Summary
This 8-K filing from American Electric Power Company, Inc. (AEP), dated March 9, 2010, serves to reaffirm the company's previously issued guidance for ongoing earnings per share (EPS) for the 2010 fiscal year. Management will be meeting with investors between March 9 and March 23, 2010, during which they will reiterate the projected ongoing EPS range of $2.80 to $3.20. Investors should note that AEP utilizes 'ongoing earnings,' which are GAAP earnings adjusted for certain items, as its primary metric for performance assessment and communication with stakeholders. This reaffirms AEP's commitment to its established financial outlook for the year, providing a degree of certainty amidst ongoing market dynamics. The filing also includes a standard disclaimer regarding forward-looking statements and the various factors that could impact actual results.
Key Highlights
- 1AEP reaffirms its 2010 fiscal year ongoing earnings per share (EPS) guidance of $2.80 to $3.20.
- 2The company will be conducting investor meetings from March 9, 2010, to March 23, 2010.
- 3AEP emphasizes the use of 'ongoing earnings' (adjusted GAAP earnings) as its primary performance metric for communicating with investors and analysts.
- 4This filing serves as a confirmation of previously stated financial outlook, providing clarity to investors.
- 5The report includes a comprehensive list of risk factors that could materially affect future financial results, as is customary for forward-looking statements.