Summary
This Form 8-K filing from American Electric Power Company, Inc. (AEP) on May 16, 2006, primarily serves to inform investors about upcoming meetings with management and to reaffirm the company's previous earnings guidance. AEP representatives will be meeting with investors between May 16 and May 25, 2006, and the associated presentation materials will be made available on the company's website. Crucially for investors, AEP reaffirmed its ongoing earnings per share guidance for the 2006 fiscal year to be between $2.50 and $2.70. The company emphasizes its use of "ongoing earnings" (GAAP earnings adjusted for certain items) as a key performance metric for communicating its financial outlook and results to stakeholders, both internally and externally.
Key Highlights
- 1AEP management will hold investor meetings from May 16, 2006, through May 25, 2006.
- 2Presentation materials for these investor meetings will be accessible on AEP's corporate website.
- 3AEP reaffirmed its fiscal year 2006 ongoing earnings per share guidance of $2.50 to $2.70.
- 4This guidance was previously stated in an April 27, 2006 Form 8-K filing related to first-quarter earnings.
- 5The company highlights its use of 'ongoing earnings' (adjusted GAAP earnings) as a primary measure of performance for investor communications.
- 6AEP utilizes ongoing earnings internally for performance tracking and board reporting.