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:
以下是夏威夷电气工业公司（HE）2024年第一季度财报电话会议记录摘要：
Financial Performance:
财务业绩：
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%.
夏威夷电气工业公司报告称，2024年第一季度的合并净收入为4,210万美元，每股收益（EPS）为0.38美元。
不包括与野火相关的支出（税后720万美元），核心净收入和每股收益分别为4,930万美元和0.45美元。
公用事业净收入的减少主要是由于野火缓解成本增加导致运维费用增加。
银行净收入受益于净利率的增加，这归因于上一季度资产负债表的重新定位以及野火后释放的储备。
合并核心股本回报率稳定在9.5％。
Business Progress:
业务进展：
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.
夏威夷电气在野火缓解和抗灾工作方面继续取得长足进展，在2024年拨款1.2亿美元用于缓解工作。
一项1.9亿美元的电网弹性计划获得批准，并正在努力确保联邦政府为更多项目提供4.5亿美元的资金。
由于2023年第四季度的资产负债表重组，美国储蓄银行在第一季度实现了盈利能力的提高。
已采取措施帮助社区从毛伊岛野火中恢复过来，包括针对受影响家庭和企业的 “One 'Ohana” 计划。
州长乔什·格林成立了新的气候咨询小组，旨在建议减轻气候变化影响的行动。
该公司正在等待批准创建应收账款融资机制，该机制可以提供高达2.5亿美元的额外流动性。
该公司正在管理大约400名原告提出的与 “毛伊岛野火” 有关的法律索赔，部分案件的审判定于今年晚些时候进行。
More details: Hawaiian Electric Industries IR
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译文内容由第三方软件翻译。