Summary
This Form 8-K filing by American Electric Power Company, Inc. (AEP) on August 8, 2006, primarily serves to inform investors about upcoming meetings with analysts and the reaffirmation of the company's full-year 2006 ongoing earnings per share (EPS) guidance. Management stated that they will continue to guide for ongoing earnings in the range of $2.65 to $2.80 per share for the fiscal year 2006. This guidance was previously communicated on July 27, 2006, in conjunction with the second-quarter earnings release. The company emphasizes its use of "ongoing earnings," which are GAAP earnings adjusted for certain items, as the preferred metric for assessing performance and communicating financial outlook. This approach is used both internally and externally. The filing also includes standard forward-looking statement disclaimers, outlining various factors that could cause actual results to differ materially from projections, covering operational, regulatory, market, and economic influences.
Key Highlights
- 1AEP will be conducting investor meetings between August 8, 2006, and August 18, 2006.
- 2The company is reaffirming its previously issued 2006 fiscal year ongoing earnings per share guidance of $2.65 to $2.80.
- 3This guidance was most recently stated in a Form 8-K filed on July 27, 2006, following the second-quarter earnings release.
- 4AEP highlights its use of 'ongoing earnings' (adjusted GAAP earnings) as its primary performance measurement for investors and internal reporting.
- 5The presentation materials for the investor meetings will be made available on AEP's website.
- 6The filing includes a comprehensive list of risk factors that could impact future financial results, as is customary for forward-looking statements.