COKE Q2 2025 EPS Climbs 16% to $2.15 on $1.86B Sales

Q: How much did Coca-Cola Consolidated (COKE) earn in Q2 2025?

COKE posted $187 million in net income, up 8.5% year over year, equal to $2.15 diluted EPS .

Q: What were COKE鈥檚 Q2 2025 net sales and growth rate?

Net sales reached $1.86 billion , a 3.3% YoY increase from $1.80 billion in Q2 2024.

Q: How strong is COKE鈥檚 balance sheet after the quarter?

Cash and equivalents stand at $1.22 billion ; total debt is $1.79 billion , leaving net debt of ~$0.57 billion.

[8-K] Matsons, Inc. Reports Material Event

Filing Impact

(Moderate)

Filing Sentiment

(Neutral)

Form Type

8-K

Rhea-AI Filing Summary

Coca-Cola Consolidated (COKE) Q2-25 10-Q highlights

Net sales rose 3.3% YoY to $1.86 bn; first-half sales up 1.4% to $3.44 bn.
Gross profit +3.6% to $742 m; gross margin steady at 40.0%.
Operating income +5.0% to $272 m; operating margin 14.7% (+30 bp).
Net income increased 8.5% to $187 m; diluted EPS $2.15 (+16%). First-half EPS $3.34 (-8%).
Interest expense swung to a $6 m cost from a $2 m benefit YoY, reflecting higher average debt after 2024 bond issuance.
Mark-to-market expense on acquisition-related contingent consideration fell to $12 m vs $28 m, easing below-the-line pressure.
1H-25 operating cash flow slipped 7% to $406 m; capex $157 m kept free cash flow modest.
Cash & equivalents climbed to $1.22 bn; total debt unchanged at $1.79 bn, leaving net debt of $0.57 bn.
Equity strengthened to $1.63 bn as retained earnings rose and buybacks ($35 m) reduced share count under the $1 bn program.
Dividend lifted to $0.25 per share post 10-for-1 split effective 27-May-25.

Takeaway: Stable volume-driven revenue growth and cost discipline are expanding margins, but higher financing costs and softer first-half earnings temper the story. Robust liquidity and active capital returns support shareholder value.

Coca-Cola Consolidated (COKE) 2025雲� 2攵勱赴 10-Q 欤检殧雮挫毄

靾滊Г於滌澊鞝勲厔雽€牍� 3.3% 歃濌皜頃� 18.6鞏� 雼煬; 靸侂皹旮� 毵れ稖鞚€ 1.4% 歃濌皜頃� 34.4鞏� 雼煬.
毵れ稖齑濎澊鞚奠潃 3.6% 歃濌皜頃� 7.42鞏� 雼煬; 毵れ稖齑濎澊鞚惦鞚€ 40.0%搿� 鞎堨爼鞝� 鞙犾.
鞓侅梾鞚挫澋鞚€ 5.0% 歃濌皜頃� 2.72鞏� 雼煬; 鞓侅梾鞚挫澋毳犾潃 14.7% (+30bp) 旮半.
靾滌澊鞚奠潃 8.5% 歃濌皜頃� 1.87鞏� 雼煬; 頋劃欤茧嫻靾滌澊鞚�(EPS)鞚€ 2.15雼煬搿� 16% 靸侅姽. 靸侂皹旮� EPS電� 3.34雼煬搿� 8% 臧愳唽.
鞚挫瀽牍勳毄鞚� 鞝勲厔霃勳潣 200毵� 雼煬鞚挫澋鞐愳劀 600毵� 雼煬牍勳毄鞙茧 鞝勴櫂, 2024雲� 毂勱秾氚滍枆鞚错泟韽夑窢攵€毂� 歃濌皜氚橃榿.
鞚胳垬甏€霠� 鞖半皽毂勲鞐� 雽€頃� 鞁滉皜韽夑皜牍勳毄鞚€ 1,200毵� 雼煬搿� 鞝勲厔 2,800毵� 雼煬雽€牍� 臧愳唽頃橃棳旮绊儉牍勳毄攵€雼� 鞕勴檾.
2025雲� 靸侂皹旮� 鞓侅梾順勱笀頋愲鞚€ 7% 臧愳唽頃� 4.06鞏� 雼煬; 鞛愲掣鞝侅於滌潃 1.57鞏� 雼煬搿� 鞛愳湢順勱笀頋愲鞚€ 鞝滍暅鞝� 鞙犾.
順勱笀氚� 順勱笀靹膘瀽靷办潃 12.2鞏� 雼煬搿� 歃濌皜; 齑濍秬毂勲姅 17.9鞏� 雼煬搿� 氤€霃� 鞐嗢溂氅� 靾滊秬毂勲姅 5.7鞏� 雼煬鞙犾.
鞙犽炒鞚挫澋歃濌皜氚� 10鞏� 雼煬攴滊鞚� 鞛愳偓欤� 毵れ瀰頂勲攴鸽灗(3,500毵� 雼煬)鞙茧 欤检嫕靾� 臧愳唽, 鞛愲掣齑濌硠電� 16.3鞏� 雼煬搿� 臧曧檾.
2025雲� 5鞗� 27鞚� 氚滍毃霅� 10雽€ 1 欤检嫕攵勴暊鞚错泟欤茧嫻氚半嫻旮堨澊 0.25雼煬搿� 鞚胳儊.

鞖旍暯: 鞎堨爼鞝侅澑韺愲Г霟� 旮半皹毵れ稖靹膘灔瓿� 牍勳毄鞝堦皭鞙茧 毵堨鞚� 頇曤寑霅橁碃鞛堨溂雮�, 旮堨湹牍勳毄靸侅姽瓿� 靸侂皹旮� 鞚挫澋攵€歆勳澊靹膘灔靹鸽ゼ雼れ唽鞝滍暅. 瓴碃頃� 鞙犽彊靹标臣鞝侁饭鞝侅澑鞛愲掣頇橃洂鞝曥眳鞚� 欤检＜臧€旃橂ゼ霋冯皼旃暔.

Points cl茅s du rapport 10-Q du 2e trimestre 2025 de Coca-Cola Consolidated (COKE)

Les ventes nettes ont augment茅 de 3,3 % en glissement annuel pour atteindre 1,86 milliard de dollars ; les ventes du premier semestre ont progress茅 de 1,4 % 脿 3,44 milliards.
Le b茅n茅fice brut a augment茅 de 3,6 % pour atteindre 742 millions ; la marge brute est rest茅e stable 脿 40,0 %.
Le r茅sultat op茅rationnel a progress茅 de 5,0 % 脿 272 millions ; la marge op茅rationnelle est de 14,7 % (+30 points de base).
Le r茅sultat net a augment茅 de 8,5 % 脿 187 millions ; le BPA dilu茅 est de 2,15 $ (+16 %). Le BPA du premier semestre est de 3,34 $ (-8 %).
Les charges d鈥檌nt茅r锚ts sont pass茅es d鈥檜n gain de 2 millions 脿 un co没t de 6 millions, refl茅tant une dette moyenne plus 茅lev茅e apr猫s l鈥櫭﹎ission d鈥檕bligations en 2024.
La charge de valorisation au march茅 li茅e 脿 la contrepartie conditionnelle d鈥檃cquisition est tomb茅e 脿 12 millions contre 28 millions, ce qui a r茅duit la pression sous la ligne.
Le flux de tr茅sorerie op茅rationnel du premier semestre 2025 a recul茅 de 7 % 脿 406 millions ; les d茅penses d鈥檌nvestissement se sont 茅lev茅es 脿 157 millions, limitant ainsi la tr茅sorerie disponible.
La tr茅sorerie et les 茅quivalents ont augment茅脿 1,22 milliard ; la dette totale est rest茅e stable 脿 1,79 milliard, laissant une dette nette de 0,57 milliard.
Les capitaux propres se sont renforc茅s 脿 1,63 milliard gr芒ce 脿 l鈥檃ugmentation des b茅n茅fices non distribu茅s et aux rachats d鈥檃ctions (35 millions) dans le cadre du programme d鈥�1 milliard, r茅duisant le nombre d鈥檃ctions en circulation.
Le dividende a 茅t茅 port茅脿 0,25 $ par action apr猫s la division d鈥檃ctions 10 pour 1 effective au 27 mai 2025.

Conclusion : Une croissance stable des revenus port茅e par les volumes et une discipline des co没ts 茅largissent les marges, mais des co没ts financiers plus 茅lev茅s et des b茅n茅fices du premier semestre plus faibles temp猫rent le tableau. Une liquidit茅 solide et des retours actifs de capital soutiennent la valeur pour les actionnaires.

Positive

EPS growth: Q2 diluted EPS rose 16% YoY to $2.15 on margin expansion and lower below-line charges.
Margin improvement: Operating margin climbed 30 bp to 14.7% despite higher input costs.
Strong liquidity: Cash & cash equivalents increased to $1.22 bn, supporting capital allocation flexibility.
Shareholder returns: $35 m buybacks and dividend hike to $0.25 per share strengthen capital-return profile.
Reduced contingent burden: Mark-to-market expense on contingent consideration down 56% YoY.

Negative

1H earnings contraction: First-half net income fell 14% and EPS slipped 8% YoY.
Higher interest expense: Net interest swung to a $12.8 m cost YTD after prior-year benefit, pressuring net profit.
Operating cash flow decline: 1H-25 OCF down 7% to $406 m, moderating free cash flow.
Large contingent liabilities: Future acquisition-related payments total $675 m, limiting financial flexibility.
Rising treasury share cost: Treasury stock balance expanded to $162 m, signaling continued outflows.

Insights

TL;DR: Solid Q2 beat on EPS and margins; watch first-half softness and rising interest costs.

COKE鈥檚 3% top-line growth was modest, yet management held gross margin at 40% and expanded operating margin to 14.7%. EPS outpaced sales thanks to lower contingent consideration charges and aggressive buybacks. The balance sheet remains healthy鈥�$1.2 bn cash vs $1.8 bn debt鈥攇iving flexibility for further repurchases and the raised dividend. Offsetting positives, 1H-25 EPS fell 8% and operating cash flow declined, signaling tougher comps and higher funding costs ahead. With no guidance provided, sentiment hinges on volume trends and cost inflation into 2H.

TL;DR: Margins and cash cushion justify constructive stance despite slower 1H growth.

The quarter confirms COKE鈥檚 resilience: pricing and mix offset cost pressures, and management is redeploying capital via a scalable $1 bn buyback and a 5脳 higher dividend (post-split) while still replenishing cash. Leverage is manageable at ~1.4脳 EBITDA and contingent payments are largely self-funded. Although 1H earnings dipped, the 10-for-1 split broadens liquidity and could attract retail flow. I view the filing as incrementally positive and remain overweight given stable fundamentals and shareholder-friendly policies.

Coca-Cola Consolidated (COKE) 2025雲� 2攵勱赴 10-Q 欤检殧雮挫毄

靾滊Г於滌澊鞝勲厔雽€牍� 3.3% 歃濌皜頃� 18.6鞏� 雼煬; 靸侂皹旮� 毵れ稖鞚€ 1.4% 歃濌皜頃� 34.4鞏� 雼煬.
毵れ稖齑濎澊鞚奠潃 3.6% 歃濌皜頃� 7.42鞏� 雼煬; 毵れ稖齑濎澊鞚惦鞚€ 40.0%搿� 鞎堨爼鞝� 鞙犾.
鞓侅梾鞚挫澋鞚€ 5.0% 歃濌皜頃� 2.72鞏� 雼煬; 鞓侅梾鞚挫澋毳犾潃 14.7% (+30bp) 旮半.
靾滌澊鞚奠潃 8.5% 歃濌皜頃� 1.87鞏� 雼煬; 頋劃欤茧嫻靾滌澊鞚�(EPS)鞚€ 2.15雼煬搿� 16% 靸侅姽. 靸侂皹旮� EPS電� 3.34雼煬搿� 8% 臧愳唽.
鞚挫瀽牍勳毄鞚� 鞝勲厔霃勳潣 200毵� 雼煬鞚挫澋鞐愳劀 600毵� 雼煬牍勳毄鞙茧 鞝勴櫂, 2024雲� 毂勱秾氚滍枆鞚错泟韽夑窢攵€毂� 歃濌皜氚橃榿.
鞚胳垬甏€霠� 鞖半皽毂勲鞐� 雽€頃� 鞁滉皜韽夑皜牍勳毄鞚€ 1,200毵� 雼煬搿� 鞝勲厔 2,800毵� 雼煬雽€牍� 臧愳唽頃橃棳旮绊儉牍勳毄攵€雼� 鞕勴檾.
2025雲� 靸侂皹旮� 鞓侅梾順勱笀頋愲鞚€ 7% 臧愳唽頃� 4.06鞏� 雼煬; 鞛愲掣鞝侅於滌潃 1.57鞏� 雼煬搿� 鞛愳湢順勱笀頋愲鞚€ 鞝滍暅鞝� 鞙犾.
順勱笀氚� 順勱笀靹膘瀽靷办潃 12.2鞏� 雼煬搿� 歃濌皜; 齑濍秬毂勲姅 17.9鞏� 雼煬搿� 氤€霃� 鞐嗢溂氅� 靾滊秬毂勲姅 5.7鞏� 雼煬鞙犾.
鞙犽炒鞚挫澋歃濌皜氚� 10鞏� 雼煬攴滊鞚� 鞛愳偓欤� 毵れ瀰頂勲攴鸽灗(3,500毵� 雼煬)鞙茧 欤检嫕靾� 臧愳唽, 鞛愲掣齑濌硠電� 16.3鞏� 雼煬搿� 臧曧檾.
2025雲� 5鞗� 27鞚� 氚滍毃霅� 10雽€ 1 欤检嫕攵勴暊鞚错泟欤茧嫻氚半嫻旮堨澊 0.25雼煬搿� 鞚胳儊.

Points cl茅s du rapport 10-Q du 2e trimestre 2025 de Coca-Cola Consolidated (COKE)

Les ventes nettes ont augment茅 de 3,3 % en glissement annuel pour atteindre 1,86 milliard de dollars ; les ventes du premier semestre ont progress茅 de 1,4 % 脿 3,44 milliards.
Le b茅n茅fice brut a augment茅 de 3,6 % pour atteindre 742 millions ; la marge brute est rest茅e stable 脿 40,0 %.
Le r茅sultat op茅rationnel a progress茅 de 5,0 % 脿 272 millions ; la marge op茅rationnelle est de 14,7 % (+30 points de base).
Le r茅sultat net a augment茅 de 8,5 % 脿 187 millions ; le BPA dilu茅 est de 2,15 $ (+16 %). Le BPA du premier semestre est de 3,34 $ (-8 %).
Les charges d鈥檌nt茅r锚ts sont pass茅es d鈥檜n gain de 2 millions 脿 un co没t de 6 millions, refl茅tant une dette moyenne plus 茅lev茅e apr猫s l鈥櫭﹎ission d鈥檕bligations en 2024.
La charge de valorisation au march茅 li茅e 脿 la contrepartie conditionnelle d鈥檃cquisition est tomb茅e 脿 12 millions contre 28 millions, ce qui a r茅duit la pression sous la ligne.
Le flux de tr茅sorerie op茅rationnel du premier semestre 2025 a recul茅 de 7 % 脿 406 millions ; les d茅penses d鈥檌nvestissement se sont 茅lev茅es 脿 157 millions, limitant ainsi la tr茅sorerie disponible.
La tr茅sorerie et les 茅quivalents ont augment茅脿 1,22 milliard ; la dette totale est rest茅e stable 脿 1,79 milliard, laissant une dette nette de 0,57 milliard.
Les capitaux propres se sont renforc茅s 脿 1,63 milliard gr芒ce 脿 l鈥檃ugmentation des b茅n茅fices non distribu茅s et aux rachats d鈥檃ctions (35 millions) dans le cadre du programme d鈥�1 milliard, r茅duisant le nombre d鈥檃ctions en circulation.
Le dividende a 茅t茅 port茅脿 0,25 $ par action apr猫s la division d鈥檃ctions 10 pour 1 effective au 27 mai 2025.

07/24/2025 - 04:15 PM

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): July 24, 2025 (July 23, 2025)

Matson, Inc.

(Exact Name of Registrant as Specified in its Charter)

_____________________


Hawaii	001-34187	99-0032630
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(I.R.S. Employer Identification No.)


1411 Sand Island Parkway
Honolulu, Hawaii		96819
(Address of principal executive offices)		(zip code)

Registrant’s telephone number, including area code: (808) 848-1211

(Former Name or former address, if changed since last report)

_____________________

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:


Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock, without par value	MATX	New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 1.01.Entry Into a Material Definitive Agreement.

Amendment to Credit Agreement

On July 23, 2025, Matson, Inc. (“Matson” or the “Company”) entered into a Third Amended and Restated Credit Agreement (the “Credit Agreement”) with Bank of America, N.A. as Agent, and the lenders party thereto. The Credit Agreement amends and restates that certain Second Amended and Restated Credit Agreement dated as of March 31, 2021 (as amended, supplemented or otherwise modified prior to the Closing Date, the “Prior Credit Agreement”). All obligations of the Company under the Credit Agreement are guaranteed by Matson’s principal operating subsidiary Matson Navigation Company, Inc., and by certain other subsidiaries.

The Credit Agreement has a five-year maturity and provides loan commitments to the Company in the aggregate amount of $550,000,000, with an uncommitted $300,000,000 increase option. Matson reduced the size of its credit facility from $650 million to $550 million due to: (i) the nearly fully-funded status of the new Aloha Class vessel build program; and (ii) Matson’s expected lower level of capital needs for the remainder of the decade due in part to its next Jones Act build cycle which is not anticipated until the mid-2030s.

The Credit Agreement provides for amendments to certain covenants and other terms set forth in the Prior Credit Agreement, including (i) amending the pricing grid to provide for pricing ranging from, at the Company’s election, Secured Overnight Financing Rate (“SOFR”) plus a margin between 1.125% and 1.75% depending on the Company’s consolidated net leverage ratio, or base rate plus a margin between 0.125% and 0.75% depending on the Company’s consolidated net leverage ratio, and (ii) eliminating the minimum consolidated interest coverage ratio financial covenant. The Company may prepay any amount outstanding under the Credit Agreement without premium or penalty, in accordance with the terms of the Credit Agreement. The Credit Agreement contains affirmative, negative and financial covenants customary for financings of this type, including, among other things, limitations on certain other indebtedness, loans and investments, liens, mergers, asset sales, and transactions with affiliates. The Credit Agreement also contains customary events of default. Customary fees were paid in connection with the closing of the Credit Agreement.

The foregoing description is qualified in its entirety by the terms and conditions set forth in the Credit Agreement, a copy of which will be filed in accordance with the rules of the Securities and Exchange Commission.

Amendments to Existing Private Placement Facilities

On July 23, 2025, Matson and the holders of notes party thereto entered into amendments (collectively, the “2025 Note Amendments”) to each of (i) the Third Amended and Restated Note Purchase Agreement and Private Shelf Agreement dated as of September 14, 2016, among Matson and the holders of the notes issued thereunder, as amended, and (ii) the Note Purchase Agreement dated December 21, 2016 among Matson and the holders of the notes issued thereunder, in each case as amended prior to such date.

The 2025 Note Amendments provide for amendments to certain covenants and other terms, including eliminating the minimum consolidated interest coverage ratio financial covenant. Customary fees were paid in connection with the closing of the 2025 Note Amendments.

The foregoing description is qualified in its entirety by the terms and conditions set forth in the 2025 Note Amendments, a copy of which will be filed in accordance with the rules of the Securities and Exchange Commission.

Item 2.03.Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

The information set forth in Item 1.01 herein is hereby incorporated in its entirety into Item 2.03 by reference.

Item 9.01.Financial Statements and Exhibits.

(a) - (c) Not applicable.

(d) Exhibits.

The exhibits listed below are being furnished with this Form 8-K.


104	Cover Page Interactive Data File (formatted in Inline XBRL)

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


	MATSON, INC.


	/s/ Joel M. Wine
	Joel M. Wine
	Executive Vice President and Chief Financial Officer


Dated: July 24, 2025

Source:

FAQ

How much did Coca-Cola Consolidated (COKE) earn in Q2 2025?

COKE posted $187 million in net income, up 8.5% year over year, equal to $2.15 diluted EPS.

What were COKE鈥檚 Q2 2025 net sales and growth rate?

Net sales reached $1.86 billion, a 3.3% YoY increase from $1.80 billion in Q2 2024.

How strong is COKE鈥檚 balance sheet after the quarter?

Cash and equivalents stand at $1.22 billion; total debt is $1.79 billion, leaving net debt of ~$0.57 billion.

What is the status of COKE鈥檚 share repurchase program?

Under the $1 billion authorization started Aug-2024, the company repurchased $34.4 million of stock in Q2 2025.

When did COKE complete its 10-for-1 stock split?

The split was approved on 13-May-25; additional shares were distributed 23-May-25 and began trading split-adjusted 27-May-25.

AG真人官方

[8-K] Matsons, Inc. Reports Material Event

Insights

FAQ

How much did Coca-Cola Consolidated (COKE) earn in Q2 2025?

What were COKE鈥檚 Q2 2025 net sales and growth rate?

How strong is COKE鈥檚 balance sheet after the quarter?

What is the status of COKE鈥檚 share repurchase program?

When did COKE complete its 10-for-1 stock split?

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AG真人官方

Trending News

[8-K] Matsons, Inc. Reports Material Event

Insights

Equity Research Analyst neutral

Portfolio Manager positive

FAQ

How much did Coca-Cola Consolidated (COKE) earn in Q2 2025?

What were COKE鈥檚 Q2 2025 net sales and growth rate?

How strong is COKE鈥檚 balance sheet after the quarter?

What is the status of COKE鈥檚 share repurchase program?

When did COKE complete its 10-for-1 stock split?

NYSE:MATX

MATX Rankings

MATX Latest News

MATX Latest SEC Filings

MATX Stock Data