Alexander and Baldwin Inc
Business Description
Alexander & Baldwin Inc is a Hawaii-based company that specializes in real estate development, agriculture, and materials and construction. It was founded in 1870 by Samuel Thomas Alexander and Henry Perrine Baldwin as a sugar plantation company, but over the years, it has diversified into other areas of business.
Real Estate Development: Alexander & Baldwin*s real estate development segment is focused on creating sustainable, master-planned communities and commercial properties in Hawaii. The company plans and develops large-scale, mixed-use properties that include residential, retail, and commercial components. One of their most notable developments is the Maui Business Park, a 463-acre parcel of land that provides space for light industrial and commercial businesses.
Agriculture: The company has been involved in agriculture since its founding and still operates approximately 29,000 acres of farmland in Hawaii. Its main crops are sugarcane, coffee, and macadamia nuts. They also operate farms that produce fresh vegetables and fruits that are sold in local supermarkets.
Materials and Construction: Alexander & Baldwin is involved in the production and sale of various construction materials such as asphalt, concrete, and aggregates. It also provides services such as paving, drilling, and grading.
Leadership: Alexander & Baldwin is led by a team of executives, including President and CEO Chris Benjamin, CFO Brett Brown, and Chief Legal Officer Joel Wine. The company has a board of directors that oversees its operations.
Corporate Responsibility: Alexander & Baldwin emphasizes corporate responsibility, including sustainable development practices and community involvement. It has been recognized for its efforts to reduce waste, conserve natural resources, and promote social equity. The company also partners with local nonprofits to support education, health, and environmental causes.
Financials: As of 2021, Alexander & Baldwin had a market capitalization of approximately $1.5 billion. In 2020, the company reported revenue of $434.6 million and net income of $43 million. It has a solid credit rating and has maintained a consistent dividend payout to its shareholders.
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