Matson reports Q1 EPS $1.85, consensus $1.61

Reports Q1 revenue $757.8M, consensus $777.55M. Matt Cox, Matson’s (MATX) Chairman and Chief Executive Officer, commented, “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.”