Last $36.96 USD
Change Today -0.51 / -1.36%
Volume 187.7K
As of 8:04 PM 09/23/14 All times are local (Market data is delayed by at least 15 minutes).

alexander & baldwin inc (ALEX) Snapshot

Open
$37.32
Previous Close
$37.47
Day High
$37.66
Day Low
$36.82
52 Week High
03/25/14 - $45.16
52 Week Low
09/30/13 - $35.11
Market Cap
1.8B
Average Volume 10 Days
202.9K
EPS TTM
$0.58
Shares Outstanding
48.7M
EX-Date
08/7/14
P/E TM
63.8x
Dividend
$0.16
Dividend Yield
0.43%
Current Stock Chart for ALEXANDER & BALDWIN INC (ALEX)

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alexander & baldwin inc (ALEX) Details

Alexander & Baldwin, Inc., together with its subsidiaries, primarily provides real estate development and leasing services. The company operates through four segments: Real Estate Development and Sales, Real Estate Leasing, Natural Materials and Construction, and Agribusiness. The Real Estate Development and Sales segment is involved in the stewardship, planning, entitlement, development, and sale of land, and commercial and residential properties principally in Hawaii. The Real Estate Leasing segment owns, operates, and manages retail, office, and industrial properties in Hawaii and on the Mainland, as well as leases land in Hawaii. The Natural Materials and Construction segment mines, processes, and sells basalt aggregate; imports sand and aggregates for sale and use; imports and markets liquid asphalt; manufactures and markets asphaltic concrete; manufactures and supplies precast/prestressed concrete products; provides and markets various construction- and traffic-control-related products and services; and performs asphalt paving as prime contractor and subcontractor. The Agribusiness segment produces bulk raw sugar, specialty food grade sugars, and molasses; markets and distributes specialty food-grade sugars; provides general trucking services, and mobile equipment maintenance and repair services; leases agricultural land to third parties; and generates and sells electricity, as well as provides raw sugar marketing and transportation services. The company was formerly known as A & B II, Inc. and changed its name to Alexander & Baldwin, Inc. in June 2012. Alexander & Baldwin, Inc. was founded in 1870 and is headquartered in Honolulu, Hawaii.

1,446 Employees
Last Reported Date: 03/3/14
Founded in 1870

alexander & baldwin inc (ALEX) Top Compensated Officers

Chairman and Chief Executive Officer
Total Annual Compensation: $1.0M
President, Chief Operating Officer and Presid...
Total Annual Compensation: $683.8K
Chief Financial Officer, Senior Vice Presiden...
Total Annual Compensation: $471.4K
Chief Legal Officer and Senior Vice President
Total Annual Compensation: $429.0K
Senior Vice President of Government & Communi...
Total Annual Compensation: $362.4K
Compensation as of Fiscal Year 2013.

alexander & baldwin inc (ALEX) Key Developments

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.

Alexander & Baldwin, Inc., Q2 2014 Earnings Call, Aug 07, 2014

Alexander & Baldwin, Inc., Q2 2014 Earnings Call, Aug 07, 2014

Alexander & Baldwin, Inc. Declares Third Quarter 2014 Dividend, Payable on September 4, 2014

The Board of Directors of Alexander & Baldwin, Inc. approved a third quarter 2014 dividend of $0.04 per share. The dividend is payable on September 4, 2014 to shareholders of record as of the close of business on August 11, 2014.

 

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Industry Analysis

ALEX

Industry Average

Valuation ALEX Industry Range
Price/Earnings 90.6x
Price/Sales 3.6x
Price/Book 1.5x
Price/Cash Flow 26.3x
TEV/Sales 2.2x
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