Details?
https://seekingalpha.com/article/4396118-matson-inc-can-catch-waveQuote from the article:
The company reported quite strongly for the 3rd quarter of 2020. Revenue in the last 3 months increased by 12.77%, while the gross profit margin was 23.15%, which is 5.76% more than in the same period last year.
If we compare the last 9 months, the company has not been disastrously affected by COVID-19: revenue grew by 1.25%, and EBIT increased by 56.79%. Net profit for the period increased by 60.2%, amounting to $107.5 million.
The company got rid of a significant part of long-term debt on its balance sheet, reducing it by 20.6%. EBITDA-to-interest coverage increased from 10.47 to 10.98.
Unquote
MHO:
They charged to ship a container from China to California in July-August with Matson 4k in December they charged 6k and up!