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Alexander & Baldwin, Inc. (NYSE:ALEX ) Q1 2024 Earnings Conference Call April 25, 2024 5:00 PM ET Company Participants Jessica Welch - Senior Manager of Financial Reporting Lance Parker - CEO Clayton Chun - CFO Kit Millan - SVP, Asset Management Conference Call Participants Rob Stevenson - Janney Connor Mitchell - Piper Sandler & Co. Mitch Germain - Citizens JMP Brendan McCarthy - Sidoti Operator Good day, and welcome to the First Quarter 2024 Alexander & Baldwin Earnings Conference Call. [Operator Instructions] This call is being recorded on Thursday, April 25, 2024.
ASO, ALEX and AAGIY have been added to the Zacks Rank #5 (Strong Sell) List on April 23, 2024.
U.S. equity markets posted their worst week in a year while benchmark interest rates surged to five-month highs as investors monitored an intensification of geopolitical tensions and hawkish Fed commentary. Inflamed by resurgent energy prices and insatiable Federal government spending, Fed Chair Powell and other officials acknowledged a stalling-out of inflation progress in recent months and delayed cut expectations. Declining on all five trading sessions, the S&P 500 declined another 3.1% this week - its worst week since March 2023 - while high-flying technology stocks were hit particularly hard.
AFCG, AAGIY and ALEX have been added to the Zacks Rank #5 (Strong Sell) List on April 18, 2023.
ALEX, CSCO and NXST have been added to the Zacks Rank #5 (Strong Sell) List on March 11, 2024.
Alexander & Baldwin, Inc. (ALEX) Q4 2023 Earnings Call Transcript
While the top- and bottom-line numbers for Alexander & Baldwin Holdings, Inc. (ALEX) give a sense of how the business performed in the quarter ended December 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Alexander & Baldwin Holdings, Inc. (ALEX) came out with quarterly funds from operations (FFO) of $0.29 per share, beating the Zacks Consensus Estimate of $0.27 per share. This compares to FFO of $0.31 per share a year ago.
ALEX, CHRD and FIHL have been added to the Zacks Rank #5 (Strong Sell) List on January 5, 2024.
ALEX, BASFY and FVCB have been added to the Zacks Rank #5 (Strong Sell) List on November 21, 2023.