Summary
This Form 8-K filing from American Electric Power Company, Inc. (AEP) dated December 10, 2008, provides an update on the company's investor communications. AEP announced that during upcoming investor meetings scheduled between December 10-15, 2008, management would reaffirm its previously issued earnings guidance. For the full fiscal year 2008, the company reiterated its ongoing earnings per share (EPS) guidance range of $3.15 to $3.25. Crucially for investors, AEP also provided its initial ongoing EPS guidance for the fiscal year 2009, projecting a range of $3.00 to $3.40. 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 for performance measurement as well.
Key Highlights
- 1AEP reaffirms 2008 ongoing earnings per share guidance of $3.15 to $3.25.
- 2AEP issues initial 2009 ongoing earnings per share guidance of $3.00 to $3.40.
- 3Guidance will be communicated during investor meetings from December 10-15, 2008.
- 4The company utilizes "ongoing earnings" as its primary performance metric for investor communications.
- 5Ongoing earnings are defined as GAAP earnings adjusted for certain items, providing a potentially more meaningful representation of performance.
- 6The filing includes standard forward-looking statements and disclaimers regarding potential risks and uncertainties that could impact future results.