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Last $39.41 USD
Change Today -0.22 / -0.56%
Volume 118.0K
As of 8:04 PM 07/2/15 All times are local (Market data is delayed by at least 15 minutes).

alexander & baldwin inc (ALEX) Key Developments

Alexander & Baldwin, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Provides Earnings Guidance for the Year 2015

Alexander & Baldwin, Inc. reported unaudited consolidated earnings results for the first quarter ended march 31, 2015. For the quarter, the company’s total revenue was $150.7 million against $94.8 million a year ago. Total operating profit was $54.3 million against $14.3 million a year ago. Income from continuing operations before income taxes was $41.5 million against $1.9 million a year ago. Income from continuing operations was $25.9 million against $1.1 million a year ago. Net income attributable to the company’s shareholders was $25.3 million against $35.0 million a year ago. Diluted earnings per share attributable to shareholders from continuing operations were $0.51 against $0.01 a year ago. Diluted earnings per share attributable to shareholders from net income were $0.51 against $0.71 a year ago. Cash flows from in operating activities were $26.8 million against cash flows used in operating activities of $29.4 million a year ago. Capital expenditures for property, plant and equipment was $8.6 million against $8.5 million a year ago. These favorable results were driven by three primary factors: Strong development sales, including the closeout of its Waihonua condominium project and the sale of its 4-acre Maui Business Park partial and 2 Kahala Avenue properties; a 12% improvement in Leasing due to improved same-store performance and the acquisition of Kakaako Commerce Center in December of 2014; and improved results from the Materials & Construction segment. For the year 2015, the company expects the positive trend in same-store performance to continue through 2015, and the company expects good about its full year 2015 projection for NOI growth of between 6% and 8%. For the balance of the year, the company is projecting $113 million in investment capital, primarily for investment in ongoing development projects and undesignated investment in new projects.

Alexander & Baldwin, Inc. to Report Q1, 2015 Results on May 07, 2015

Alexander & Baldwin, Inc. announced that they will report Q1, 2015 results at 5:00 PM, US Eastern Standard Time on May 07, 2015

Alexander & Baldwin, Inc., Q1 2015 Earnings Call, May 07, 2015

Alexander & Baldwin, Inc., Q1 2015 Earnings Call, May 07, 2015

Alexander & Baldwin, Inc. Declares Dividend for the Second Quarter of 2015, Payable on June 4, 2015

The Board of Directors of Alexander & Baldwin, Inc. approved a second quarter 2015 dividend of $0.05 (5 cents) per share. The dividend is payable on June 4, 2015 to shareholders of record as of the close of business on May 11, 2015.

Alexander & Baldwin, Inc. Announces Board Changes

Alexander & Baldwin announced that Jenai Sullivan Wall, chairman and chief executive officer of Foodland Super Market Ltd. (Foodland), has been elected to the A&B board of directors. Wall replaces Jeffrey Watanabe, who, after 12 years of service on the A&B board, has reached the board's mandatory retirement age of 72. Since 1998, Wall has served as the chairman and chief executive officer of Foodland Super Market Ltd. She also serves as chief executive officer of the other entities that comprise the Sullivan Family of Companies, including Food Pantry Ltd., Kalama Beach Corporation, and The Coffee Bean and Tea Leaf Hawaii. Foodland and The Sullivan Family of Companies employ over 4,000 individuals. Wall, also serves as chair of 'Iolani School's board of governors, and is a director of First Hawaiian Bank, Servco Pacific, Inc., and the Queen's Health System.

 

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ALEX

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Valuation ALEX Industry Range
Price/Earnings 37.6x
Price/Sales 3.1x
Price/Book 1.6x
Price/Cash Flow 37.2x
TEV/Sales 2.0x
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