Matson, Inc. Earnings Per Share Disclosure
14.EARNINGS PER SHARE
Basic earnings per share are determined by dividing net income by the weighted-average common shares outstanding during the year. The calculation of diluted earnings per share includes the dilutive effect of non-vested restricted stock units. The computation of weighted average common shares outstanding excluded a nominal amount of anti-dilutive restricted stock units for each of the years ended December 31, 2025, 2024 and 2023.
The computations for basic and diluted earnings per share for the years ended December 31, 2025, 2024 and 2023 are as follows:
Year Ended December 31, 2025 | Year Ended December 31, 2024 | Year Ended December 31, 2023 | ||||||||||||||||||||||
| | Weighted | | Per | | | Weighted | | Per | | | Weighted | | Per | ||||||||||
Average | Common | Average | Common | Average | Common | |||||||||||||||||||
Net | Common | Share | Net | Common | Share | Net | Common | Share | ||||||||||||||||
(In millions, except per share amounts) | Income | Shares | Amount | Income | Shares | Amount | Income | Shares | Amount | |||||||||||||||
Basic: | $ | 444.8 |
| 31.8 | $ | 13.99 | $ | 476.4 |
| 33.7 | $ | 14.14 | $ | 297.1 |
| 35.3 | $ | 8.42 | ||||||
Effect of Dilutive Securities: | — |
| 0.4 | (0.18) | — |
| 0.5 | (0.21) | — |
| 0.4 | (0.10) | ||||||||||||
Diluted: | $ | 444.8 | 32.2 | $ | 13.81 | $ | 476.4 | 34.2 | $ | 13.93 | $ | 297.1 | 35.7 | $ | 8.32 | |||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 27, 2026 | Showing above |
| 2024 | Feb 28, 2025 | |
| 2023 | Feb 23, 2024 | |
| 2022 | Feb 24, 2023 | |
| 2021 | Feb 25, 2022 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.