November 19, 2017

HAWAIIAN ELECTRIC INDUSTRIES
HEI Reports First Quarter 2017 Earnings

May 8, 2017

Hawaiian Electric Industries, Inc. (HEI) (NYSE - HE) reported consolidated net income for common stock for the first quarter of 2017 of $34.2 million and diluted earnings per share (EPS) of $0.31 compared to $32.4 million and EPS of $0.30 for the first quarter of 2016.  Core earnings1 were $34.2 million and core EPS1 of $0.31 in the first quarter of 2017 compared to $35.3 million and $0.33, respectively, in the first quarter of 2016.

"Our utilities continue to be leaders in the transformation to clean energy and we're making significant upgrades to our grids to make them more resilient, reliable and renewable-ready.  At American Savings Bank, we continue to deliver solid year over year earnings growth and strong first quarter annualized deposit growth of 9.1% while maintaining healthy capital levels," said Constance H. Lau, HEI president and chief executive officer.

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For more information

Hawaiian Electric Industries, Inc. (HEI)
900 Richards St
Honolulu Hawaii
United States 96808
www.hei.com


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