Fri, Apr 25, 8:58 PM (23 days ago)
**Alexander & Baldwin, Inc. (ALEX) Q1 2025 Financial Summary** **Financial Health & Performance:** - **Revenue:** $53.7 million (down 12.2% YoY due to lower land sales). - **Profit Margins:** Operating income increased by 0.8% to $23.98 million. Net income rose by 7.3% to $21.43 million. - **Cash Flow:** Operating cash flow increased by $9.4 million to $25.9 million, driven by commercial real estate operations and land sales. - **Earnings:** Basic and diluted EPS increased by 3.6% to $0.29. - **FFO & Adjusted FFO:** Decreased by 9.8% and 12.7% respectively, to $26.35 million and $22.29 million. **Segment Performance:** - **Commercial Real Estate:** Revenue up 4.4% to $51.0 million. Operating profit increased by 6.6% to $23.4 million. - **Land Operations:** Revenue dropped by 78.3% to $2.7 million due to fewer land sales. Operating profit decreased by 38.9% to $4.9 million. **Key Trends & Uncertainties:** - **Economic Conditions:** General economic conditions and consumer spending patterns may negatively impact operating results. - **Legal Proceedings:** Ongoing litigation related to water rights and permits in Hawaii. - **Debt:** $453.2 million in total debt, with $26.5 million due in the next 12 months. The company is compliant with financial covenants. **Future Operations & Impact:** - **Capital Expenditures:** $4.2 million in capital expenditures, primarily for maintenance and discretionary projects. - **Liquidity:** $16.9 million in cash on hand and $307.0 million available under the revolving credit facility. - **Stock Repurchase:** $100.0 million authorized for stock repurchase, with no shares repurchased in Q1 2025. **Ticker:** ALEX