Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


Last $41.66 USD
Change Today +0.12 / 0.29%
Volume 230.5K
As of 8:04 PM 03/27/15 All times are local (Market data is delayed by at least 15 minutes).

matson inc (MATX) Snapshot

Open
$41.54
Previous Close
$41.54
Day High
$41.87
Day Low
$41.06
52 Week High
03/24/15 - $42.55
52 Week Low
05/7/14 - $22.48
Market Cap
1.8B
Average Volume 10 Days
307.6K
EPS TTM
$1.63
Shares Outstanding
43.4M
EX-Date
02/10/15
P/E TM
25.6x
Dividend
$0.68
Dividend Yield
1.61%
Current Stock Chart for MATSON INC (MATX)

matson inc (MATX) Details

Matson, Inc., together with its subsidiaries, operates as an ocean freight carrier in the Pacific. It operates in two segments, Ocean Transportation and Logistics. The Ocean Transportation segment offers ocean transportation services to the island economies of Hawaii, Guam, and Micronesia, as well as operates an expedited service from China to Long Beach, California; and provides ocean services to various islands in the South Pacific, including New Zealand, Fiji, Samoa, American Samoa, Tonga, the Cook Islands, Australia, the Solomon Islands, and Nauru. It operates a fleet of 18 owned and 3 chartered vessels, including 11 containerships, 3 combination container/roll-on/roll-off ships, 1 roll-on/roll-off barge, and 3 container barges equipped with cranes. This segment also offers container stevedoring, container equipment maintenance, and other terminal services on the islands of Oahu, Hawaii, Maui, and Kauai. The Logistics segment provides multimodal transportation services, including domestic and international rail intermodal service; long-haul and regional highway brokerage, specialized hauling, flat-bed and project work, less-than-truckload, and expedited freight; and warehousing and distribution services. This segment also offers freight forwarding, consolidation, customs brokerage, purchase order management, and non-vessel operating common carrier services. The company was formerly known as Alexander & Baldwin Holdings, Inc. and changed its name to Matson, Inc. in June 2012. Matson, Inc. was founded in 1882 and is headquartered in Honolulu, Hawaii.

1,056 Employees
Last Reported Date: 02/27/15
Founded in 1882

matson inc (MATX) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $633.8K
Chief Financial Officer, Senior Vice Presiden...
Total Annual Compensation: $454.9K
Senior Vice President of Operations
Total Annual Compensation: $318.0K
Senior Vice President of Ocean Services
Total Annual Compensation: $304.7K
Senior Vice President of Pacific
Total Annual Compensation: $298.0K
Compensation as of Fiscal Year 2014.

matson inc (MATX) Key Developments

Matson, Inc. Reports Consolidated Unaudited Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Earnings Guidance for First Quarter and Full Year of 2015

Matson, Inc. reported consolidated unaudited earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported net income of $27.8 million or $0.63 per diluted share for the quarter ended December 31, 2014 compared with $7.3 million, or $0.17 per diluted share in 2013. The fourth quarter 2013 was negatively impacted by a litigation charge of $0.14 per share. Consolidated revenue for the fourth quarter 2014 was $443.5 million compared with $410.9 million reported for the fourth quarter 2013. EBITDA was $66.4 million during the fourth quarter 2014 compared to $35.3 million in 2013, an increase of $31.1 million. Operating income was $49.4 million compared with $17.9 million for the same period last year. Income before income taxes was $45.1 million compared with $14.4 million for the same period last year. For the full year, the company reported net income of $70.8 million, or $1.63 per diluted share compared with $53.7 million or $1.25 per diluted share in 2013. Full year 2013 results were negatively impacted by the litigation charge of $0.14 per share. Consolidated revenue for the full year 2014 was $1,714.2 million compared with $1,637.2 million in 2013. EBITDA was $209.0 million compared to $169.3 million in 2013, an increase of $39.7 million or 23.4%. Cash flow from operations for 2014 was $165.7 million compared to $195.7 million in 2013. Cash flow from operations in 2013 included positive cash flow from deferred income taxes of $57.5 million, which primarily resulted from the Company's CCF contributions. Capital expenditures for the year ended December 31, 2014 totaled $27.9 million, compared with $35.2 million in 2013, which included $8.4 million in progress payments towards the company's two vessels under construction. Operating income was $140.0 million compared with $100.3 million for the same period last year. Income before income taxes was $122.7 million compared with $85.9 million for the same period last year. Net debt was $52.7 million. The company generated $165.7 million of cash flow from operation, of which $27.9 million was used for capital expenditures, and the remainder of $137.8 million provided free cash flow per share of $3.18. For 2015, modest profit is expected along with incremental volume gains. For logistics, the company expects 2015 operating income to exceed the 2014 level, driven by continued volume growth, expense control and improvements in warehouse operations. Effective tax rate for the quarter also normalized at 38.4%, which is approximately where the company expects it to be on average. The company expects its 2015 effective tax rate to be approximately 38.5%. The company expects maintenance capital expenditures for 2015 to be approximately $40.0 million. For the first quarter of 2015, the company expects ocean transportation operating income to approach levels achieved in the fourth quarter 2014 due to higher freight rates in the China trade, the timing of fuel surcharge collections and modest volume growth in core trade lanes. This would be a substantial increase versus the $9.4 million level achieved in the first quarter of 2014.

Matson, Inc. to Report Q4, 2014 Results on Feb 24, 2015

Matson, Inc. announced that they will report Q4, 2014 results at 4:30 PM, US Eastern Standard Time on Feb 24, 2015

Matson, Inc., Q4 2014 Earnings Call, Feb 24, 2015

Matson, Inc., Q4 2014 Earnings Call, Feb 24, 2015

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
MATX:US $41.66 USD +0.12

MATX Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Horizon Lines Inc $0.65 USD +0.01
Seaspan Corp $18.10 USD -0.07
Ship Finance International Ltd $14.69 USD +0.01
Texas Pacific Land Trust $143.43 USD -2.00
St Joe Co/The $17.90 USD -0.18
View Industry Companies
 

Industry Analysis

MATX

Industry Average

Valuation MATX Industry Range
Price/Earnings 25.5x
Price/Sales 1.0x
Price/Book 4.9x
Price/Cash Flow 25.5x
TEV/Sales 0.7x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact MATSON INC, please visit www.matson.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.