MATX Q2 2023 Earnings — Matson, Inc. Revenue & Financial Results | Market Cap Arena

MATXMatson, Inc.

$5B

Q2 2023 Earnings

Industrials Marine Shipping

Income Statement

Revenue

$773M-38.7% YoY

Gross Profit

$169M21.8% margin

Operating Income

$98M12.7% margin

Net Income

$81M10.4% margin

EPS (Diluted)

$2.26

QoQ Revenue Growth

+9.7%

Cash Flow

Operating Cash Flow

$150M

Free Cash Flow

$59M

Stock-Based Comp.

$5M

Balance Sheet

Total Assets

$4.2B

Total Liabilities

$1.9B

Stockholders' Equity

$2.3B

Cash & Equivalents

$126M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$773M	$1.3B	-38.7%
Gross Profit	$169M	$533M	-68.3%
Operating Income	$98M	$468M	-79.1%
Net Income	$81M	$381M	-78.8%

Revenue Segments

Ocean. Transportation.

$617M98%

Logistics.

$10M2%