Matson announced preliminary second-quarter 2026 results, expecting consolidated operating income between $153.0 million and $160.0 million, with net income of $124.8 million to $130.3 million and diluted earnings per share of $4.12 to $4.30. The year-over-year increase in operating income was driven primarily by higher contribution from its China service, where container volume rose 15.2 percent on significantly higher demand and stronger freight rates. In domestic tradelanes, Hawaii volume fell 1.1 percent, Alaska volume decreased 2.3 percent, and Guam volume increased 4.4 percent. The company repurchased approximately 0.3 million shares for $67.8 million during the quarter and will hold its earnings call on August 3, 2026.
Matson IncHigher container volume and freight rates in China service drove operating income increase.