MATSON TO PARTICIPATE AT STEPHENS 2026 ANNUAL INVESTMENT CONFERENCE

(NYSE:MATX) Matson, Inc. announced that Joel Wine, Executive Vice President and Chief Financial Officer, will present an overview of the Company and respond to questions at the Stephens 2026 Annual Investment Conference. The conference will be held on November 17, 2026 in Nashville, Tennessee. Matson will provide access to the presentation slides on its website on November 17, 2026. The slides will be available at www.matson.com under the Investors section. Matson is a provider of ocean transportation and logistics services. The company offers ocean freight transportation services to Hawaii, Alaska, and Guam, as well as other island economies in Micronesia. Matson operates premium, expedited services from China to Long Beach, California, including cargo from other Asia origins. The company provides services to Okinawa, Japan and various islands in the South Pacific. Matson operates an international export service from Alaska to Asia. The company's fleet includes containerships, combination container and roll-on/roll-off ships, and barges. Matson Logistics, established in 1987, extends the company's transportation network throughout North America and Asia. Matson Logistics provides integrated logistics services including rail intermodal, highway brokerage, warehousing, freight consolidation, supply chain management, and freight forwarding to Alaska.

MATSON, INC. ANNOUNCES THIRD QUARTER 2026 RESULTS AND RAISES FULL YEAR OUTLOOK

(NYSE: MATX) Matson, Inc. reported net income of $209.4 million, or $6.96 per diluted share, for the third quarter ended September 30, 2026, compared to $134.7 million, or $4.24 per diluted share, in the third quarter of 2025. Consolidated revenue for the third quarter 2026 was $1,113.5 million, up from $880.1 million in the prior year period. Consolidated operating income for the third quarter 2026 was $255.2 million, compared to $161.0 million in the third quarter 2025. EBITDA for the third quarter 2026 was $310.6 million, versus $212.3 million in the prior year period. The company repurchased approximately 0.3 million shares in the third quarter 2026. Ocean Transportation revenue for the third quarter 2026 was $891.3 million, up from $718.3 million in the third quarter 2025, with operating income of $239.1 million, compared to $147.4 million in the prior year period. Ocean Transportation operating income margin was 26.8% in the third quarter 2026, compared to 20.5% in the third quarter 2025. Container volume in the Hawaii service was 36,200 FEU, down 0.3% year-over-year; Alaska service was 22,000 FEU, down 4.8%; China service was 40,500 FEU, up 16.0%; Guam service was 4,800 FEU, up 4.3%; and Other containers were 4,300 FEU, down 6.5%. The SSAT terminal joint venture investment contributed $7.4 million in the third quarter 2026, down from $9.3 million in the third quarter 2025. For the nine months ended September 30, 2026, Ocean Transportation revenue was $2,265.2 million, with operating income of $437.7 million. Logistics revenue for the third quarter 2026 was $222.2 million, up from $161.8 million in the third quarter 2025, with operating income of $16.1 million, up from $13.6 million. Logistics operating income margin was 7.2% in the third quarter 2026. For the nine months ended September 30, 2026, Logistics revenue was $575.5 million, with operating income of $37.8 million. Cash and cash equivalents increased by $80.0 million from $141.9 million at December 31, 2025 to $221.9 million at September 30, 2026. As of September 30, 2026, there was $298.6 million of cash and cash equivalents and investments in fixed-rate U.S. Treasuries in the Capital Construction Fund. Net cash from operating activities was $460.6 million for the nine months ended September 30, 2026. Capital expenditures (including capitalized vessel construction expenditures) totaled $349.8 million for the nine months ended September 30, 2026. For the third quarter 2026, capital expenditure payments excluding vessel construction expenditures were $41.8 million, vessel construction expenditures were $52.5 million, and dry-docking payments were $15.9 million. For the full year 2026, the company expects capital expenditure payments of approximately $130 million, vessel construction expenditures of approximately $375 million, and dry-docking payments of approximately $45 million. The company expects depreciation and amortization expense for full year 2026 to be approximately $205 million, including dry-docking amortization of approximately $35 million. Interest income for full year 2026 is expected to be approximately $20 million, interest expense, net is expected to be approximately $6 million, and other income (expense), net is expected to be approximately $10 million in income. The effective tax rate for the third quarter 2026 was 20.5%. For the fourth quarter 2026, the company expects its effective tax rate to be approximately 20.0%, compared to 5.2% in the fourth quarter 2025, which benefited from a one-time tax adjustment of $18.5 million, or $0.59 per share. The company raised its full year outlook and expects strong demand and elevated freight rates in its China service to continue through year end and into early 2027. Ocean Transportation operating income in the fourth quarter 2026 is expected to be approximately 50% higher than the $136.0 million achieved in the fourth quarter 2025. Logistics operating income in the fourth quarter 2026 is expected to be modestly higher than the $7.7 million achieved in the fourth quarter 2025. Consolidated operating income in the fourth quarter 2026 is expected to be approximately 50% higher than the $143.7 million achieved in the fourth quarter 2025.

MATSON ANNOUNCES QUARTERLY DIVIDEND OF $0.38 PER SHARE

(NYSE: MATX) Matson, Inc. announced that its Board of Directors has declared a fourth quarter dividend of $0.38 per common share. The dividend will be paid on December 3, 2026 to all shareholders of record as of the close of business on November 5, 2026. Matson, Inc. is a leading provider of ocean transportation and logistics services, founded in 1882. The company provides ocean freight transportation services to Hawaii, Alaska, Guam, and other island economies in Micronesia. Matson operates premium, expedited services from China to Long Beach, California, including cargo from other Asia origins. The company also provides services to Okinawa, Japan and various islands in the South Pacific. Matson operates an international export service from Alaska to Asia. The company's fleet consists of owned and chartered vessels, including containerships, combination container and roll-on/roll-off ships, and barges. Matson Logistics, established in 1987, extends the company's transportation network throughout North America and Asia. Matson Logistics offers integrated logistics services such as rail intermodal, highway brokerage, warehousing, freight consolidation, supply chain management, and freight forwarding to Alaska.

MATSON CHRISTENS NEXT ALOHA CLASS VESSEL 'MAKUA'

(NYSE: MATX) Matson, Inc. and Hanwha Philly Shipyard, Inc. (HPSI) christened the first of three new containerships, 'Makua', for Matson's China-Long Beach Express (CLX) and Hawaii services at a ceremony on October 10, 2026. The three new Jones Act-compliant vessels represent an investment of approximately $1 billion. Each Aloha Class containership weighs over 51,400 metric tons, is 850 feet long, and has a capacity of 3,600 TEU. These ships are Matson's fastest, with a top speed of nearly 24 knots. The new vessels will be equipped with dual fuel engines capable of operating on conventional marine fuels or liquefied natural gas (LNG), and will feature green ship technology such as fuel-efficient hull design, double hull fuel tanks, and freshwater ballast systems. Unlike earlier ships, the new vessels will be delivered LNG-ready. The three new ships will replace three vessels currently deployed in Matson's Hawaii and CLX services. Makua is scheduled for delivery in the first quarter of 2027, the second ship in the third quarter of 2027, and the third in the second quarter of 2028. The addition of these ships is expected to improve operating efficiencies, reliability, and increase capacity in Matson's core Hawaii and China-Long Beach Express services. The construction of these ships supports hundreds of shipyard jobs and will provide more than 2,500 job opportunities for U.S. mariners over the lifespan of each ship. HPSI has delivered around 50% of all large ocean-going U.S. Jones Act commercial ships since 2000. Matson plans to name the other two new containerships Malama and Makena. The original ships named Makua, Malama, and Makena were freighters commissioned by the United States Shipping Board and purchased by Matson in the 1920s. The ceremony was attended by approximately 300 people, including U.S. Maritime Administration Deputy Administrator Mark Johnson, Matson and HPSI executives, shipyard workers, and union leaders. Speakers included U.S. Transportation Command Deputy Commander Lt. General Jered P. Helwig. Matson's two existing Aloha Class ships, Daniel K. Inouye and Kamina Hila, were also built by HPSI and entered service in 2018 and 2019 as the largest containerships ever constructed in the U.S.

MATSON NEW VESSEL CONSTRUCTION PROGRAM MARKS TWO MILESTONES

Matson, Inc. (NYSE: MATX) announced the start of hull assembly on the second of three new LNG powered 'Aloha Class' containerships and the commencement of construction on its third new vessel at Hanwha Philly Shipyard, Inc. in Pennsylvania. The three new Jones Act-compliant vessels represent an investment of approximately $1 billion and will match the size and speed of Matson's two existing Aloha Class ships. The first new vessel is expected to be delivered in the first quarter of 2027, with subsequent deliveries in the third quarter of 2027 and second quarter of 2028. Each vessel will have a carrying capacity of 3,600 TEU and is designed to operate at speeds in excess of 23 knots. These new ships will replace three vessels currently deployed in Matson's Hawaii and China-Long Beach Express (CLX) services.

MATSON ANNOUNCES ADDITION OF 3 MILLION SHARES TO EXISTING SHARE REPURCHASE PROGRAM AND QUARTERLY DIVIDEND OF $0.36 PER SHARE

Matson, Inc. (NYSE: MATX) announced that its Board of Directors approved adding three million shares to its existing share repurchase program and extended the program to December 31, 2029. As of April 23, 2026, approximately 0.7 million shares remained in the current program. The Board also declared a second quarter dividend of $0.36 per common share, payable on June 4, 2026 to shareholders of record as of May 7, 2026. Since August 2021, Matson has repurchased approximately 14.3 million shares, or about 33% of then outstanding shares, for a total cost of $1.3 billion. These actions reflect Matson's ongoing commitment to returning excess cash to shareholders.