Last $40.03 USD
Change Today -0.47 / -1.16%
Volume 281.6K
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As of 4:15 PM 12/22/14 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 Third Quarter and Nine Months Ended September 30, 2014

Alexander & Baldwin, Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, total revenue was $153.4 million against $64.8 million a year ago. Total operating profit was $22.1 million against $6.2 million a year ago. Loss from continuing operations before income taxes was $4.1 million against $3.4 million a year ago. Income from continuing operations was $10.8 million or $0.21 per diluted share against loss from continuing operations of $2.8 million or $0.06 per diluted share a year ago. Net income attributable to the company's shareholders was $10.2 million or $0.21 per diluted share against $4.4 million or $0.10 per diluted share a year ago. Adjusted net income was $10.2 million or $0.21 per diluted share against $5.6 million or $0.13 per diluted share a year ago. For the nine months, total revenue was $395.1 million against $160.3 million a year ago. Total operating profit was $64.8 million against $30.0 million a year ago. Income from continuing operations before income taxes was $14.6 million against $2.3 million a year ago. Income from continuing operations was $20.5 million or $0.38 per diluted share against $0.2 million or nil per diluted share a year ago. Net income attributable to the company's shareholders was $52.8 million or $1.07 per diluted share against $14.4 million or $0.33 per diluted share a year ago. Cash flows from in operating activities was $3.3 million against negative cash flows from in operating activities was $109.4 million a year ago. Capital expenditures for property, plant and equipment was $27.3 million against $102.9 million a year ago. Adjusted net income was $52.8 million or $1.07 per diluted share against $17.2 million or $0.39 per diluted share a year ago.

Alexander & Baldwin, Inc. to Report Q3, 2014 Results on Nov 05, 2014

Alexander & Baldwin, Inc. announced that they will report Q3, 2014 results at 5:00 PM, US Eastern Standard Time on Nov 05, 2014

Alexander & Baldwin, Inc., Q3 2014 Earnings Call, Nov 05, 2014

Alexander & Baldwin, Inc., Q3 2014 Earnings Call, Nov 05, 2014

Alexander & Baldwin, Inc. Declares Fourth Quarter 2014 Dividend, Payable on December 4, 2014

The Board of Directors of Alexander & Baldwin, Inc. approved an increase in the fourth quarter 2014 dividend from $0.04 per share to $0.05 per share. The fourth quarter dividend is payable on December 4, 2014 to shareholders of record as of the close of business on November 10, 2014.

Alexander & Baldwin, Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Alexander & Baldwin, Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company announced total revenue of $146.7 million compared to $62.6 million for the same period a year ago. Total operating profit was $28.2 million compared to $14.3 million for the same period a year ago. Income from continuing operations before income taxes was $16.7 million compared to $5.2 million for the same period a year ago. Income from continuing operations was $10.2 million or $0.19 per basic and diluted share compared to $2.6 million or $0.06 per basic and diluted share for the same period a year ago. Net income attributable to company was $9.2 million or $0.19 per basic and diluted share compared to $5.0 million or $0.11 per basic and diluted share for the same period a year ago. Adjusted net income was $9.2 million compared to $6.5 million for the same period a year ago. Diluted earnings per share based on adjusted net income were $0.19 compared to $0.15 for the same period a year ago. NOI for the quarter was $19.6 million, a 19.5% improvement over the second quarter of 2013. Both operating profit and NOI benefited from the expansion of the portfolio through Hawaii retail assets acquired in 2013, as well as improved performance from Mainland office properties. Improved performance for the quarter was from 2 real estate segments and the addition of $8 million of operating profit from Grace Pacific drove these results and offset the $8 million year-over-year decline in Agribusiness earnings. For the six months, the company announced total revenue of $241.7 million compared to $95.5 million for the same period a year ago. Total operating profit was $42.7 million compared to $24.1 million for the same period a year ago. Income from continuing operations before income taxes was $18.7 million compared to $5.9 million for the same period a year ago. Income from continuing operations was $9.7 million or $0.17 per basic and diluted share compared to $3.1 million or $0.07 per basic and diluted share for the same period a year ago. Net income attributable to company was $42.6 million or $0.87 per basic and diluted share compared to $10 million or $0.23 per basic and diluted share for the same period a year ago. Net cash used in operating activities was $20.6 million compared to $16.8 million for the same period a year ago. Total capital expenditures were $19.7 million compared to $13.1 million for the same period a year ago. Adjusted net income was $42.6 million compared to $12.5 million for the same period a year ago. Diluted earnings per share based on adjusted net income were $0.87 compared to $0.29 for the same period a year ago.

 

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