Brief: Matson Announces Preliminary 2Q22 Results

Matson

19/07/2022 21:59

July 19 (Reuters) - Matson Inc  MATX.N :
    * MATSON ANNOUNCES PRELIMINARY 2Q22 RESULTS, PROVIDES
BUSINESS
UPDATE AND ANNOUNCES 2Q22 EARNINGS CALL DATE
    * SEES Q2 2022 EARNINGS PER SHARE $9.31 TO $9.42
    * EXPECTS 2Q22 OPERATING INCOME FOR OCEAN TRANSPORTATION TO
BE
$465.0 TO $470.0 MILLION
    * MATSON - EXPECTS 2Q22 NET INCOME AND DILUTED EPS TO BE
$373.3 TO
$377.9 MILLION AND $9.31 TO $9.42, RESPECTIVELY
    * MATSON - EXPECTS 2Q22 OPERATING INCOME FOR LOGISTICS TO BE
$22.5
TO $23.5 MILLION
    * FOR QUARTER, HAWAII CONTAINER VOLUME DECREASED 1.5%
    * FOR QUARTER, ALASKA VOLUME INCREASED 12.2%
    * FOR QUARTER, CHINA VOLUME WAS 11.7% HIGHER
    * IN RECENT WEEKS HAVE SEEN A GRADUAL DECLINE IN
TRANSPACIFIC
FREIGHT RATE ENVIRONMENT OFF HIGHS EXPERIENCED EARLIER THIS YEAR
    * MATSON - EXPECT ORDERLY MARKETPLACE FOR REMAINDER OF YEAR
WITH
VESSELS CONTINUING TO OPERATE AT OR NEAR CAPACITY
    * MATSON - CONTINUE TO EXPECT TO OPERATE CCX SERVICE THROUGH
AT
LEAST OCTOBER PEAK SEASON THIS YEAR

Source text for Eikon:  ID:nPn45R2vka 
Further company coverage:  MATX.N 

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