Alexander & Baldwin, Inc. (NYSE:ALEX) Q4 2023 Earnings Conference Call February 28, 2024 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

Rob Stevenson – Janney

Alexander Goldfarb – Piper Sandler

Mitch Germain – Citizens JMP

Brendan McCarthy – Sidoti

Operator

Good day, and welcome to the Fourth Quarter and Full Year 2023 Alexander & Baldwin Earnings Conference Call. All participants will be in listen-only mode. [Operator Instructions] After today’s presentation, there will be an opportunity to ask questions. [Operator Instructions]

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

Steve Swett

Thank you, Aloha, and welcome to Alexander & Baldwin’s fourth quarter and full year 2023 earnings conference call. With me today are our A&B’s Chief Executive Officer, Lance Parker; and our Chief Financial Officer, Clayton Chun. We 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 fourth quarter 2023 supplemental information available on our website at investors.alexanderbaldwin.com/supplemental. Before we commence, please note that statements in this presentation that are not historical facts are forward-looking statements, within the meeting 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 to the date statements were made and are not guaranteed to 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 to 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 reach status and the company’s business, evaluation of alternatives by the company related to its non-core assets and business and the risk factors discussed in the company’s most recent Form 10-K, Form 10-Q and other filings with the SEC.

Information in this presentation should be evaluated in light of these important risk factors. We do not undertake any obligation to update the forward-looking statements. Management will be referring to non-GAAP financial measures during our call today, please refer to our statement regarding the use of these non-GAAP measures and reconciliations included in our 2023 fourth quarter 2023 supplement information and earnings press release.