Associated tags: Kapalua Resort, MLP, NYSE, Maui Land & Pineapple Company, Cryptocurrency, History, Natural Resources
Locations: LAHAINA, HI, US, MAUI, HAWAII, SUNNYVALE, CALIFORNIA, HONOLUA, ALEXANDER, WASHINGTON, MANOA
Employment,
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MLP,
Wildfire “After more than a century in operation and a multi-year focus on financial stabilization, Maui Land and Pineapple Company entered 2024 debt-free, with a new leadership team and a renewed vision guiding the company’s next chapter,” said CEO Race Randle.
Key Points:
- “After more than a century in operation and a multi-year focus on financial stabilization, Maui Land and Pineapple Company entered 2024 debt-free, with a new leadership team and a renewed vision guiding the company’s next chapter,” said CEO Race Randle.
- Land sale revenue of $1,626,000 in 2023 includes recognition of a land contribution to our first development joint venture in many years, on 31 acres in Hali‘imaile.
- The Company presents Adjusted EBITDA to provide information that may assist investors in understanding its financial results.
- More information about Maui Land & Pineapple Company’s fiscal year 2023 operating results are available in the Form 10-K filed with the Securities and Exchange Commission and posted at mauiland.com.
Retrieved on:
Wednesday, January 3, 2024
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Management “Catherine and Ken embody esteemed leadership and we are honored to add them to our diverse slate of Directors.
Key Points:
- “Catherine and Ken embody esteemed leadership and we are honored to add them to our diverse slate of Directors.
- We look forward to their thoughtful guidance as we chart the course for a future of growth,” said Race Randle, CEO of Maui Land & Pineapple Company.
- He is also a board member of the private equity and real estate company, Tradewind Capital.
- With the addition of Ngo and Ota, Maui Land & Pineapple Company’s Board of Directors will be comprised of seven independent directors of diverse communities with versatile expertise.
Retrieved on:
Monday, November 13, 2023
EBITDA,
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Bookkeeping KAPALUA, Hawaii, Nov. 13, 2023 (GLOBE NEWSWIRE) -- Maui Land & Pineapple Company, Inc. (NYSE: MLP) today reported financial results covering the nine months ended September 30, 2023.
Key Points:
- KAPALUA, Hawaii, Nov. 13, 2023 (GLOBE NEWSWIRE) -- Maui Land & Pineapple Company, Inc. (NYSE: MLP) today reported financial results covering the nine months ended September 30, 2023.
- This, combined with one-time costs related to our leadership transition in 2023 and a strategic pause on land sales, has resulted in a loss for the quarter.
- As we look ahead, our team is advancing the utilization of our entitled properties, filling existing vacancies in our commercial properties, and leasing available agricultural lands for productive use.” – Race Randle, CEO of Maui Land & Pineapple Company.
- Cash and cash investments convertible to cash is a key measure used by the Company to evaluate internal liquidity.
Maui Land & Pineapple Company,
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Collier KAPALUA, Hawaii, Aug. 18, 2023 (GLOBE NEWSWIRE) -- Maui Land & Pineapple Company, Inc. (NYSE: MLP) today reported its second quarter financial results along with a company update after wildfire destruction to the Upcountry area and severe impacts to the nearby town of Lahaina, Maui.
Key Points:
- KAPALUA, Hawaii, Aug. 18, 2023 (GLOBE NEWSWIRE) -- Maui Land & Pineapple Company, Inc. (NYSE: MLP) today reported its second quarter financial results along with a company update after wildfire destruction to the Upcountry area and severe impacts to the nearby town of Lahaina, Maui.
- The report covers the second quarter and six months ended June 30, 2023.
- We are grateful that Maui Land & Pineapple Company team members and assets are safe.
- Over the past four months, Maui Land and Pineapple Company, Inc. has advanced its transition from a focus on stabilization and reduction of liabilities, to a focus on the creation of value for our residents, visitors, and shareholders.
Retrieved on:
Saturday, August 12, 2023
Residential Building & Real Estate,
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Tourism Hawaii-born and raised entrepreneur and philanthropist, Steve Case, announced a $1 million contribution to support communities affected by the wildfires on Maui.
Key Points:
- Hawaii-born and raised entrepreneur and philanthropist, Steve Case, announced a $1 million contribution to support communities affected by the wildfires on Maui.
- In addition, Maui Land & Pineapple , where Case is the majority investor, has announced a series of steps, detailed below, to provide on island support, as well as a long-term commitment to assist in Maui’s rebuilding efforts.
- “The destruction and loss on Maui is devastating to watch, and the impact on communities such as Lahaina is tragic,” said Case.
- Its focus has been on supporting philanthropic efforts on Kaua’i, but the crisis on Maui requires support from across the state.
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Archstone KAPALUA RESORT, Hawaii, May 11, 2023 (GLOBE NEWSWIRE) -- Maui Land & Pineapple Company, Inc. (NYSE: MLP) today reported financial results for the quarter ended March 31, 2023.
Key Points:
- KAPALUA RESORT, Hawaii, May 11, 2023 (GLOBE NEWSWIRE) -- Maui Land & Pineapple Company, Inc. (NYSE: MLP) today reported financial results for the quarter ended March 31, 2023.
- “Maui Land & Pineapple Company owns and operates a portfolio of over 22,000 acres of land, iconic commercial assets, and world class resort properties,” said Race Randle, CEO, Maui Land & Pineapple Company.
- Maui Land & Pineapple Company completed a leadership transition effective April 1, 2023, by appointing Race Randle as chief executive officer and Scot Sellers as chairperson of the board of directors.
- Maui Land & Pineapple Company established the Pu‘u Kukui Watershed Preserve in 1988, committing to protect in perpetuity significant watershed, endangered species, and native ecosystem resources.
In the fourth quarter of 2022, the Company successfully completed a pension lift-out of approximately 45% of its total pension plan participants.
Key Points:
- In the fourth quarter of 2022, the Company successfully completed a pension lift-out of approximately 45% of its total pension plan participants.
- In May 2022, the Company sold a 646-acre parcel located in Kula, known as Omaopio, in the amount of $9.6 million.
- Based on these collective 2022 results, total stockholders’ equity increased by $10.3 million to $33.8 million from $23.6 million for the years ended December 31, 2022 and 2021, respectively.
- Additional information with respect to Maui Land & Pineapple Company, Inc. and our 2022 operating results will be available on our Form 10-K filed with the Securities and Exchange Commission and our website www.mauiland.com .
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Archstone KAPALUA, Hawai‘i, March 20, 2023 (GLOBE NEWSWIRE) -- Maui Land & Pineapple (NYSE: MLP) announced today the appointment of Race Randle as CEO and Scot Sellers as Chairman, effective April 1, 2023.
Key Points:
- KAPALUA, Hawai‘i, March 20, 2023 (GLOBE NEWSWIRE) -- Maui Land & Pineapple (NYSE: MLP) announced today the appointment of Race Randle as CEO and Scot Sellers as Chairman, effective April 1, 2023.
- “I am honored to return home to Hawai‘i and lead one of Maui’s most storied companies,” said incoming CEO Race Randle.
- Race has deep community ties and serves on the Hawai‘i advisory board for Trust for Public Land.
- I look forward to seeing what MLP will do next under Race’s leadership to advance our shared mission of connecting everyone to the outdoors and ensuring Maui families can thrive in healthy, livable communities for generations to come.”
Retrieved on:
Wednesday, November 2, 2022
KAPALUA RESORT, Hawaii, Nov. 02, 2022 (GLOBE NEWSWIRE) -- Maui Land & Pineapple Company, Inc. (NYSE: MLP) (the "Company") reported a net loss of $124,000, or $0.01 per share, for the third quarter of 2022, compared to a net loss of $139,000, or $0.01 per share, for the third quarter of 2021.
Key Points:
- KAPALUA RESORT, Hawaii, Nov. 02, 2022 (GLOBE NEWSWIRE) -- Maui Land & Pineapple Company, Inc. (NYSE: MLP) (the "Company") reported a net loss of $124,000, or $0.01 per share, for the third quarter of 2022, compared to a net loss of $139,000, or $0.01 per share, for the third quarter of 2021.
- Total operating revenues of approximately $2.6 million and $2.4 million were recognized during the three months ended September 30, 2022 and 2021, respectively.
- Additional information with respect to Maui Land & Pineapple Company, Inc. and its operating results will be available on its Form 10-Q filed with the Securities and Exchange Commission and its website www.mauiland.com .
- About Maui Land & Pineapple Company, Inc.
Maui Land & Pineapple Company, Inc. develops, sells, and manages residential, resort, commercial, agricultural and industrial real estate.
