Matson Results Presentation Deck
Preliminary Second Quarter 2023 Results
• Matson's Ocean Transportation and Logistics business segments performed
well despite a challenging business environment and sluggish economic
growth
• Ocean Transportation:
- Our China service saw higher sequential quarterly freight demand but generated
lower year-over-year volume and freight rates, which were the primary.
contributors to the decline in our consolidated operating income
- Lower year-over-year volumes in Hawaii, Alaska and Guam compared to year ago
period
• Logistics:
- Lower YoY operating income primarily due to lower contributions from
transportation brokerage and supply chain management
• In 2Q23:
-
- Repurchased ~0.6 million shares for a total cost of $42.4 million
P
- Made a $50.0 million milestone payment from the CCF as part of the new vessel.
build program
3 Preliminary Second Quarter 2023 Earnings Supplement
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