3 Aerospace Suppliers That Could Benefit as Aircraft Makers Face Bottlenecks Hawaiian Electric Industries (NYSE:HE) reported second-quarter 2026 net income of $123.2 million, or $0.71 per share, including a non-cash accounting adjustment related to the remaining Maui wildfire…
ttlement liability. Senior Vice President and CFO Paul Ito said the settlement liability was reclassified from a contingent liability to a contractual liability after final conditions to payment were met
The company remeasured the remaining liability to present value, reducing it from $1.44 billion to $1.3 billion and lowering expenses by $153.9 million. – 3 Crucial Aerospace Component Makers That Analysts Love The benefit will reverse over the next three years through interest-expense accretion, Ito said. The company also recorded $8.5 million of insurance recoveries during the quarter related to the Maui wildfire tort liability. Excluding Maui wildfire settlement-related items and losses tied to Pacific Current asset sales, which the company classifies as non-core, consolidated core net income was $22.5 million, or $0.13 per share.
That compared with $35.4 million, or $0.20 per share, in the second quarter of 2025. Utility earnings pressured by costs and interest expense – End the Year Strong With These 3 Comeback Champions Utility core net income declined to $32.6 million from $42.5 million a year earlier. Ito attributed the decrease primarily to higher interest expense following the company’s September 2025 debt issuance, along with higher operations and maintenance costs.