10-Q quarterly report · filed Nov 5, 2025

Matson, Inc. (MATX) Q3 2025 10-Q Quarterly Report

Short answer

Matson, Inc. (MATX) filed its Q3 2025 10-Q quarterly report on Nov 5, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $880M (down 8.5% year over year) with net income of $135M.

Q3 2025 key financials · XBRL

Revenue
$880M
−8.5% YoY · +6.0% QoQ
Net income
$135M
−32.3% YoY · +42.2% QoQ
Operating margin
18.3%
EPS (diluted)
$4.19
−27.8% YoY · +44.0% QoQ

Source: XBRL data from the Matson, Inc. (MATX) Q3 2025 10-Q on SEC EDGAR. USD.

Matson, Inc. Q3 2025 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • No profitability or margin percentages provided in this section
  • Shares repurchased 0.6 million in Q3 2025 for $66.4 million, up from 0.4 million shares/$48.1 million in Q3 2024
  • Future vessel construction milestone payments total estimated $1,006 million, with $325.9 million paid as of September 30, 2025
  • Management intends to fund vessel payments with CCF cash, cash equivalents, and investments; no updated guidance or headwinds mentioned

Risk Factors

  • New litigation risk related to Jones Act challenged in Feb 2025 lawsuit alleging constitutional violation, with potential impact if law repealed or amended
  • Updated macroeconomic risk including U.S.-China trade deal suspending port entry fees Nov 10, 2025, following reciprocal tariffs and fees that increased costs
  • Legal risk of losing U.S. citizenship status if over 25% non-U.S. ownership, risking disqualification from coastwise trade and vessel forfeiture
  • Operational risk from intensified competition as new entrants and charter vessels increase shipping capacity, pressuring volumes and rates
  • Market risk of demand decline tied to key U.S. regions’ economies (Hawaii, Alaska, Guam) affected by tourism, military spending, inflation, and currency fluctuations

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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