Hawaiian Electric Industries, Inc. (N:HE)
Business Focus: Electric Utilities
| Sector: Utilities | Industry: Electric Utilities |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 1001 Bishop St, Ste 2900 HONOLULU HI 96813-3480 |
| Tel: | N/A |
| Website: | https://www.hei.com |
| IR: | See website |
| Key People | ||
| Scott W.H. Seu President, Chief Executive Officer, Director | Scott Deghetto Executive Vice President, Chief Financial Officer, Treasurer | Shelee M. T. Kimura Hawaiian Electric President and Chief Executive Officer |
| Ann C. Teranishi President, Chief Executive Office and Director of American Savings Bank | Kurt K. Murao Executive Vice President, Chief Administrative Officer, General Counsel, Corporate Secretary | |
| Business Overview |
| Hawaiian Electric Industries, Inc. is a holding company with its subsidiaries principally engaged in electric utility, banking, and non-regulated renewable/sustainable infrastructure businesses operating in the State of Hawaii. The Company's segments include Electric utility, Bank, and Other. The Electric Utility segment provides essential electric service to Hawaii's population through the operation of five separate grids that serve communities on the islands of Oahu, Hawaii, Maui, Lanai and Molokai. The Bank segment provides a range of banking and other financial services to Hawaii consumers and businesses. The Bank segment is also engaged in lending activities, which include origination, purchase and sale of loans, residential mortgage lending, construction and development lending, multifamily residential and commercial real estate lending. The Other segment comprises Pacific Current, which invests in non-regulated clean energy and sustainable infrastructure in the State of Hawaii. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Hawaiian Electric Industries, Inc. revenues decreased 2% to $3.68B. Net income applicable to common stockholders decreased 17% to $199.2M. Revenues reflect Electric Utility segment decrease of 4% to $3.27B. Net income also reflects Loss on sales of investment securities a decrease from $8.1M (income) to $15.6M (expense), Interest expenseother than on deposit li increase of 21% to $125.5M (expense). |
| Employees: | 3,597 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $4,494M as of Dec 31, 2023 |
| Annual revenue (TTM): | $3,682M as of Dec 31, 2023 |
| EBITDA (TTM): | $620.30M as of Dec 31, 2023 |
| Net annual income (TTM): | $199.24M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$11.67M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $3,252M as of Dec 31, 2023 |
| Shares outstanding: | 110,302,667 as of Mar 8, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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