Alexander & Baldwin's CEO Discusses Q4 2011 Results - Earnings Call Transcript

Alexander & Baldwin, Inc. ( ALEX)

Q4 2011 Earnings Call

February 13, 2012 5:00 pm ET


Stanley M. Kuriyama – President & Chief Executive Office

Joel M. Wine – Senior Vice President, Chief Financial Officer and Treasurer

Matthew J. Cox – President, Matson Navigation Company, Inc.

Christopher J. Benjamin – President, A&B Land Group


Sheila Mcgrath – Keefe, Bruyette & Woods, Inc.

Jack Atkins – Stephens, Inc.

Brendan Maiorana – Wells Fargo Securities, LLC

Dean Machado – LionEye Capital Management LLC



Good day, ladies and gentlemen, and welcome to Fourth Quarter and Full-Year 2011 Alexander & Baldwin Earnings Conference Call. My name is Jeremy, and I will be your operator for today. At this time, all participants are in listen-only mode. Later, we will conduct a question-and-answer session (Operator Instructions).

I would now like to turn the conference over to your host for today, Ms. Suzy Hollinger, Director of Investor Relations. Please proceed ma’am.

Suzy P. Hollinger

Thank you, Jeremy. Aloha and welcome to Alexander & Baldwin’s fourth quarter and full-year 2011 earnings call. On the call with me today are Stan Kuriyama, A&B's President and CEO; Joel Wine, A&B's CFO; Matt Cox, President of Matson Navigation Company; and Chris Benjamin, President of A&B Land Group.

Before we commence, please note that statements in this call and presentation that set forth expectations or predictions are based on facts and situations that are known to us as of today, February 13, 2012. Actual results may differ materially due to risks and uncertainties, such as those described on pages 17 through 25 of our 2010 Form 10-K and our other subsequent filings with the SEC.

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