Matson Announces Preliminary 1Q21 Results, Provides Business Update And Announces 1Q21 Earnings Call Date
-- Expects 1Q21 operating income for Ocean Transportation to be $110.0 to $115.0 million vs. $7.9 million in 1Q20
-- Expects 1Q21 operating income for Logistics to be approximately $6.0 million vs. $5.1 million in 1Q20
-- Expects 1Q21 net income and diluted EPS to be $80.0 to $85.0 million and $1.83 to $1.93, respectively
-- Year-over-year increase in consolidated operating income driven primarily by China service strength
-- Announces first quarter earnings call date on April 27, 2021
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HONOLULU, April 15, 2021 /PRNewswire/ -- Matson, Inc. (NYSE: MATX) today announces preliminary first quarter financial results, provides a business update and announces that its first quarter earnings call date will be held on April 27, 2021.