Summary
This 8-K filing from American Electric Power Company, Inc. (AEP) on September 20, 2006, serves primarily as a notification regarding upcoming investor meetings scheduled for September 20-21, 2006. During these meetings, AEP intends to reaffirm its previously issued earnings guidance for the 2006 fiscal year. The company reiterated its ongoing earnings per share (EPS) projection to be in the range of $2.65 to $2.80. AEP emphasizes its use of 'ongoing earnings' as a key performance metric, which adjusts GAAP earnings for certain items to provide what management believes is a more meaningful representation of the company's operational performance. This metric is utilized both internally for performance measurement and externally when communicating with investors and analysts.
Key Highlights
- 1AEP is holding investor meetings on September 20-21, 2006.
- 2The company will reaffirm its 2006 fiscal year ongoing earnings per share (EPS) guidance.
- 3The reaffirmed guidance for 2006 ongoing EPS is between $2.65 and $2.80.
- 4AEP emphasizes the use of 'ongoing earnings' as its primary performance measurement for investor communications.
- 5Ongoing earnings are defined as GAAP earnings adjusted for certain items.
- 6The presentation materials for these meetings will be available on AEP's website.
- 7The filing includes a standard cautionary note about forward-looking statements and factors that could impact actual results.