Matson, Inc. (NYSE:MATX) Q2 2022 Results Conference Call August 1, 2022 4:30 PM ET
Company Participants
Lee Fishman - Senior Director of Investor Relations
Matt Cox - Chairman & Chief Executive Officer
Joel Wine - Executive Vice President & Chief Financial Officer
Conference Call Participants
Jack Atkins - Stephens
Ben Nolan - Stifel
Operator
Welcome to the Matson Second Quarter 2022 Financial Results Conference Call. At this time, all participants are in a listen-only mode. After the speaker presentation, there will be a question-and-answer session. [Operator Instructions] Please be advice that today's conference maybe recorded.
I would now like to hand the conference over to your speaker today, Lee Fishman. Please go ahead.
Lee Fishman
Thank you, Olivia. Joining me on the call today are Matt Cox, Chairman and Chief Executive Officer; and Joel Wine, Executive Vice President and Chief Financial Officer. Slides from this presentation are available for download at our website, www.matson.com, under the Investors tab.
Before we begin, I would like to remind you that during the course of this call, we will make forward-looking statements within the meaning of the federal securities laws regarding expectations, predictions, projections or future events. We believe that our expectations and assumptions are reasonable. We caution you to consider the risk factors that could cause actual results to differ materially from those in the forward-looking statements in the press release, the presentation slides and this conference call.
These risk factors are described in our press release and presentation and are more fully detailed under the caption Risk Factors on Pages 13 to 24 of our Form 10-K filed on February 25, 2022, and in our subsequent filings with the SEC. Please also note that the date of this conference call is August 1, 2022, and any forward-looking statements that we make today are based on assumptions as of this date. We undertake no obligation to update these forward-looking statements.
With that, I'll turn the call over to Matt.
Matt Cox
Okay. Thanks, Lee, and thanks to those on the call. Starting on Slide 3. Matson performed well in the second quarter with higher year-over-year operating income in both Ocean Transportation and Logistics. The increase in ocean transportation operating income in the quarter was driven by significant demand for our China expedited ocean services. In our domestic trade lanes, we saw higher volume in Alaska and softer volumes in Hawaii and Guam compared to the second quarter of last year. In logistics, the increase in operating income was due to strength across all of the business lines as we continue to see favorable supply and demand fundamentals in our core markets.