Matson Inc (N:MATX)
Business Focus: Marine Freight & Logistics
| Sector: Industrials | Industry: Marine Freight & Logistics |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 1411 Sand Island Pkwy HONOLULU HI 96819 |
| Tel: | 1-510-6284234 |
| Website: | https://www.matson.com |
| IR: | See website |
| Key People | ||
| Matthew J. Cox Chairman of the Board, Chief Executive Officer | Richard S. Kinney Senior Vice President | Joel M. Wine Executive Vice President, Chief Financial Officer |
| Peter T. Heilmann Executive Vice President, Chief Administrative Officer, General Counsel | John P. Lauer Executive Vice President, Chief Commercial Officer | Rusty K. Rolfe Executive Vice President |
| Vicente Salas Angoco Senior Vice President | Grace M. Cerocke Senior Vice President | Qiang Gao Senior Vice President | Leonard P. Isotoff Senior Vice President |
| Business Overview |
| Matson, Inc. is a holding company that provides ocean transportation and logistics services. The Company's segments include Ocean Transportation and Logistics. The Ocean Transportation business is conducted through Matson Navigation Company, Inc. (MatNav), which provides ocean freight transportation services to the domestic non-contiguous economies of Hawaii, Alaska and Guam, and to other island economies in Micronesia. MatNav also operates premium, expedited services from China to Long Beach, California, provides services to Okinawa, Japan and various islands in the South Pacific, and operates an international export service from Dutch Harbor, Alaska to Asia. The logistics business is conducted through Matson Logistics, Inc. (Matson Logistics), a wholly owned subsidiary of MatNav. Matson Logistics provides a variety of logistics services to its customers, such as transportation brokerage services, freight forwarding services, and others. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Matson Inc revenues decreased 29% to $3.09B. Net income decreased 72% to $297.1M. Revenues reflect Ocean Transportation segment decrease of 30% to $2.48B, Logistics Services segment decrease of 23% to $617.6M. Net income also reflects Ocean Transportation segment income decrease of 77% to $294.8M, Logistics Services segment income decrease of 34% to $48M. |
| Employees: | 4,315 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $4,028M as of Dec 31, 2023 |
| Annual revenue (TTM): | $3,095M as of Dec 31, 2023 |
| EBITDA (TTM): | $485.00M as of Dec 31, 2023 |
| Net annual income (TTM): | $297.10M as of Dec 31, 2023 |
| Free cash flow (TTM): | $217.10M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $295.00M as of Dec 31, 2023 |
| Shares outstanding: | 34,495,712 as of Feb 16, 2024 |
| Index Membership: | Dow Transportation, S&P 600 Small Cap |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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