Matson Results Presentation Deck
3
Preliminary Fourth Quarter 2023 Results
• Matson's Ocean Transportation and Logistics business segments performed
well in 4Q23, capping off a solid year for both business segments
• Ocean Transportation:
- Our China service experienced solid freight demand with higher YoY
volume but lower YoY freight rates, which when combined with higher
operating costs across all tradelanes resulted in a YoY decline in operating
income
- Lower YoY volumes in Hawaii and Alaska and higher YoY volume in Guam
• Logistics:
- Lower YoY operating income primarily due to a lower contribution from
transportation brokerage
●
In 4Q23:
- Repurchased ~0.5 million shares for a total cost of $47.9 million
Expect to provide 2024 annual financial outlook with the release of 4Q23
earnings in February
Preliminary Fourth Quarter 2023 Earnings Supplement
Matson.View entire presentation