Matson (MATX) Prelim. Q1 EPS Tops Consensus
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MATSON ANNOUNCES PRELIMINARY 1Q23 RESULTS, PROVIDES BUSINESS UPDATE AND ANNOUNCES 1Q23 EARNINGS CALL DATE
April 19, 2023 4:45 PM UTCExpects 1Q23 operating income for Ocean Transportation to be $23.0 to $28.0 millionExpects 1Q23 operating income for Logistics to be $10.0 to $11.0 millionExpects 1Q23 net income and diluted EPS to be $29.3 to $33.8 million and $0.81 to $0.93, respectivelyYear-over-year decrease in consolidated operating income driven primarily by lower contribution from China serviceRepurchased approximately 0.7 million shares in 1Q23Announces first quarter earnings call date on May 4, 2023
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