Matson, Inc. Business Profile and Market Position

Matson, Inc. is a leading logistics company in the Pacific, with a rich history dating back to 1882. The company's roots in the region have allowed it to establish a strong network of services.

Matson, Inc. operates a fleet of vessels that provide cargo shipping and logistics services to Hawaii, Guam, and other Pacific islands. The company's vessels transport a wide range of goods, including food, fuel, and other essential commodities.

Matson, Inc. is a publicly traded company listed on the New York Stock Exchange (NYSE). This listing has provided the company with access to capital markets and has helped to attract investors.

Matson, Inc. has a significant market presence in the Pacific region, with a strong reputation for reliability and efficiency.

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Matson Inc is a provider of ocean transportation and logistics services. It offers a range of services, including ocean freight transportation, intermodal rail, highway brokerage, warehousing, and supply chain management.

The company serves a diverse range of customers, including those in the retail, automotive, and government sectors. Matson provides essential shipping and logistics solutions to these customers.

Matson's operations span across the US West Coast, Hawaii, Alaska, Guam, China, Japan, and various islands in the South Pacific. It collaborates with partners like SSA Terminals, LLC for terminal and stevedoring services.

The company is headquartered in Honolulu, Hawaii, the US.

Matson, Inc. has a strong financial foundation, with annual revenues of $2.6 billion in 2020.

The company's revenue growth can be attributed to its diverse operations, including ocean cargo services, logistics, and terminal operations.

Matson's net income for 2020 was $64 million, a significant increase from $44 million in 2019.

This growth is a testament to the company's ability to adapt and thrive in a competitive market.

Matson's recent growth has been exceptional, with a 68% gain to the company's bottom line last year. This strong growth is a welcome change from the company's three-year earnings per share (EPS) decline of 33%.

The company's EPS is expected to slump by 16% in the coming year, which is a significant drop compared to the 14% growth expected in the rest of the market. This weak outlook is weighing down the shares, making it difficult to maintain current prices.

The company's P/E ratio is low, and it's only comfortable when the company's growth is on track to lag the market. However, with shrinking earnings, it's unlikely to lead to a stable P/E over the longer term.

Matson, Inc. declared a second quarter dividend of $0.34 per share. This is a significant move by the company to return value to its shareholders.

The dividend is payable on July 1st to shareholders of record as of June 15th. This indicates that investors who own Matson stock as of the record date will be eligible to receive the dividend.

The company's Board of Directors authorized the dividend, showing their commitment to rewarding shareholders for their investment.

Matson, Inc. has made significant strides in its IT infrastructure in recent years. The company has been actively investing in its technology, with a notable example being the construction of three new 3,600 TEU Aloha Class containerships in 2022.

These new vessels are designed to improve efficiency and reduce environmental impact. They will be used for the company's Hawaii and China-Long Beach Express services.

The company has also been expanding its services, with the launch of a new flat-deck container barge in April 2022. This barge is designed to increase cargo capacity and reduce transportation costs.

Here are some key IT-related events in Matson, Inc.'s history:

In 2024, the company started building the first of three new Aloha Class containerships for its Hawaii and China-Long Beach Express services in September.

The construction of these new ships is a significant development for the company, allowing it to expand its services and meet growing demand.

In 2022, the company's subsidiary Matson Navigation Company, Inc. signed a contract with Philly Shipyard Inc. to build three new 3,600 TEU Aloha Class containerships in November.

This agreement marked a major milestone for the company, as it would enable it to increase its cargo capacity and efficiency.

Here are the key events in the company's history:

In April 2022, the company launched a new flat-deck container barge, marking an important innovation in its services.

As companies navigate the complex world of IT services contracts, it's essential to understand the different types of contracts available. IT outsourcing, business process outsourcing, systems integration, and consulting are just a few examples of the many options.

Matson Inc, for instance, has publicly disclosed IT services contracts that can provide valuable insights for competitive bidding. These contracts offer a wealth of information for companies looking to improve their own IT services.

IT services contracts can be a game-changer for businesses, allowing them to access specialized expertise and cutting-edge technology. By leveraging these contracts, companies can stay ahead of the curve and drive innovation.

The publicly disclosed IT services contracts for Matson Inc include IT outsourcing, which can help companies streamline their operations and reduce costs.

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