Matson, Inc. (MATX)

Matson announced its Third Quarter 2025 results on November 4, 2025, reporting an EPS of $4.24, Net Income of $134.7 million, and Consolidated Operating Income of $161.0 million, also announcing a quarterly dividend of $0.36 per share. Analyst ratings saw adjustments, including Wolfe Research upgrading Matson's shares to "outperform" with a $142.00 price objective on November 7, 2025. The company's stock price was $98.59 as of September 30, 2025, and closed at $132.00 on January 9, 2026. Operationally, Matson's China service experienced a 12.8% year-over-year decrease in container volume in Q3 2025, while Hawaii service container volume in Q3 2025 was up 0.3% year-over-year. In Q1 2025, Matson's net income more than doubled to $72.3 million, with consolidated revenue increasing to $782.0 million year-over-year.

The shipping industry, including Matson's operations, is seasonal, influenced by global trade patterns, weather, and consumer demand. The quiet season is from January to March, the produce season is from April to July, the peak season is from August to October, and the holiday season is from November to December. Matson's services to non-contiguous U.S. economies provide a stable demand base, but other services are susceptible to global shipping seasonality.

Matson, Inc. is a U.S.-owned and operated transportation services company based in Honolulu, Hawaii, established in 1882. It operates in two segments: Ocean Transportation and Logistics. The company specializes in container shipping, port and terminal operations, and the transport of commodities, offering premium, expedited services from China to Long Beach, California. Through Matson Logistics, it provides intermodal rail, highway brokerage, warehousing, supply chain management, freight forwarding, LTL transportation, customs brokerage, and container/chassis leasing.

Matson's operations are primarily in the Pacific region, providing shipping services to Hawaii, Alaska, Guam, Micronesia, the South Pacific, China, and Japan (Okinawa), including an international export service from Dutch Harbor, Alaska, to Asia. Matson Logistics extends the company's reach with services throughout North America and Asia. Key port locations include those on the U.S. West Coast (Oakland, Long Beach/Southern California, Tacoma, Los Angeles), Honolulu (Hawaii), Anchorage, Kodiak, and Dutch Harbor (Alaska), Guam, Okinawa (Japan), and various cities in China (Shanghai, Xiamen, Ningbo, Hong Kong).

Matson maintains a strong brand reputation as a leader in Pacific shipping, known for reliability, efficiency, on-time arrivals, and customer service. Its expedited China services are noted for speed and reliability. Forbes recognized Matson as #7 in America's Best-In-State Companies (2026) and #3 in America's Best Employers By State (2025). In April 2025, Matson intervened in a lawsuit challenging the constitutionality of the Jones Act to defend its legal protections and profits, which could potentially impact public perception.

Matson, Inc. is a publicly traded company on the New York Stock Exchange (NYSE: MATX). Institutional investors hold a significant majority of Matson's stock, ranging from approximately 75.3% to 87.56%, with major holders including State Street Corp. and Vanguard Fiduciary Trust Co. Individual ownership accounts for a smaller portion, estimated between 2.32% and 4.13%, with Matthew J. Cox, the Chairman and CEO, directly owning approximately 0.65% of the company's shares.