MATX - Matson approves additional 3M shares to existing repurchase program

• Matson ( NYSE: MATX ) Board of Directors approved adding 3M shares, or ~8% shares, to the existing 6M share repurchase program.

• As of August 22, 2022, the existing share repurchase program had ~0.5M shares remaining.

• "Since we commenced our share repurchase program last August, we have repurchased approximately 5.5 million shares for a total cost of nearly $465 million. Going forward, we will be both disciplined and opportunistic in our capital allocation, and we remain committed to returning excess cash to shareholders to create additional shareholder value over the long-term." commented Matt Cox, Chairman and CEO.

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