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Alexander & Baldwin, Inc. (A&B)
TickerALEX

www.alexanderbaldwin.com

822 Bishop Street
Honolulu, HI  96813-3924
USA
Phone808.525.6611
Fax808.525.6652

Company Information
Company Information
IndustryTransportation Services (including bus, limousine)
  
# of Employees2197
  
OwnershipPublic Company
  
  
Company Security Requirements1. Very High
  
Company Storage Requirements1. Very High
  
Fortune 1000 Rank946
Description
Alexander & Baldwin, Inc. (A&B) is a diversified corporation with most of its operations centered in Hawaii. The business industries of A&B are Transportation, Real Estate and Food Products. Transportation business consists of carrying freight; chartering vessels to third parties; arranging intermodal and motor carrier services and providing logistics services, and providing terminal, stevedoring and container equipment maintenance services. Real Estate business includes purchasing, developing, selling, managing, leasing and investing in commercial and residential properties. Food Products business includes growing sugar cane and coffee; producing bulk raw sugar, specialty food-grade sugars, molasses and green coffee; marketing and distributing roasted coffee and green coffee; providing sugar, petroleum and molasses hauling, general trucking services, mobile equipment maintenance and repair services, and self-service storage in Hawaii, and generating and selling electricity.


Top Executives
Executive NameTitle
Andrasick, JamesPresident, Chief Executive Officer Of Matson
Benjamin, ChristopherChief Financial Officer, Senior Vice President, Treasurer
Buelsing, NorbertExecutive Vice President ,Property Management
Chun, NelsonSenior Vice President, Chief Legal Officer
Cox, MatthewChief Operating Officer, Executive Vice President
Doane, AllenChairman Of The Board, President, Chief Executive Officer
Holaday, GPresident
Holaday, StephenPresident - Agribusiness
Kuriyama, StanleyCEO And Vice Chairman Of A & B Properties, Inc., President And CEO Officer
Sasaki, RobertPresident ,Properties
      
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Recent Company Events
DateType of EventDetails
2008-02-05Earnings/DividendsHONOLULU--(BUSINESS WIRE)--Alexander & Baldwin, Inc. (NASDAQ:ALEX) today reported that net income for the full year 2007 was $142.2 million, or $3.30 per fully diluted share. Net income for the full year 2006 was $122.5 million, or $2.81 per fully diluted share. Revenue for the full year 2007 was $1,680.6 million, compared with revenue of $1,599.9 million for the full year 2006.

Net income for the fourth quarter of 2007 was $36.4 million, or $0.85 per fully diluted share. Net income in the fourth quarter of 2006 was $27.0 million, or $0.63 per fully diluted share. Revenue for the fourth quarter of 2007 was $435.9 million, compared with revenue of $404.1 million in the same period of 2006.

COMMENTS ON QUARTER & OUTLOOK

2007 was a very good year for Alexander & Baldwin as we surpassed the financial performance objectives the Company had established at the beginning of the year. This was accomplished despite an economic environment that became more challenging as the year progressed. Our real estate business achieved an exceptional 26 percent increase in operating profit while our transportation business realized an outstanding 17 percent increase. Although breakeven results in Agribusiness were disappointing, we ended the year with a diversified earnings base and a strong balance sheet, which will position us well for what is likely to be a choppier environment in 2008.

The Ocean Transportation business segment posted a very strong 20 percent increase in operating profit for the full year, which reflects the continuing positive impact of Matsons China service and the emerging earnings growth of our Guam carriage. Matsons ships from China sailed essentially full throughout the year as container volume increased 57 percent, and we solidified our position in international shipping circles as a go to source for reliable and fast transpacific service. In Matsons Hawaii Service, we continue to focus on cargo mix, yield enhancement and cost containment initiatives to offset the lower container and auto volume realized in 2007. A modest improvement in operating profit in the fourth quarter, compared with 2006, was achieved as Matson was able to offset a net increase in fuel costs (after surcharges) through higher volume in the China/Guam service, and through improved yields and cargo mix.

The Logistics segment produced another positive year, with operating profit improving by 5 percent to $21.8 million, despite lower volume. The year-over-year increase resulted from an expansion of gross margin in key highway segments and improved collection efforts. The changing industry landscape and, in particular, a reduction in Matson Integrated Logistics intermodal volume, resulted in a decrease of $1.0 million in operating profit for the fourth quarter of 2007 versus the same period of 2006. While this trend presents challenges, it reinforces the value of our growing highway focus. Highway carriage, as a percentage of total volume, has more than tripled in the past four years.

The Agribusiness segment, which represents approximately 7 percent of the Companys assets, was impacted by very low sugar production. However, our coffee plantation and power generation activities operated profitably and offset the impact from the lower sugar production, resulting in a breakeven year.

For the year, our Real Estate Leasing segment posted record operating profit of $51.6 million, an increase of 3 percent over 2006, as the result of sustaining an optimal 97 percent average occupancy for the year. In addition, three well-timed dispositions favorably impacted earnings in the latter half of the year for the Real Estate Sales segment and we were able to reinvest the proceeds into strategic, tax-deferred investments in new warehouse properties, which augment a growing national industrial presence. In the fourth quarter, we posted a small decrease in operating profit due to one-time adjustments made in 2006. Overall, the comme
2008-02-01Earnings/DividendsHONOLULU--(BUSINESS WIRE)--The Board of Directors of Alexander & Baldwin, Inc. (NASDAQ:ALEX) announced a first-quarter 2008 dividend of 29 cents per share, payable on March 6, 2008 to shareholders of record as of the close of business on February 15, 2008.

Alexander & Baldwin, Inc., headquartered in Honolulu, is engaged in ocean transportation and intermodal services, through its subsidiaries, Matson Navigation Company, Inc. and Matson Integrated Logistics, Inc.; in real estate, through A&B Properties, Inc.; and in food products, through Hawaiian Commercial & Sugar Company and Kauai Coffee Company, Inc. Additional information about A&B may be found at its web site: www.alexanderbaldwin.com.



2008-01-15Earnings/DividendsHONOLULU--(BUSINESS WIRE)--Alexander & Baldwin, Inc. (NASDAQ:ALEX) will host a live webcast of its regular quarterly conference call with financial analysts and professional investors on Tuesday, February 5 at 2:00 p.m. EST.

The webcast and call will feature a presentation on operating and financial performance, followed by questions from investors invited to participate in the interactive portion of the discussion. Parties listening via the webcast will be in a listen-only mode.

Company participants in the webcast and call will be: Allen Doane, chairman and chief executive officer; Christopher J. Benjamin, senior vice president, chief financial officer and treasurer; James S. Andrasick, chief executive officer of Matson Navigation; Stanley M. Kuriyama, chief executive officer of A&B Properties and Kevin L. Halloran, vice president of corporate development and investor relations.

Access to the call will be via a link called 2007 Fourth Quarter and Full Year Earnings Call at that date and time on the home page of A&Bs corporate website at www.alexanderbaldwin.com. Approximately three hours after the call, an archived replay will be available on the A&B site. The replay will remain available through February 12, 2008.

The Company plans to release its earnings before the opening of the market on Tuesday, February 5. Upon confirmation that the earnings have been made public, the earnings release also will be available at the A&B website.

Alexander & Baldwin, Inc., headquartered in Honolulu, is engaged in ocean transportation and logistics services through its subsidiaries, Matson Navigation Company, Inc. and Matson Integrated Logistics, Inc.; in real estate, through A&B Properties, Inc.; and in agribusiness, through Hawaiian Commercial & Sugar Company and Kauai Coffee Company, Inc. Additional information about A&B may be found at its web site: www.alexanderbaldwin.com.



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