Matson Q1 revenue falls on soft container demand

Matson

04/05/2026 21:23

Overview

U.S. Pacific carrier's Q1 2026 revenue fell yr/yr, driven by lower China service volume

Q1 2026 net income and EPS declined compared to prior year

Company repurchased 0.4 mln shares and expanded buyback program

Outlook

Matson expects Q2 consolidated operating income about $20 mln higher than Q2 2025's $113 mln

Company expects full-year 2026 consolidated operating income to modestly exceed 2025 levels

Matson expects Q2 negative impact from lag in recovery of fuel costs due to Iran conflict

Result Drivers

CHINA SERVICE VOLUME - Lower container volume in China service, mainly due to softer demand and a more traditional Lunar New Year freight cycle, weighed on Ocean Transportation revenue and operating income

DOMESTIC TRADELANES - Hawaii and Alaska container volumes declined due to lower general demand, contributing to weaker segment results

LOGISTICS SEGMENT - Lower operating income in Logistics was primarily due to a reduced contribution from supply chain management

Company press release: ID:nPn7BRVjsa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Miss
$757.80 mln
$776.80 mln (2 Analysts)
Q1 EPS
$1.85
Q1 Net Income
$56.60 mln


Analyst Coverage

The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the marine freight & logistics peer group is "buy."

Wall Street's median 12-month price target for Matson Inc is $213.00, about 22.7% above its May 1 closing price of $173.55

The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 13 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)