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MarketScreener Homepage  >  Equities  >  Nyse  >  Matson, Inc.    MATX

MATSON, INC.

(MATX)
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Matson : Summary ToggleMatson Pledges $125,000 in Support to Saipan Relief Efforts

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10/26/2018 | 07:02pm EDT

HONOLULU (October 26, 2018) - Matson announced today that it has pledged $125,000 in in-kind and cash support to help with emergency relief efforts in Saipan and Tinian as a result of Super Typhoon Yutu.

'Our hearts are with the residents of Saipan and Tinian as they begin to rebuild after the devastation caused by Super Typhoon Yutu,' said Matt Cox, Chairman and CEO of Matson. 'We are committed to helping with recovery efforts in the way we know best -- by getting much needed supplies, equipment and donations to Saipan as quickly and efficiently as possible.'

Matson operates a weekly service to Saipan. Its vessel Mana departed Guam on Friday, October 26 with scheduled cargo and containers filled with bottled water and ice donated by Matson and equipment from the Federal Emergency Management Agency. The vessel arrived on Saturday and is awaiting clearance to dock as soon as the Saipan Port is cleared to open.

Matson has sent additional containers of bottled water and ice from Hawaii, which will arrive in Guam on Tuesday, November 6, for transport to Saipan with arrival on Thursday, November 8.

Cox added, 'Matson has deep connections to the people of Saipan and Tinian, and we are committed to helping these communities recover.'

Matson is working with community organizations in Guam, CNMI, Hawaii and the U.S. West Coast that are collecting donations for Yutu relief efforts in Saipan and Tinian, including Ayuda Foundation and Rotary Clubs in Guam, to transport donations from Guam to Saipan in the coming weeks.

In addition, Matson has started an employee donation drive that will match donations from Matson employees with equal contributions to American Red Cross of Northern Mariana Islands. The program started October 25 and will continue through November 15, 2018.

For detailed service schedules and other information, please visit Matson.com.

About Matson

Founded in 1882, Matson is a leading provider of ocean transportation and logistics services. Matson provides a vital lifeline to the domestic non-contiguous economies of Hawaii, Alaska, and Guam, and to other island economies in Micronesia. Matson also operates a premium, expedited service from China to Southern California and provides services to Okinawa, Japan and various islands in the South Pacific. The Company's fleet of owned and chartered vessels includes containerships, combination container and roll-on/roll-off ships and custom-designed barges. Matson Logistics, established in 1987, extends the geographic reach of Matson's transportation network throughout the continental U.S. Its integrated, asset-light logistics services include rail intermodal, highway brokerage, warehousing, freight consolidation, Asia supply chain services, and forwarding to Alaska. Additional information about the Company is available at www.matson.com.

Contact:

Keoni Wagner
Matson
510-628-4534
kwagner@matson.com

Disclaimer

Matson Inc. published this content on 26 October 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 26 October 2018 23:01:06 UTC


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Financials (USD)
Sales 2020 2 290 M - -
Net income 2020 139 M - -
Net Debt 2020 - - -
P/E ratio 2020 16,2x
Yield 2020 1,73%
Capitalization 2 238 M 2 238 M -
Capi. / Sales 2020 0,98x
Capi. / Sales 2021 0,94x
Nbr of Employees 1 988
Free-Float 98,3%
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Mean consensus BUY
Number of Analysts 2
Average target price 59,00 $
Last Close Price 51,95 $
Spread / Highest target 15,5%
Spread / Average Target 13,6%
Spread / Lowest Target 11,6%
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Managers
NameTitle
Matthew J. Cox Chairman & Chief Executive Officer
Ronald J. Forest President
Joel M. Wine Chief Financial Officer & Senior Vice President
Thomas B. Fargo Independent Director
Constance H. Lau Independent Director