Summary
American Electric Power Company, Inc. (AEP) filed an 8-K on March 24, 2006, to announce that company representatives would be meeting with investors between March 24 and April 4, 2006. The primary purpose of this filing was to reaffirm the company's previously issued guidance for ongoing earnings per share (EPS) for the 2006 fiscal year. This guidance, originally provided on February 1, 2006, projects ongoing EPS to be in the range of $2.50 to $2.70. AEP management emphasized that they consider 'ongoing earnings' (GAAP earnings adjusted for certain items) to be a more meaningful measure of the company's performance, and it is used both internally and externally for performance measurement and outlook communication. The filing also includes standard forward-looking statement disclosures, cautioning investors about various factors that could materially impact actual results.
Key Highlights
- 1AEP reaffirms its 2006 fiscal year ongoing earnings per share (EPS) guidance of $2.50 to $2.70.
- 2The guidance was previously issued on February 1, 2006, in conjunction with the company's fourth-quarter earnings release.
- 3Company representatives will meet with investors from March 24 through April 4, 2006.
- 4AEP management highlights 'ongoing earnings' as the primary performance measurement, adjusted from GAAP earnings.
- 5The company uses ongoing earnings for communication with analysts, investors, internal performance measurement, and board reporting.
- 6The filing includes a comprehensive list of risk factors that could affect future financial performance, as is standard for forward-looking statements.