Summary
American Electric Power Company, Inc. (AEP) filed an 8-K on December 1, 2009, to disclose information presented to investors during meetings held between December 1-3, 2009. The primary focus of the filing is the reaffirmation of the company's earnings guidance for both the current fiscal year (2009) and the upcoming fiscal year (2010). For the 2009 fiscal year, AEP reaffirmed its ongoing earnings per share guidance to be between $2.90 and $3.05. For the 2010 fiscal year, the company reiterated its ongoing earnings per share guidance of $2.80 to $3.20. The company emphasized that it uses 'ongoing earnings,' which adjusts GAAP earnings for certain items, as its primary performance metric for communicating with stakeholders and for internal performance measurement. The filing also includes standard forward-looking statement disclaimers, outlining various risk factors that could affect actual results.
Key Highlights
- 1AEP reaffirms 2009 ongoing earnings per share guidance of $2.90 to $3.05.
- 2AEP reaffirms 2010 ongoing earnings per share guidance of $2.80 to $3.20.
- 3The company is holding investor meetings from December 1-3, 2009.
- 4AEP defines and utilizes 'ongoing earnings' as a key performance metric, adjusted from GAAP earnings.
- 5The filing includes a comprehensive list of risk factors that could impact future financial results.
- 6The report is primarily a Regulation FD disclosure regarding investor communications.