美森轮船 2026年季度报告

☒QUARTERLY REPORT PURSUANT TO SECTION13 OR 15(d)OF THESECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March31, 2026OR ☐TRANSITION REPORT PURSUANT TO SECTION13 OR 15(d)OF THESECURITIES EXCHANGE ACT OF 1934 For the transition period fromto Commission file number 001-34187 Matson,Inc.(Exact name of registrant as specified in its charter) (808) 848-1211(Registrant’s telephone number, including area code) Not Applicable(Former name, former address, and former fiscal year, if changed since last report) Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d)of theSecurities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant wasrequired to file such reports), and (2)has been subject to such filing requirements for the past 90 days. Yes⌧No◻ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to besubmitted pursuant to Rule405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for suchshorter period that the registrant was required to submit such files). Yes⌧No◻ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, asmaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “acceleratedfiler,” “smaller reporting company,” and “emerging growth company” in Rule12b-2 of the Exchange Act. Accelerated filer☐Smaller reporting company☐Emerging growth company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transitionperiod for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of theExchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the Exchange Act). Yes☐No☒ Number of shares of common stock outstanding as of March31, 2026: 30,263,281 MATSON, INC. AND SUBSIDIARIES TABLE OF CONTENTS Page1Item1.112345Item2.17Item3.24Item4.2424Item1.24Item1A.25Item2.25Item3.25Item4.25Item5.25Item6.2627Part I—FINANCIAL INFORMATIONFinancial Statements (Unaudited)Condensed Consolidated Statements of Income and Comprehensive IncomeCondensed Consolidated Balance SheetsCondensed Consolidated Statements of Cash FlowsCondensed Consolidated Statements of Shareholders’ EquityNotes to the Condensed Consolidated Financial StatementsManagement’s Discussion and Analysis of Financial Condition and Results ofOperationsQuantitative and Qualitative Disclosures about Market RiskControls and ProceduresPart II—OTHER INFORMATIONLegal ProceedingsRisk FactorsUnregistered Sales of Equity Securities and Use of ProceedsDefaults Upon Senior SecuritiesMine Safety DisclosuresOther InformationExhibitsSignatures PARTI. FINANCIAL INFORMATION ITEM 1. FINANCIAL STATEMENTS MATSON,INC. AND SUBSIDIARIESCondensed Consolidated Statements of Income and Comprehensive Income(Unaudited) MATSON,INC. AND SUBSIDIARIESCondensed Consolidated Balance Sheets(Unaudited) MATSON,INC. AND SUBSIDIARIESCondensed Consolidated Statements of Cash Flows(Unaudited) MATSON,INC. AND SUBSIDIARIESCondensed Consolidated Statements of Shareholders’ Equity(Unaudited) MATSON, INC. AND SUBSIDIARIESNOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(Unaudited) 1.DESCRIPTION OF THE BUSINESS Matson, Inc., a holding company incorporated in the State of Hawaii, and its subsidiaries (“Matson” or the“Company”), is a leading provider of ocean transportation and logistics services. The Company consistsof two segments, Ocean Transportation and Logistics. Ocean Transportation:Matson’s Ocean Transportation business is conducted through Matson NavigationCompany,Inc. (“MatNav”), a wholly-owned subsidiary of Matson,Inc. Founded in 1882, MatNavprovides a vital lifeline of ocean freight transportation services to the domestic non-contiguous economiesof Hawaii, Alaska and Guam, and to other island economies in Micronesia. MatNav also operatespremium, expedited services from China to Long Beach, California, which includes cargo from other Asiaorigins, provides services to Okinawa, Japan and various islands in the South Pacific, and operates aninternational export service from Alaska to Asia. In addition, subsidiaries of MatNav provide stevedoring,refrigerated cargo services, inland transportation and other terminal services for MatNav in Hawaii andAlaska. Matson has a 35 percent ownership interest in SSA Terminals, LLC (“SSAT”), a joint venture betweenMatson Ventures,Inc., a wholly-owned subsidiary of MatNav, and SSA Ventures,Inc., a subsidiary ofCarrix,Inc. SSAT currently provides terminal and stevedoring services to various carriers at seventerminal facilities on the U.S. West Coast, including three facilities dedicated for MatNav’s use. Matsonrecords