Matson (MATX) Reports In-Line Q2 EPS
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Matson, Inc. Announces Second Quarter EPS Of $0.42; Affirms 2016 Outlook
August 2, 2016 4:01 PM EDTHONOLULU, Aug. 2, 2016 /PRNewswire/ -- Matson, Inc. ("Matson" or the "Company") (NYSE: MATX), a leading U.S. carrier in the Pacific, today reported net income of $18.0 million, or $0.42 per diluted share for the quarter ended June 30, 2016. Net income for the quarter ended June 30, 2015 was $9.9 million, or $0.23 per diluted share. The Company's second quarter 2015 results were negatively impacted by $13.5 million of additional selling, general and administrative expenses related to the Company's acquisition of Horizon Lines, Inc. (the "Horizon Acquisition") in excess of the Company's incremental run-rate target and by $11.4 million of... More
