation, despite challenges from tourism impacts due to the Maui wildfires [2] - In Alaska, the economy is projected to grow due to job growth and infrastructure investments, with expectations of increased energy-related exploration and production activity [4] Company Strategy and Development Direction - The company is focused on maintaining vessel schedule integrity and delivering high-quality service, viewing its investment-grade balance sheet as a competitive advantage for growth opportunities [25][15] - The company plans to continue returning capital to shareholders after funding maintenance capital expenditures and long-term investments, having repurchased 9.5 million shares since 2021 [26][91] - The company is exploring organic growth initiatives and potential acquisitions, particularly in logistics, while remaining cautious of elevated valuations in the market [64] Management's Comments on Operating Environment and Future Outlook - Management expects year-over-year growth in Ocean Transportation operating income for 2024, with trade dynamics expected to remain stable [22] - The first quarter of 2024 is anticipated to be weaker due to seasonal factors and lower volumes, particularly in the China business [23] - Management noted that while there are uncertainties in the market, they remain focused on operational reliability and customer service [25] Other Important Information - The cash balance in the capital construction fund at the end of 2023 was $599.4 million, with nearly two-thirds of the program funded by cash deposits [79] - The company expects to make milestone payments of $35.5 million in each of the second and fourth quarters of 2024 [79] Q&A Session Summary Question: What is driving the lower year-on-year operating income in ocean? - Management indicated that annual seasonality and lower volumes in the China business are the primary factors [32] Question: Is there a shift of West Coast imports back to the West Coast impacting profitability? - Management noted that while customers are evaluating routing options, they have not seen significant changes in customer moves or deployed capacity by international ocean carriers [35] Question: Are there opportunities emerging to add to the Alaska business? - Management confirmed that there are growth opportunities in the oil and gas segment and seafood exports, with expectations of benefiting from increased drilling and production activity [58]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-34187 Matson, Inc. (Exact name of registrant as specified in its charter) Securities registered pursuant to Section 1 ...

Matson, Inc. (NYSE:MATX) Q3 2023 Earnings Conference Call October 30, 2023 4:30 PM ET Company Participants Lee Fishman - VP Finance, Investor Relations Matt Cox - Chairman and Chief Executive Officer Joel Wine - Executive Vice President and Chief Financial Officer Conference Call Participants Jack Atkins - Stephens Inc. Jacob Lacks - Wolfe Research Ben Nolan - Stifel Operator Good day, and thank you for standing by. Welcome to the Matson's Third Quarter 2023 Financial Results Conference Call. At this time, ...

Table of Contents FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 For the quarterly period ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-34187 Matson, Inc. (Exact name of registrant as specified in its charter) Hawaii 99-0032630 96819 (Zip Code) (808) 848-121 ...

Matson, Inc. (NYSE:MATX) Q2 2023 Earnings Conference Call August 1, 2023 4:30 PM ET Company Participants Lee Fishman - Investor Relations Matt Cox - Chairman and Chief Executive Officer Joel Wine - Executive Vice President and Chief Financial Officer Conference Call Participants Ben Nolan - Stifel Jack Atkins - Stephens Inc. Jacob Lacks - Wolfe Research Operator Good day and thank you for standing by. Welcome to the Matson Conference Call. At this time, all participants are in a listen-only mode. After the ...