Summary
American Electric Power Company, Inc. (AEP) filed an 8-K on April 7, 2008, to announce that management would be reaffirming its previously issued guidance for 2008 ongoing earnings per share (EPS) of $3.10 to $3.30. This guidance was originally provided on January 29, 2008, in connection with their fourth-quarter earnings release. Management emphasizes its use of 'ongoing earnings,' which are GAAP earnings adjusted for certain items, as the primary metric for assessing performance and communicating outlook to investors. This reaffirms AEP's commitment to its stated financial targets amidst investor meetings scheduled for April 7th and 8th, 2008.
Key Highlights
- 1AEP reaffirms its 2008 ongoing earnings per share guidance of $3.10 to $3.30.
- 2The guidance was initially provided on January 29, 2008.
- 3Company management will be conducting investor meetings on April 7 and April 8, 2008.
- 4AEP uses 'ongoing earnings' (adjusted GAAP earnings) as its primary performance measurement for investors.
- 5The filing includes forward-looking statements with a comprehensive list of potential risk factors.
- 6Key risk factors mentioned include weather, fuel costs, regulatory decisions, legislation, litigation, and financial market conditions.