US EditionMATSON, INC. ANNOUNCES FIRST QUARTER 2025 RESULTS
- Matson, Inc. Announced that its net earnings reached $72.3 million, alongside consolidated operating income of $82.1 million, for the quarter ending March 31, 2025, according to its Honolulu-based release.
- The strong quarterly results followed higher Ocean Transportation revenue of $637.4 million driven primarily by China service and increased container volumes in Hawaii and Alaska.
- Guam container volume decreased 14.3 percent due to lower demand, while Logistics revenue modestly increased to $144.6 million despite a slight operating income decline.
- Chairman Matt Cox noted that various factors, including tariff policies, international trade dynamics, regulatory changes, the direction of the U.S. Economy, and geopolitical developments, are contributing to a high level of unpredictability at this time.
- Matson expects lower consolidated operating income for full year 2025 compared to 2024 due to uncertain global trade and economic conditions despite confidence in long-term prospects.
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Weatherford DemocratProtagonist Reports First Quarter 2025 Financial Results and Provides Corporate Update
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