Alexander & Baldwin, Inc. (NYSE:ALEX) Q2 2023 Earnings Conference Call July 27, 2023 5:00 PM ET

Company Participants

Steve Swett – Investor Relations

Lance Parker – Chief Executive Officer

Clayton Chun – Chief Financial Officer

Kit Millan – Senior Vice President-Asset Management

Conference Call Participants

Alexander Goldfarb – Piper Sandler

Mitch Germain – JMP Securities

Operator

Good afternoon, and welcome to the Alexander & Baldwin Second Quarter 2023 Earnings Conference Call. All participants will be in a listen-only mode. [Operator Instructions] Please note that today’s event is being recorded.

I would now like to turn the conference over to Steve Swett of Investor Relations. Please go ahead, sir.

Steve Swett

Thank you. Aloha, and welcome to our call to discuss Alexander & Baldwin’s second quarter 2023 earnings. With me today for our earnings call are A&B’s Chief Executive Officer, Lance Parker; and our Chief Financial Officer, Clayton Chun. We’re also joined by Kit Millan, Senior Vice President of Asset Management, who is available to participate in the Q&A portion of the call.

During our call, please refer to our second quarter 2023 supplemental information available on our website at investors.alexanderbaldwin.com/supplements.

Before we commence, please note that the statements in this call that are not historical facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that involve a number of risks and uncertainties that could cause actual results to differ materially from those contemplated by the relevant forward-looking statements. These forward-looking statements include, but are not limited to, statements regarding possible or assumed future results of operations, business strategies, growth opportunities and competitive positions. Such forward-looking statements speak only as of the date the statements were made and are not guarantees of future performance. Forward-looking statements are subject to a number of risks, uncertainties, assumptions and other factors that could cause actual results and the timing of certain events that differ materially from those expressed in or implied by the forward-looking statements.

These factors include, but are not limited to, prevailing market conditions and other factors related to the company’s REIT status and the company’s business results of operations, liquidity and financial condition and the evaluation of alternatives by the company related to its Materials & Construction business as well as other factors discussed in the company’s most recent Form 10-K, Form 10-Q and other filings with the SEC. The information in this call and presentation should be evaluated in light of these important risk factors. We do not undertake any obligation to update the company’s forward-looking statements.