Maui Land & Pineapple reports net income of $1.8M for FY2022 vs loss of $3.4M in 2021

MAUI LAND & PINEAPPLE CO INC

Revenue rose to $21.0M from $12.4M YoY; net income $0.09 per share vs ($0.18) loss per share.
Comprehensive income $9.2M ($0.47/share) vs $2.6M ($0.13/share) including $7.4M pension gain.
Completed two land sales: Omaopio parcel for $9.6M and Pulelehua parcel for $2.0M.
Executed $40M PSA for 46-acre Kapalua Central parcel; expected close in 2023.
Accrued retirement benefits reduced to $2.8M from $8.1M; company remains debt-free.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

MAUI LAND & PINEAPPLE CO INC reported the year ended December 31, 2022 results: revenue $21.0 million, net income $1.8M, EPS $0.09 per share.

Period: the year ended December 31, 2022
Revenue: $21.0 million
Net income: $1.8M
EPS: $0.09 per share
Result: reported results

Exact text from the filing

The Company’s net income was $1.8M or $0.09 per share, compared to a net loss of $(3.4) million, or $(0.18) per share, for the years ended December 31, 2022 and 2021, respectively. Operating revenues increased to $21.0 million, compared to $12.4 million for the years ended December 31, 2022 and 2021, respectively.

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Source: SEC EDGAR

accession 0001437749-23-007692

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