Summary
This 8-K filing from American Electric Power Company, Inc. (AEP) on May 21, 2008, announces that the company will be meeting with investors between May 21st and May 23rd, 2008. During these meetings, AEP intends to reaffirm its previously issued guidance for ongoing earnings per share (EPS) for the 2008 fiscal year, setting a range of $3.10 to $3.30. The company emphasizes that it uses "ongoing earnings" (GAAP earnings adjusted for certain items) as its primary performance metric when communicating with investors and analysts. This suggests that investors should focus on this adjusted figure when evaluating AEP's financial performance and outlook, as it is considered a more meaningful representation by management. The filing also includes a comprehensive disclaimer of forward-looking statements, outlining various risks and uncertainties that could materially impact actual results.
Key Highlights
- 1AEP is reaffirming its 2008 fiscal year ongoing earnings per share guidance of $3.10 to $3.30.
- 2The investor meetings are scheduled to take place from May 21, 2008, to May 23, 2008.
- 3AEP considers "ongoing earnings" (adjusted GAAP earnings) as its primary performance measurement for investor communications.
- 4The company uses ongoing earnings internally for performance measurement and board reporting.
- 5The filing includes a standard disclaimer of forward-looking statements detailing potential risks and uncertainties.
- 6Factors influencing future results include weather, fuel costs, regulatory decisions, legislation, and economic conditions.