Alexander & Baldwin

Alexander & Baldwin

Alexander & Baldwin

Company type	Public
Traded as	NYSE: ALEX
Industry	Real Estate, Agriculture, Transportation
Founded	1870
Founder	Samuel Thomas Alexander, Henry Perrine Baldwin
Key people	Chris Benjamin (CEO)
Revenue	$425.3 million (2019)
Operating income	$45.7 million (2019)
Net income	$28.4 million (2019)
Total assets	$2.1 billion (2019)
Number of employees	1,000 (2019)
Website	alexanderbaldwin.com

Alexander & Baldwin (A&B) is a publicly traded company listed on the New York Stock Exchange under the ticker symbol "ALEX". It is a diversified corporation with operations in real estate, agriculture, and transportation. The company was founded in 1870 by Samuel Thomas Alexander and Henry Perrine Baldwin and is headquartered in Honolulu, Hawaii, United States. Chris Benjamin currently serves as the CEO of Alexander & Baldwin.

History

Alexander & Baldwin was established in 1870 when Samuel Thomas Alexander and Henry Perrine Baldwin formed a partnership to cultivate sugarcane on the Hawaiian island of Maui. Over the years, the company expanded its operations and diversified into various industries.

In the early 20th century, Alexander & Baldwin played a significant role in the development of Hawaii's sugar industry. The company acquired several sugar plantations and mills, becoming one of the largest sugar producers in the state. However, with the decline of the sugar industry in the late 20th century, Alexander & Baldwin shifted its focus to other sectors.

Operations

Real Estate

Alexander & Baldwin is involved in real estate development and management. The company owns and operates a diverse portfolio of commercial properties, including retail centers, office buildings, and industrial parks. It also engages in residential development, constructing and selling homes and condominiums.

Agriculture

A&B has a long history in agriculture, particularly in the cultivation of sugarcane. While the company no longer operates sugar plantations, it has diversified its agricultural operations. Alexander & Baldwin currently focuses on leasing its agricultural lands to third-party farmers for various crops, including coffee, macadamia nuts, and diversified agriculture.

Transportation

The transportation division of Alexander & Baldwin primarily operates through its subsidiary, Matson, Inc. Matson is a leading provider of ocean transportation services in the Pacific. It offers container shipping, logistics, and terminal services, connecting Hawaii, Alaska, Guam, Micronesia, and other Pacific islands with the mainland United States.

Financial Performance

In 2019, Alexander & Baldwin reported a revenue of $425.3 million, operating income of $45.7 million, and net income of $28.4 million. The company's total assets were valued at $2.1 billion. As of 2019, Alexander & Baldwin employed approximately 1,000 people.

See Also

• Samuel Thomas Alexander
• Henry Perrine Baldwin
• Matson, Inc.

External Links

• Official website