sales improvement on continued markedly in nearly still peak Oahu, from rates. national we've for X.X%. median XXXX home to arrivals steadily in to home strength XXXX Visitor XXXX median the in Unemployment average a December, policies X.X% healthcare environment to of has holiday XX.X%. travel travel. XXXX the outlook continued capacity XX.X% On travel have so adapt as In hospitalization year price prices April the the in rose gradual the COVID-XX continued and housing year-over-year state saw recovery Thank significant net international strong. over low down improve, seen December, and safely domestic The XX% X.X% the single-family and keeping continued far were as over was good demand XXXX. strong improving the the million. has market levels very reached and in in time Hawaii's Oahu strong. remained of focused summer reporting health, lagging while of season economy supported the anticipates Scott. up We've $X you, XXXX. Hawaii for is state its And that economy evolving promising by and last a for a was open,
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to results on Turning X. Slide our
fourth performance utility year Utility up full quarter million or financial at Solid strong XXXX X% $XXX.X XX% to approximately the with to million. grew the share. execution per both $X.XX and $XXX.X our to earnings during consolidated bank contributed earnings
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outlook baseline million $XXX ARA mostly mechanism. the covered CapEx is of comprised to for $XXX by XXXX CapEx Our million,
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levels. to CapEx our We XXXX PIMS. remain expectations covered expect moderate regarding adjusted for pension, O&M the inflationary-adjusted already and from ARA within contributions I've excluding
that average ARA realized on X% enhance We annual and achievements utility recovery with to and expect growth growth PIM about separate from earnings level. mechanisms potential of ROEs XXXX for earnings XXXX based beyond the to
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basis We expect interest points. asset and low to net single-digit of XXX XXX margin earning growth
closing are earnings holding losses levels expect XXXX We of ratio and company range line now dividend XX%. with XX% consistent despite a with long-term growth targeting to Scott dividend his be remarks. inflation. to higher in growth will we payout And make
