secwatch.observer — SEC 8-K summary
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Issuer:     MAUI LAND & PINEAPPLE CO INC (MLP)
CIK:        0000063330
Form:       8-K
Filed at:   2023-03-24T23:59:59+00:00
Accession:  0001437749-23-007692
Event type: earnings
Sentiment:  positive
Materiality: 0.55
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/63330/000143774923007692/0001437749-23-007692-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/63330/000143774923007692/mlp20230321_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-007692

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer