Matson Results Presentation Deck
3
Preliminary First Quarter 2023 Results
Despite being down from the extraordinary pandemic driven demand level
over the last two years, Matson's Ocean Transportation and Logistics
business segments performed well in a challenging business environment
• Ocean Transportation:
- Our China service 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 supply
chain management and transportation brokerage
• In 1Q23:
- Repurchased ~0.7 million shares for a total cost of $41.8 million.
- Prepaid ~$26.4 million in outstanding principal on long-term debt
Preliminary First Quarter 2023 Earnings Supplement
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