Selling land and paving more streets in Hawaii helped the state’s fourth-largest private landowner produce a $4.8 million profit in the second quarter and reverse a year-earlier $600,000 loss.

Alexander & Baldwin Inc. reported the financial turnaround Wednesday for the April-June period.

Honolulu-based A&B relied on all segments of its business — land development, commercial real estate investments, road construction and agriculture — to produce the gain.

Revenue totaled $98.1 million in the recent quarter, up from $82 million a year earlier.

“We’ve had generally good performance so far in 2017,” Chris Benjamin, company president and CEO, said in a conference call with stock analysts.

One of the biggest contributors to A&B’s profit was its street paving and materials subsidiary, Grace Pacific, which repaved many more miles of roads around the state. A&B said it laid down 142,400 tons of asphalt in the recent quarter, or 64 percent more than the 86,900 tons a year earlier.

Suzy Hollinger, A&B’s director of investor relations, said the increase was the result of the company trying to reduce its backlog of paving work, which is reliant on good weather.

“We’re trying to step up the number of crews to do paving work when the sun is shining,” she said.

The push helped Grace’s operating profit rise to $6.7 million in the second quarter from $4.9 million a year earlier.

Another improved profit driver in the recent quarter was land sales. A&B said it sold a 3-acre parcel in Maui’s Wailea resort area for $3.6 million and two vacant parcels on Maui and Oahu for a combined $1.4 million in the second quarter. Those sales helped produce a $1.7 million operating profit for A&B’s land division.

A&B’s commercial real estate portfolio, which includes 4.8 million square feet of retail, industrial and office space mainly in Hawaii, delivered a $13.4 million operating profit in the second quarter. That was down from $14.7 million a year earlier.

One former A&B operation, Maui sugar plantation Hawaiian Commercial & Sugar Co., also contributed to the recent profit. HC&S shut down in December, but proceeds from an equipment auction generated $800,000 in after-tax income for the second quarter. A year earlier, HC&S shutdown costs produced a $3.7 million after-tax loss. A&B is now working on a diversified crop strategy to keep its 36,000-acre plantation productive.

Shares of A&B stock closed Wednesday at $42.43 on the New York Stock Exchange before the earnings announcement. Shares over the last 52 weeks have closed between a $46.58 high on April 26 and a $37.08 low on Oct. 18.

A&B recently converted its corporate structure to a real estate investment trust, which the company expects will make it more attractive to investors and expand access to capital while also providing a significant tax benefit. After-tax expenses related to the conversion, which had been in an assessment stage for about a year, amounted to $1.6 million in the second quarter, compared with $1.5 million a year earlier.