Summary
American Electric Power Company, Inc. (AEP) filed an 8-K on May 7, 2008, to disclose that its management would be meeting with investors. During these meetings, AEP reaffirmed its previously issued earnings guidance for the 2008 fiscal year, projecting ongoing earnings per share in the range of $3.10 to $3.30. The company emphasized its use of 'ongoing earnings' (GAAP earnings adjusted for certain items) as its primary performance metric for communicating with investors and analysts, highlighting its internal use of this metric for performance measurement and reporting to the board. This filing serves as a regulatory disclosure, providing investors with an update on the company's financial outlook and reinforcing management's confidence in achieving its projected earnings for the year. Investors should note that while guidance has been reaffirmed, the filing also includes a standard disclaimer outlining various forward-looking statements and potential factors that could materially impact actual results, ranging from weather and fuel costs to regulatory decisions and economic conditions.
Key Highlights
- 1AEP reaffirmed its 2008 fiscal year ongoing earnings per share guidance of $3.10 to $3.30.
- 2The company is conducting investor meetings on May 7, 2008.
- 3AEP continues to use 'ongoing earnings' as its primary performance metric for investor communications.
- 4Ongoing earnings are defined as GAAP earnings adjusted for certain items.
- 5The filing includes a standard list of risk factors that could affect future results.
- 6The reaffirmation of guidance suggests management confidence in meeting financial targets.
- 7The disclosure is made under Regulation FD to ensure fair and broad dissemination of material information.