Matson (NYSE:MATX) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$962.0m (up 16% from 3Q 2023).

• Net income: US$199.1m (up 66% from 3Q 2023).

• Profit margin: 21% (up from 14% in 3Q 2023). The increase in margin was driven by higher revenue.

• EPS: US$5.98 (up from US$3.42 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Matson EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 24%.

Looking ahead, revenue is forecast to decline by 1.5% p.a. on average during the next 3 years, while revenues in the Shipping industry in the US are expected to remain flat.

Performance of the American Shipping industry.

The company's shares are up 16% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Matson has 2 warning signs (and 1 which is concerning) we think you should know about.

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