Tue, May 6, 10:11 AM (7 days ago)
**Matson, Inc. (MATX) Q1 2025 Financial Summary** **Financial Health and Performance:** - **Revenue:** $782.0 million, up 8.3% YoY. - **Net Income:** $72.3 million, a 100.3% increase YoY. - **Earnings per Share (EPS):** Basic $2.20, Diluted $2.18, both up significantly YoY. - **Operating Income:** $82.1 million, a 122.5% increase YoY. - **Operating Margin:** 10.5%, up from 5.1% in Q1 2024. **Segment Performance:** - **Ocean Transportation:** Revenue $637.4 million, up 10.1% YoY. Operating income $73.6 million, a 166.7% increase YoY. - **Logistics:** Revenue $144.6 million, up 1.0% YoY. Operating income $8.5 million, down 8.6% YoY. **Cash Flow:** - **Operating Cash Flow:** $89.0 million, up $52.4 million YoY. - **Investing Cash Flow:** -$129.4 million, down $70.4 million YoY. - **Financing Cash Flow:** -$104.4 million, down $18.7 million YoY. **Liquidity and Capital Resources:** - **Cash and Cash Equivalents:** $122.0 million, down $144.8 million QoQ. - **Debt:** $390.8 million, down $10.1 million QoQ. - **Capital Expenditures:** $89.2 million, including $66.7 million for vessel construction. **Outlook and Trends:** - **Ocean Transportation:** Expects lower volume and rates due to tariffs and global trade uncertainties. - **Logistics:** Expects lower operating income due to challenging market conditions. - **Consolidated:** Expects lower operating income due to uncertain global trade and macroeconomic environment. **Uncertainties and Future Operations:** - **Tariffs and Global Trade:** Significant uncertainty regarding tariffs and global trade. - **Economic Conditions:** Uncertainty regarding the trajectory of the U.S. economy. - **Capital Expenditures:** Expects to make other capital expenditure payments of approximately $100 to $120 million and dry-docking payments of approximately $40 million for the full year 2025. **Risk Factors:** - **Jones Act:** Repeal, invalidation, or changes could adversely affect business. - **Economic Conditions:** Macroeconomic fluctuations, volatility, and geopolitical developments could impact operations. - **Competition:** New or increased competition could affect volumes and rates. - **Customer Relationships:** Loss of key customer relationships could adversely affect business. - **Fuel Prices:** Increases in fuel prices could adversely affect results of operations. - **Environmental Matters:** Risks related to environmental remediation and compliance with environmental laws and regulations.