Matson Results Presentation Deck
3
Preliminary Third Quarter 2023 Results
• Matson's Ocean Transportation and Logistics business segments continued
to perform well despite a challenging business environment and relatively
difficult economic conditions impacting the U.S. consumer
• Ocean Transportation:
- Our China service experienced solid freight demand despite the muted peak
season in the Transpacific tradelane but generated lower YoY volume and freight
rates, which were the primary contributors to the YoY decline in our consolidated
operating income
- Lower YoY volumes in Hawaii, Alaska and Guam compared to year ago period
• Logistics:
- Lower YoY operating income primarily due to a lower contribution from
transportation brokerage
• In 3Q23:
- Repurchased ~0.3 million shares for a total cost of $25.8 million
Preliminary Third Quarter 2023 Earnings Supplement
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