Alexander & Baldwin Inc. on Thursday reported net income of $8.7 million, or 12 cents per diluted share, compared to net income of $47.4 million, or 66 cents per diluted share, for the same period last year.
Honolulu-based Alexander & Baldwin (NYSE: ALEX) reported total operative revenue of $129.4 million, compared to $113.3 million in the first quarter of 2018.
A&B President and CEO Chris Benjamin told analysts that the company has deployed 100 percent of the proceeds from the $262 million sale…
