{"id":819597,"date":"2025-02-27T16:38:50","date_gmt":"2025-02-27T21:38:50","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/matson-announces-addition-of-3-million-shares-to-existing-share-repurchase-program-2\/"},"modified":"2025-02-27T16:38:50","modified_gmt":"2025-02-27T21:38:50","slug":"matson-announces-addition-of-3-million-shares-to-existing-share-repurchase-program-2","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/matson-announces-addition-of-3-million-shares-to-existing-share-repurchase-program-2\/","title":{"rendered":"MATSON ANNOUNCES ADDITION OF 3 MILLION SHARES TO EXISTING SHARE REPURCHASE PROGRAM"},"content":{"rendered":"
\n

PR Newswire<\/p>\n<\/p><\/div>\n

\n

\n
\n HONOLULU<\/span>
\n <\/span>, Feb. 27, 2025<\/span><\/span> \/PRNewswire\/ — The Board of Directors of Matson, Inc. (NYSE: MATX), a leading U.S. carrier in the Pacific, approved adding three million shares to the existing twelve million share repurchase program and extending the program to December 31<\/span>, 2027.\u00a0 As of February 26, 2025<\/span>, the existing share repurchase program had 0.5 million shares remaining.\u00a0<\/p>\n

\n

\n
\n \"Matson
\n <\/a>\n <\/p>\n<\/p><\/div>\n

“We are pleased to announce an additional three million shares to our existing share repurchase program,” said Matt Cox<\/span>, Matson’s Chairman and Chief Executive Officer.\u00a0 “Since we commenced our share repurchase program in August 2021<\/span>, we have repurchased 11.5 million shares for approximately $1.0 billion<\/span>.\u00a0 Going forward, we will continue to be both disciplined and opportunistic in our capital allocation, and we remain committed to returning excess cash to shareholders to create additional shareholder value over the long-term.”\u00a0<\/p>\n

Shares will be repurchased in the open market from time to time at the Company’s discretion, based on ongoing assessments of the capital needs of the business, the market price of its common shares and general market conditions.\u00a0 The Company may enter into Rule 10b5-1 plans to facilitate purchases under the program.\u00a0 The repurchase program may be suspended or discontinued at any time.<\/p>\n

\n About the Company<\/b>\n <\/p>\n

Founded in 1882, Matson (NYSE: MATX) is a leading provider of ocean transportation and logistics services.\u00a0 Matson provides a vital lifeline of ocean freight transportation services to the domestic non-contiguous economies of Hawaii<\/span>, Alaska<\/span>, and Guam<\/span>, and to other island economies in Micronesia.\u00a0 Matson also operates premium, expedited services from China<\/span> to Long Beach, California<\/span>, provides service to Okinawa, Japan<\/span> and various islands in the South Pacific, and operates an international export service from ports in Alaska<\/span> to Asia.\u00a0 The Company’s fleet of owned and chartered vessels includes containerships, combination container and roll-on\/roll-off ships and custom-designed barges.\u00a0 Matson Logistics, established in 1987, extends the geographic reach of Matson’s transportation network throughout North America<\/span> and Asia.\u00a0 Its integrated, asset-light logistics services include rail intermodal, highway brokerage, warehousing, freight consolidation, supply chain management, and freight forwarding to Alaska.\u00a0 Additional information about the Company is available at www.matson.com<\/a>.<\/p>\n

\n Forward Looking Statements<\/b>\n <\/p>\n

Statements in this news release that are not historical facts are “forward-looking statements,” within the meaning of the Private Securities Litigation Reform Act of 1995, that involve a number of risks and uncertainties that could cause actual results to differ materially from those contemplated by the relevant forward-looking statement, including but not limited to, statements about capital allocation plans and the timing, manner and volume of repurchases of common shares pursuant to the repurchase program.\u00a0 These forward-looking statements are not guarantees of future performance.\u00a0 This release should be read in conjunction with our Annual Report on Form 10-K and our other filings with the SEC through the date of this release, which identify important factors that could affect the forward-looking statements in this release.\u00a0 We do not undertake any obligation to update our forward-looking statements.<\/p>\n

\n \"Cision\" View original content to download multimedia:https:\/\/www.prnewswire.com\/news-releases\/matson-announces-addition-of-3-million-shares-to-existing-share-repurchase-program-302387966.html<\/a><\/p>\n

SOURCE Matson, Inc.<\/p>\n<\/p><\/div>\n

\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

PR Newswire HONOLULU , Feb. 27, 2025 \/PRNewswire\/ — The Board of Directors of Matson, Inc. (NYSE: MATX), a leading U.S. carrier in the Pacific, approved adding three million shares to the existing twelve million share repurchase program and extending the program to December 31, 2027.\u00a0 As of February 26, 2025, the existing share repurchase program had 0.5 million shares remaining.\u00a0 “We are pleased to announce an additional three million shares to our existing share repurchase program,” said Matt Cox, Matson’s Chairman and Chief Executive Officer.\u00a0 “Since we commenced our share repurchase program in August 2021, we have repurchased 11.5 million shares for approximately $1.0 billion.\u00a0 Going forward, we will continue to be both disciplined and opportunistic in our capital … <\/p>\n

Continue reading “MATSON ANNOUNCES ADDITION OF 3 MILLION SHARES TO EXISTING SHARE REPURCHASE PROGRAM”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-819597","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nMATSON ANNOUNCES ADDITION OF 3 MILLION SHARES TO EXISTING SHARE REPURCHASE PROGRAM - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/matson-announces-addition-of-3-million-shares-to-existing-share-repurchase-program-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MATSON ANNOUNCES ADDITION OF 3 MILLION SHARES TO EXISTING SHARE REPURCHASE PROGRAM - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire HONOLULU , Feb. 27, 2025 \/PRNewswire\/ — The Board of Directors of Matson, Inc. (NYSE: MATX), a leading U.S. carrier in the Pacific, approved adding three million shares to the existing twelve million share repurchase program and extending the program to December 31, 2027.\u00a0 As of February 26, 2025, the existing share repurchase program had 0.5 million shares remaining.\u00a0 “We are pleased to announce an additional three million shares to our existing share repurchase program,” said Matt Cox, Matson’s Chairman and Chief Executive Officer.\u00a0 “Since we commenced our share repurchase program in August 2021, we have repurchased 11.5 million shares for approximately $1.0 billion.\u00a0 Going forward, we will continue to be both disciplined and opportunistic in our capital … Continue reading "MATSON ANNOUNCES ADDITION OF 3 MILLION SHARES TO EXISTING SHARE REPURCHASE PROGRAM"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/matson-announces-addition-of-3-million-shares-to-existing-share-repurchase-program-2\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2025-02-27T21:38:50+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mma.prnewswire.com\/media\/128194\/matson_logo.jpg\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/matson-announces-addition-of-3-million-shares-to-existing-share-repurchase-program-2\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/matson-announces-addition-of-3-million-shares-to-existing-share-repurchase-program-2\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"MATSON ANNOUNCES ADDITION OF 3 MILLION SHARES TO EXISTING SHARE REPURCHASE PROGRAM\",\"datePublished\":\"2025-02-27T21:38:50+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/matson-announces-addition-of-3-million-shares-to-existing-share-repurchase-program-2\\\/\"},\"wordCount\":507,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/matson-announces-addition-of-3-million-shares-to-existing-share-repurchase-program-2\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mma.prnewswire.com\\\/media\\\/128194\\\/matson_logo.jpg\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/matson-announces-addition-of-3-million-shares-to-existing-share-repurchase-program-2\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/matson-announces-addition-of-3-million-shares-to-existing-share-repurchase-program-2\\\/\",\"name\":\"MATSON ANNOUNCES ADDITION OF 3 MILLION SHARES TO EXISTING SHARE REPURCHASE PROGRAM - 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