Earnings Call Summary | Hawaiian Electric Industries(HE.US) Q1 2024 Earnings Conference
Earnings Call Summary | Hawaiian Electric Industries(HE.US) Q1 2024 Earnings Conference
The following is a summary of the Hawaiian Electric Industries, Inc. (HE) Q1 2024 Earnings Call Transcript:
以下是夏威夷電氣工業公司（HE）2024年第一季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
Hawaiian Electric Industries reported consolidated net income of $42.1 million and earnings per share (EPS) of $0.38 in Q1 2024.
Excluding wildfire-related expenses ($7.2 million after tax), core net income and EPS were $49.3 million and $0.45 respectively.
The decrease in utility net income was primarily due to higher O&M expenses resulting from increased wildfire mitigation costs.
Bank net income benefited from a higher net interest margin attributed to balance sheet repositioning done in the previous quarter and the release of reserves taken following the wildfires.
Consolidated core return on equity remained steady at 9.5%.
夏威夷電氣工業公司報告稱，2024年第一季度的合併淨收入爲4,210萬美元，每股收益（EPS）爲0.38美元。
不包括與野火相關的支出（稅後720萬美元），核心淨收入和每股收益分別爲4,930萬美元和0.45美元。
公用事業淨收入的減少主要是由於野火緩解成本增加導致運維費用增加。
銀行淨收入受益於淨利率的增加，這歸因於上一季度資產負債表的重新定位以及野火後釋放的儲備。
合併核心股本回報率穩定在9.5％。
Business Progress:
業務進展：
Hawaiian Electric continues to make strides in wildfire mitigation and resilience efforts, allocating $120 million for mitigation work in 2024.
Approval was granted for a $190 million grid resilience plan, with ongoing efforts to secure federal funding of $450 million for additional projects.
American Savings Bank witnessed a profitability boost in Q1 due to balance sheet restructuring in Q4 2023.
Initiatives are in place to assist the community in recovering from the Maui Wildfires, including the One 'Ohana initiative targeting affected families and businesses.
The establishment of a new Climate Advisory Team by Governor Josh Green aims to suggest actions to mitigate climate change impacts.
The company is waiting for approval to create an accounts receivable financing facility which could provide added liquidity of up to $250 million.
The company is managing legal claims from approximately 400 plaintiffs in connection to the 'Maui Wildfires', with trials for selected cases scheduled for later in the year.
夏威夷電氣在野火緩解和抗災工作方面繼續取得長足進展，在2024年撥款1.2億美元用於緩解工作。
一項1.9億美元的電網彈性計劃獲得批准，並正在努力確保聯邦政府爲更多項目提供4.5億美元的資金。
由於2023年第四季度的資產負債表重組，美國儲蓄銀行在第一季度實現了盈利能力的提高。
已採取措施幫助社區從毛伊島野火中恢復過來，包括針對受影響家庭和企業的 “One 'Ohana” 計劃。
州長喬什·格林成立了新的氣候諮詢小組，旨在建議減輕氣候變化影響的行動。
該公司正在等待批准創建應收賬款融資機制，該機制可以提供高達2.5億美元的額外流動性。
該公司正在管理大約400名原告提出的與 “毛伊島野火” 有關的法律索賠，部分案件的審判定於今年晚些時候進行。
More details: Hawaiian Electric Industries IR
更多詳情： 夏威夷電氣工業 IR
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
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譯文內容由第三人軟體翻譯。