美国
证券交易委员会
华盛顿州，D. 20549
形式
当前报告
根据1934年证券交易所第13或第15（d）条
报告日期（报告最早事件日期）：7月9日，2020年（
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根据“证券法”规则425的书面沟通（17 CFR 230.425） |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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根据“交流法”规则13E-4（C）的预先开始通信（17 CFR 240.13E-4（C）） |
证券根据该法案第12（b）条注册：
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通过Check标志表明注册人是否是1933年“证券交流法”的“证券法”规则405规定的新兴增长公司（第17条CFR§230.405）或1934年“CFR§240.12b-2”（17cfr§240.12b-2）。
新兴成长公司
如果一个新兴的增长公司，如果注册人选择不使用遵守“交流法”第13（a）条规定的任何新的或订正的财务会计准则，则通过复选标志表示不使用延长的过渡期。☐
第2.02项。运营结果和财务状况。
7月9日，2020年7月，Mats万博体育手机官网登录on，Inc。此外，该公司将投资者介绍给其网站。投资者陈述的副本作为展览附在99.2中。
本报告中的资料（包括展品99.1和99.2）正在根据第2.02项提供提供，而不得被视为“提交”1934年“证券交易法”第18条的“提交”。
项目9.01。财务报表和展品。
（a） - （c）不适用。
（d）展品。
下面列出的展品正在提供此表格8-k。
99.1. |
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99.2 |
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104. |
封面交互数据文件（格式化在内联XBRL中，并包含在展览101中）。 |
签名
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
万博体育手机官网登录MATSON，INC。 |
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/s/ Joel M. Wine |
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Joel M. Wine. |
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高级副总裁兼首席财务官 |
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Dated: July 9, 2020 |
展览99.1.
投资者关系查询： |
新闻媒体查询： |
Lee Fishman |
Keoni Wagner. |
万博体育手机官网登录Matson，Inc。 |
万博体育手机官网登录Matson，Inc。 |
510.628.4227 |
510.628.4534 |
lfishman@matson.com |
kwagner@万博体育手机官网登录matson.com. |
为了立即释放
万博体育手机官网登录宣布初步2Q20结果，提供业务更新并宣布2Q20收益呼叫日期
| ● | 预计20季度海洋运输营业收入为4季度，达到4季度的40.5美元至4250万美元 |
| ● | 预计2Q19的物流营业收入为8.0至9000万美元，200季度113狗万投注平台0万美元 |
| ● | Expects 2Q20 net income and diluted EPS to be $30.4 to $32.6 million and $0.70 to $0.75, respectively |
| ● | 中国服务实力，包括额外的船只章程，主要推动营业收入增加 |
| ● | Allowable borrowings of approximately $425 million at quarter end and leverage ratio per debt agreements below 3.25x |
| ● | 宣布第二季度盈利日期于2020年8月5日 |
檀香山，夏威夷（7月9日，2020年7月9日） - Matson，万博体育手机官网登录Inc。
Matt Cox, Matson’s Chairman and Chief Executive Officer, commented, “Matson’s businesses performed well in the second quarter despite challenges from the COVID-19 pandemic and subsequent economic effects. The operational and financial actions we have taken in the last few months have helped Matson through this difficult period and have led to opportunities. One such opportunity, the introduction of the additional CLX vessel charter sailings, principally drove the increase in consolidated operating income year-over-year. We will continue to offer this supplemental ‘CLX+’ service through the peak season and potentially longer as our customers’ needs dictate.”
Mr. Cox added, “Overall, our performance in the second quarter was led primarily by the strength in our China service, including chartered voyages in addition to our normal weekly vessels that sailed at capacity. Compared with our expectations in early May at the time of our last earnings call, we also had better-than-expected volume in our Hawaii tradelane as we carried a portion of Pasha’s volume due in part to the dry-docking of one of its vessels, and we had better-than-expected volume in our Alaska tradelane as the local economy gradually reopened creating improved freight demand. We also made good progress on our previously-announced cost management initiatives. As a result, Matson expects second quarter operating income for Ocean Transportation of $40.5 to $42.5 million and Logistics operating income of $8.0 to $9.0 million. We also expect second quarter 2020 net income and diluted EPS to be $30.4 to $32.6 million and $0.70 to $0.75, respectively.”
海运营业收入的年度同比改善主要是由于我们的CLX交易所的实力，包括额外的CLX特许航行，部分抵消了我们国内交易所的下降。物流营业收入的年度持续下降是由于运输经纪和货运代理的贡献较低狗万投注平台。
1
第二季度交易所数量（四十英尺等同单位（FEU））（1）（2）：
截至6月30日止三个月，2020年与截至2019年6月30日和FEU的三个月相比：
| ● | 夏威夷集装箱卷主要由于国家的Covid-19缓解努力，包括对旅游的限制，部分抵消了与帕萨血管之一的干耦合相关的体积的限制; |
| ● | 阿拉斯加体积减少了9.0％，北行卷较低，主要是由于对零售相关商品的需求较低，作为国家Covid-19缓解努力的效果，与前一年相比，帆船减少，南行卷更低; |
| ● | 除了常规的CLX服务外，中国的卷主要是由于特许航行的批量增加了68.1％; |
| ● | Guam volume was 12.5 percent lower primarily due to lower demand for retail-related goods as COVID-19 mitigation measures remained in effect; and |
| ● | 其他容器体积减少了18.8％。 |
| （1） | 该期间内容的近似卷是基于航行出发日期，但调整收入和营业收入，以反映每份报告期末报告期内的报告期内收入和营业收入百分比。 |
| （2） | 其他包括来自服务的集装箱密克罗尼西亚和南太平洋的各种岛屿，日本冲绳。 |
流动性和债务未偿还
截至6月30日，总债务在三个月内减少了3490万美元至890.0百万美元。截至6月30日Matson在其循环万博体育手机官网登录信贷机构下借款约为4.25亿美元。季度最终的可用借款基于修订债务协议下的允许杠杆水平以及债务协议下的EBITDA的定义。2020年6月30日债务协议下的杠杆率低于3.25倍。
幻灯片演示文稿伴随着本新闻稿，可在公司网站m.instecho.com提供投资者。万博体育电脑网页版万博体育手机官网登录
电话会议和网络广播
电话会议定于8月5日,2020年t 4:30 p.m. EST when Matt Cox, Chairman and Chief Executive Officer, and Joel Wine, Senior Vice President and Chief Financial Officer, will discuss Matson’s second quarter results.
电话会议日期： |
Wednesday August 5, 2020 |
计划的时间： |
下午4:30。edt / 1:30下午1:30.PDT / 10:30 A.M. HST |
Participant Toll Free Dial-In #: |
1-877-312-5524 |
International Dial-In #: |
1-253-237-1144 |
电话会议将在Company的网站m.instecho.com下，在投资者的网站上播放额外的幻灯片演示。万博体育电脑网页版万博体育手机官网登录通过拨打1-855-859-2056或1-404-537-3406并使用会议编号4396458，在呼叫之后大约两个小时即可获得电话会议的重播。幻灯片和音频网络广播电话会议将在公司网站m.instecho.com，投资者的网站上存档。万博体育电脑网页版万博体育手机官网登录
2
关于公司
Matson（纽约证券交易所）成立万博体育手机官网登录于1882年（纽约证券交易所：MATX）是海运和物流服务的领先供应商。狗万投注平台万博体育手机官网登录MATSON为夏威夷，阿拉斯加和关岛国内非连体经济提供了一个重要的生命线，以及密克罗尼西亚的其他岛屿经济。万博体育手机官网登录Matson还从中国到南加利福尼亚州的高级服务，并为冲绳，日本和南太平洋各种岛屿提供服务。该公司拥有的拥有和特许船的舰队包括集装箱，组合集装箱和滚动/滚动船舶以及定制设计的驳船。万博体育手机官网登录Matson 狗万投注平台Logistics成立于1987年，在整个大陆美国延伸了Matson的交通网络的地理范围。它的综合资产，灯光物流服务包括铁路交通，公路经纪，仓储，货运整合，亚洲供应链服务，以及转发给阿拉斯加。有关该公司的其他信息可供选择www.万博体育手机官网登录matson.com。
前瞻性陈述
本新闻发布的陈述不是历史事实是“前瞻性陈述”，涉及1995年私营证券诉讼改革法案的含义，包括但不限于有关营业收入，净收入，每股收益，Covid-的陈述19大流行和随后的经济影响，额外的CLX船舶租船航行，以及运营变化和成本管理举措。这些陈述涉及许多风险和不确定性，可能导致实际结果与相关前瞻性陈述所考虑的实际结果不同，包括但不限于有关拒绝的危险，大量修正或豁免琼斯法案的风险和不确定性申请，或者我们未能根据琼斯法案保持美国公民的地位;区域，国家和国际经济条件;竞争对手的服务水平的新的或增加竞争或改善;燃料价格，我们收集与燃料相关的附加费和/或低硫燃料的成本或有限可用性的能力;与安装停机有关的延迟或成本超支;我们与供应商，客户和合作伙伴的关系以及相关协议的变更;我们的竞争对手的行为;我们在中国提供差异化服务的能力，客户愿意支付重大溢价; the imposition of tariffs or a change in international trade policies; the magnitude and timing of the impact of public health crises, including COVID-19; the ability of the NASSCO shipyard to construct and deliver万博体育手机官网登录Matsonia.在预期的时间表;任何意想不到的干码头或维修费用;与终端现代化相关的任何延迟或成本超支;完善和整合收购;一般经济和/或行业特定条件的变化;物流业内的竞争与增长率;狗万投注平台运费和增加卡车容量的成本和可用性或运输货物的替代手段;与现有卡车，轨道，海洋航空公司关系的变化;客户群的变化由于客户可能的综合;金融市场的条件; changes in our credit profile and our future financial performance; our ability to obtain future debt financings; continuation of the Title XI and CCF programs; the impact of future and pending legislation, including environmental legislation; government regulations and investigations; relations with our unions; satisfactory negotiation and renewal of expired collective bargaining agreements without significant disruption to Matson’s operations; war, terrorist attacks or other acts of violence; the use of our information technology and communication systems and cybersecurity attacks; and the occurrence of marine accidents, poor weather or natural disasters. These forward-looking statements are not guarantees of future performance. This release should be read in conjunction with our Annual Report on Form 10-K, our Quarterly Report on Form 10-Q for the quarter ended March 31, 2020, 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. We do not undertake any obligation to update our forward-looking statements.
3.
展览99.2.
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1初季度第二季度2020年收益补充剂第二季度2020年7月9日初期2020年7月9日 |
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2Preliminary Second Quarter 2020 Earnings Supplement Forward-Looking Statements Statements made during this presentation that set forth expectations, predictions, projections or are about future events are based on facts and situations that are known to us as of July 9, 2020. We believe that our expectations and assumptions are reasonable. Actual results may differ materially, due to risks and uncertainties, such as those described on pages 24-34 of our Form 10-Q filed on May 5, 2020 and other subsequent filings by Matson with the SEC. Statements made during this presentation are not guarantees of future performance. We do not undertake any obligation to update our forward-looking statements. |
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3.Preliminary Second Quarter 2020 Earnings Supplement Preliminary Second Quarter 2020 Results • Matson’s lines of business performed well despite challenges from the COVID-19 pandemic and subsequent economic effects • Operational and financial actions taken in the last few months have helped during this difficult period and led to opportunities – Introduction of CLX vessel charters – principally drove the increase in 2Q20 consolidated operating income year-over-year – On track with operational changes and cost management initiatives mentioned on May 5th earnings call • Expect to exceed high end of $40 to $50 million range due to additional CLX vessel charters • Ocean Transportation – CLX strength – chartered voyages in addition to normal weekly vessels at capacity – Hawaii and Alaska volumes better-than-expected on May 5th earnings call – SSAT challenged by cancelled sailings • Logistics – Some business lines remain challenged by COVID-19 and its subsequent economic effects – Year-over-year decline in operating income due to lower contributions from transportation brokerage and freight forwarding |
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4初步第二季度2020年收益补充补充初步第二季度2020年2020年成果（续）（1）在美国GAAP要求的延期贷款费用进行任何调整之前提出总债务。（2）在2020年第2季度成熟。（3）在2020年第2季度赎回。（4）在第2季度颁布于2020年第2季度。（5）在第2季度末的借款约为4.25亿美元的借款。•债务协议下的汇率低于3.25倍 |
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5初级第二季度2020年收益补充夏威夷服务第二季度2020年绩效•集装箱卷同比下降4.0％ - 货运量下降主要是由于近零的旅游和临时关闭零售店 - 部分抵消了帕斯巴的批量抵消-docking of one of its vessels – Westbound container market down mid-teens % • Hawaii economy in significant downturn – State’s 14-day quarantine for visitors extended at least to July 31 – Difficult environment for tourism- related businesses • Many businesses remain closed – Unemployment hit a historic high Container Volume (FEU Basis) 25,000 27,000 29,000 31,000 33,000 35,000 37,000 39,000 Q1 Q2 Q3 Q4 2019 2020 Note: 2Q 2020 volume figure includes volume related to Pasha’s vessel dry-docking. (4.0)% |
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6 Preliminary Second Quarter 2020 Earnings Supplement China Expedited Service (CLX) Second Quarter 2020 Performance • Container volume increased 68.1% YoY • Continued dislocation in air freight markets led to strong demand for Matson’s expedited service – Normal weekly vessels sailed at capacity – Introduced vessel charters to supplement CLX service given high demand • 7 additional vessel charter sailings during the quarter • Demand driven by PPE, e-commerce, working-from-home electronics, and other high-demand goods • Daniel K. Inouye moved into the CLX at quarter end to add capacity to regular CLX service Container Volume (FEU Basis) 8,000 13,000 18,000 23,000 28,000 33,000 Q1 Q2 Q3 Q4 2019 2020 Note: 2Q 2020 volume figure includes volume related to seven vessel charters. 68.1% |
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7初级第二季度2020年收益补充中国加快服务（CLX）为何Matson在第二季度推出船只章程......•建立在我们成功的15年赛道经营CLX - 与客户的长期关系的记录 -万博体育手机官网登录 不懈地关注-time Freight的运费 - 从SSAT运营的码头A中卸载的船只船只的货物在长滩上卸载，并在Matson-Pedced底盘上搬运到托运人的off-Dock设施：独特的条件提供了Matson这个机会 - 卓越的需求万博体育手机官网登录Covid-19大流行引起的供需波动带来加速的海运•横跨空运市场的错位从第一季度 - 低船舶租赁费率 - 明显较低的燃料成本，Matson将通过旺季提供这项补充CLX +服务（结束万博体育手机官网登录of October) or potentially longer as our customers’ needs dictate. |
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8初级第二季度2020年收益补充关岛服务二季度2020年性能•集装箱卷同比下降12.5％ - 货运量下降主要是由于零售相关货物需求较低，因为Covid-19缓解措施仍然有效 - 在较小程度上，减少对岛屿的旅游对货运集装箱（FEU基础）有适当的负面影响3,000 3,500 4,000 4,500 5,5,500 Q1 Q2 Q3 Q 3 2019 2020（12.5）％ |
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9 Preliminary Second Quarter 2020 Earnings Supplement Alaska Service Second Quarter 2020 Performance • Container volume decreased 9.0% YoY – Lower northbound volume primarily due to: • Lower demand for retail-related goods, as an effect of the state’s COVID-19 mitigation efforts • One less sailing compared to the year ago period – Moderately lower southbound volume • Gradual reopening of local economy in late May and early June improved freight demand and led to better-than-expected northbound volume vs. expectations on May 5th earnings call Container Volume (FEU Basis) Note: 1Q 2020 volume figure includes volume related to a competitor’s vessel dry- docking. 10,000 12,000 14,000 16,000 18,000 20,000 Q1 Q2 Q3 Q4 2019 2020 (9.0)% |
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10次初级第二季度2020年收益补充Matson物流第二季度2020年绩效营业收入$ 0.0 $ 2.0 万博体育手机官网登录$ 4.0 $狗万投注平台 6.0 $ 8.0 $ 10.0 $ 12.0 Q1 Q2 Q3 Q4 $ in Millos 2019 2020•营业收入减少2.3美元至330万美元至8.0美元运输经纪和货运代理的90万美元较低贡献 - 一些商业线条受到Covid-19的挑战，其随后的经济效量为8.0美元至900万美元 |
