Alexander & Baldwin, Inc. (ALEX)

Alexander & Baldwin, Inc. operates in transportation, real estate, and agribusiness industries primarily in Hawaii. Its Transportation segment provides ocean transportation services through the carriage of containerized freights between the United States Pacific Coast, Hawaii, Guam, China, and other Pacific island ports, as well as offers terminal and stevedoring services at the U.S. Pacific Coast facilities. This segment also provides domestic and international rail intermodal service, long-haul and regional highway brokerage, specialized hauling, flat-bed and project work, less-than-truckload, expedited/air freight services, and warehousing and distribution services. The company’s Real Estate segment engages in the development and sale of land, commercial, and residential properties. As of December 31, 2007, it owned approximately 89,480 acres, consisting of approximately 89,120 acres in Hawaii and approximately 360 acres on the mainland, including retail, office, and industrial properties. Its Agribusiness segment produces bulk raw sugar, specialty food-grade sugars, and molasses; produces, markets, and distributes roasted coffee and green coffee; provides general trucking services, mobile equipment maintenance and repair services, and self-service storage in Hawaii and generates and sells electricity. The company was founded in 1870 and is headquartered in Honolulu, Hawaii

For the nine months ended 30 September 2006, Alexander & Baldwin's revenues decreased less than 1% to $1.20B. Net income from continuning operations decreased 23% to $73.9M. Revenues reflect a decrease in proceeds from real estate segment. Net income also reflects a decrease in gross margins, an increase in interest expenses, higher selling, general & administrative expenses, an increase in service and rental expenditure.