secwatch.observer — SEC 8-K summary
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Issuer:     HAWAIIAN ELECTRIC INDUSTRIES INC (HE)
CIK:        0000354707
Form:       8-K
Filed at:   2023-11-09T23:59:59+00:00
Accession:  0000354707-23-000093
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

HEI Q3 EPS $0.37 vs $0.57 YoY; $27.6M pre-tax Maui wildfire-related costs
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- Consolidated net income $41.1M ($0.37 diluted EPS) vs $62.1M ($0.57) in Q3 2022; core net income $61.5M ($0.56) excludes wildfire costs.
- Hawaiian Electric net income $43.5M vs $49.8M; Q3 included $10M in incremental Maui windstorm and wildfire expenses, plus $7M other O&M.
- ASB net income $11.4M vs $20.8M; $8.6M pre-tax wildfire costs including $5.9M additional credit reserves.
- Holding and other companies net loss $13.7M vs $8.4M loss; $3.8M after-tax wildfire expenses.
- Governor Green announced multi-phase initiative for Maui recovery; HEI supports and will work with state and community.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/354707/000035470723000093/0000354707-23-000093-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/46207/000035470723000093/he-20231109.htm
  HTML page:      https://secwatch.observer/filing/0000354707-23-000093

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