Matson announces $0.23 Q2 EPS, while income outlook looks brighter than 2014

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HONOLULU, Aug. 4, 2015

• Q2 15 net income of $9.9m and EPS of $0.23, negatively impacted by acquisition SG&A costs of $0.17 per share and Molasses Settlement costs of $0.16 per share
• Excluding these two items (non-GAAP):
  • Q2 15 EPS would have been $0.56, up 33.3% YOY
  • Q2 15 EBITDA would have been $82.8 million, up 41.5% YOY
  • Raising full-year 2015 operating income outlook to substantially exceed 2014