Alexander & Baldwin Full Year 2023 Earnings: Revenues Beat Expectations, EPS Lags
Alexander & Baldwin (NYSE:ALEX) Full Year 2023 Results
Key Financial Results
Revenue: US$208.9m (down 10.0% from FY 2022).
Net income: US$40.8m (up 11% from FY 2022).
Profit margin: 20% (up from 16% in FY 2022). The increase in margin was driven by lower expenses.
EPS: US$0.56 (up from US$0.51 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Alexander & Baldwin Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 6.5%. Earnings per share (EPS) missed analyst estimates by 6.8%.
Looking ahead, revenue is forecast to stay flat during the next 2 years compared to a 3.5% growth forecast for the REITs industry in the US.
Performance of the American REITs industry.
The company's shares are down 5.5% from a week ago.
Risk Analysis
You should always think about risks. Case in point, we've spotted 2 warning signs for Alexander & Baldwin you should be aware of, and 1 of them is concerning.
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