Matson Q3 revenue beats estimates on strong China service demand

Matson

04/11/2026 21:40

Overview
U.S. Pacific carrier's Q3 consolidated revenue rose yr/yr, beating analyst expectations
Q3 EPS increased to $6.96 from $4.24 a year earlier
Company attributes growth to strong China service demand and higher freight rates

Outlook
Matson expects Q4 operating income to be about 50% higher than Q4 2025
Company sees strong demand and elevated freight rates in China service continuing into early 2027
Matson expects full-year 2026 depreciation and amortization of about $205 mln

Result Drivers
CHINA SERVICE DEMAND - Co said strong demand and elevated freight rates in China service drove substantial yr/yr increase in Ocean Transportation operating income
ASIA PORT CONGESTION - Co said speed and reliability of China service differentiated it amid continued pressure on global shipping networks and congestion at key Asia ports
LOGISTICS BROKERAGE - Co said higher contributions from transportation brokerage and freight forwarding drove increase in Logistics operating income

Company press release: ID:nPn5Mrn1Wa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$1.11 bln
$1.07 bln (3 Analysts)
Q3 EPS
 
$6.96
 
Q3 Net Income
 
$209.40 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "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 $268.33, about 21.1% above its November 3 closing price of $221.57
The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 13 three months ago

Reuters Recommended Reads
Nov 4 - Navios Maritime Q3 revenue tops estimates on higher charter rates
Nov 4 - Denmark's Torm Q3 profit jumps on higher time charter equivalent rates
Nov 4 - Norway's Wallenius Wilhelmsen Q3 profit rises on Asia shipping demand

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(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.)