Matson reports Q1 2026 financial results

Matson Inc. reported net income of $56.6 million, or $1.85 per diluted share, for the Q1 2026 ended March 31, 2026, compared with $72.3 million, or $2.18 per diluted share, in the same period of 2025.

Consolidated revenue for the quarter reached $757.8 million, against $782.0 million in the first quarter of the previous year. Consolidated operating income stood at $61.4 million, compared with $82.1 million in 1Q25, while EBITDA totalled $113.3 million versus $131.7 million a year earlier.

During the quarter, the company also repurchased approximately 0.4 million shares.

Matt Cox, Chairman and Chief Executive Officer of Matson Inc., said, “In the first quarter 2026, Ocean Transportation operating income exceeded our expectations primarily due to higher freight demand post-Lunar New Year in our China service. In our domestic tradelanes, we saw lower year-over-year volume in Hawaii and Alaska. In Logistics, operating income in the first quarter was lower year-over-year, primarily due to a lower contribution from supply chain management.”

He added, “To date, the Iran conflict has not impacted our operating performance or service levels; however, it has impacted fuel prices in all our markets. While we have effective mechanisms to recover the cost of fuel by the end of the year, for the second quarter we expect a negative impact from the lag in the recovery of fuel costs. On the demand side, the uptick in freight demand we saw in our China service post-Lunar New Year has continued to build in the second quarter as demand strengthens and volume returns to a more traditional seasonal pattern. We also expect this demand strength to continue through peak season.”

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