How did MATX's Q4 earnings surprise impact its annual performance?

Matson's (MATX) Q4 earnings surprise had a significant positive impact on its annual performance, as evidenced by the following key points:

1. **Year-Over-Year Growth in Operating Income**: Matson's consolidated operating income for the full year 2024 increased by $208.5 million, reaching $551.3 million. This growth is a direct result of the company's strong Q4 performance, which contributed significantly to the annual figures.
2. **Impact of Q4 Performance on Annual EPS**: The Q4 earnings per share (EPS) of $3.80 exceeded forecasts by 55.1%. This substantial beat on EPS expectations leads to a stronger annual EPS, which is indicative of Matson's robust financial performance.
3. **Revenue Achievement**: Matson's revenue for the quarter reached $890.3 million, surpassing expectations of $840.29 million. This revenue outperformance further bolsters the company's annual revenue figures.
4. **Return on Equity (ROE) and Leverage**: Matson's strong Q4 performance is reflected in its robust ROE of 17% and a moderate debt-to-equity ratio of 0.26. These financial metrics indicate efficient use of equity and a healthy capital structure, which are crucial for sustained annual growth.
5. **Anticipated Increase in Q1 2025 Operating Income**: Matson anticipates its Q1 2025 consolidated operating income to be meaningfully higher than the level achieved in the same period last year. This forward-looking statement suggests that the positive momentum from Q4 is expected to continue, further enhancing Matson's annual performance.

In conclusion, Matson's Q4 earnings surprise has had a profound impact on its annual performance, driving significant growth in operating income, EPS, and revenue. This strong quarter has set a positive tone for the company's future, with expectations of continued growth in the upcoming year.