What new authorization did Matson's Board approve on April 23, 2026?

Matson's Board approved an additional 3.0 million shares to be added to the Company's existing share repurchase program and extended the program through December 31, 2029. As of June 30, 2026, approximately 3.4 million shares remained available for repurchase under the expanded program.

How many shares did Matson repurchase in Q2 2026, and at what cost?

During the second quarter 2026, Matson repurchased approximately 0.3 million shares for a total cost of $67.8 million, reflecting an average price of approximately $226 per share. The filing notes this figure includes stock repurchased during the quarter but not yet settled, plus taxes on share repurchases to be paid after quarter-end.

What execution mechanism does Matson use for its share buybacks?

The filing does not explicitly specify the execution mechanism. Matson likely uses Rule 10b-18 open-market purchases as the standard method, consistent with typical corporate practice for companies without ASR or tender-offer disclosures.

How does Matson's buyback program relate to its capital allocation priorities?

Matson returned capital to shareholders through both share repurchases and dividends ($0.38 per share declared in Q2 2026) while maintaining robust capital expenditure programs. In the first half of 2026, the company generated $231.6 million in operating cash flow, supporting these concurrent uses of capital.

Why did Matson extend the repurchase program through 2029?

The extension to December 31, 2029 signals management's confidence in the business outlook despite near-term uncertainties noted in guidance (Iran conflict, Q4 2026 seasonal headwinds). The longer timeframe provides flexibility to execute repurchases opportunistically across market conditions.

What share count impact has the repurchase program had year-to-date?

Through the first half of 2026, Matson repurchased shares that reduced basic weighted average shares outstanding from 32.5 million (first half 2025) to 30.2 million (first half 2026), a reduction of approximately 2.3 million shares or 7.1%, demonstrating material progress in share count reduction.

MATX 8-K Filed 2026-08-03 New authorization

Matson expands share repurchase program with 3M additional shares

Board approves 3M additional shares and extends buyback authorization through 2029; repurchased 0.3M shares in Q2 2026.

Authorization$68M

Authorization (shares)3.0M

MechanismRule 10b-18 open-market purcha

What the filing says

On April 23, 2026, Matson's Board of Directors approved an additional 3.0 million shares of common stock to be added to the Company's existing share repurchase program and extended the program to December 31, 2029. During the second quarter 2026, Matson repurchased approximately 0.3 million shares for a total cost of $67.8 million.

As of June 30, 2026, there were approximately 3.4 million shares remaining in the Company's share repurchase program. The company generated net cash from operating activities of $231.6 million during the first half of 2026, providing substantial capacity to fund buybacks and capital expenditures while maintaining its dividend. The authorization extension through the end of 2029 signals management's confidence in the business and its capital allocation framework.

On April 23, 2026, Matson's Board of Directors approved an additional 3.0 million shares of common stock to be added to the Company's existing share repurchase program and extended the program to December 31, 2029. During the second quarter 2026, Matson repurchased approximately 0.3 million shares for a total cost of $67.8 million. — Matson, Inc. 8-K filing · View on SEC EDGAR →

What this means

Matson's Board expanded and extended its share repurchase authorization, adding 3.0 million shares to the existing program through December 31, 2029. In Q2 2026, the company executed buybacks of 0.3 million shares at an average price of approximately $226 per share, demonstrating active participation in the program. With 3.4 million shares remaining as of June 30, 2026, and strong operating cash flow of $231.6 million in the first half of 2026, the company has meaningful capacity to continue executing repurchases while funding capital expenditures and dividends. The extension signals management confidence despite near-term macro uncertainty noted in guidance.

Frequently asked questions

What new authorization did Matson's Board approve on April 23, 2026?: Matson's Board approved an additional 3.0 million shares to be added to the Company's existing share repurchase program and extended the program through December 31, 2029. As of June 30, 2026, approximately 3.4 million shares remained available for repurchase under the expanded program.
How many shares did Matson repurchase in Q2 2026, and at what cost?: During the second quarter 2026, Matson repurchased approximately 0.3 million shares for a total cost of $67.8 million, reflecting an average price of approximately $226 per share. The filing notes this figure includes stock repurchased during the quarter but not yet settled, plus taxes on share repurchases to be paid after quarter-end.
What execution mechanism does Matson use for its share buybacks?: The filing does not explicitly specify the execution mechanism. Matson likely uses Rule 10b-18 open-market purchases as the standard method, consistent with typical corporate practice for companies without ASR or tender-offer disclosures.
How does Matson's buyback program relate to its capital allocation priorities?: Matson returned capital to shareholders through both share repurchases and dividends ($0.38 per share declared in Q2 2026) while maintaining robust capital expenditure programs. In the first half of 2026, the company generated $231.6 million in operating cash flow, supporting these concurrent uses of capital.
Why did Matson extend the repurchase program through 2029?: The extension to December 31, 2029 signals management's confidence in the business outlook despite near-term uncertainties noted in guidance (Iran conflict, Q4 2026 seasonal headwinds). The longer timeframe provides flexibility to execute repurchases opportunistically across market conditions.
What share count impact has the repurchase program had year-to-date?: Through the first half of 2026, Matson repurchased shares that reduced basic weighted average shares outstanding from 32.5 million (first half 2025) to 30.2 million (first half 2026), a reduction of approximately 2.3 million shares or 7.1%, demonstrating material progress in share count reduction.

authorization extension rule-10b-18 ocean-freight capital-allocation

Source. This editorial summary is based on the SEC filing linked above. BuybackStocks aggregates and editorializes publicly available SEC EDGAR filings. Not investment advice. Past authorization announcements do not guarantee future repurchase activity or share price performance. See our full disclosures policy.