Summary
This 8-K filing from American Electric Power Company, Inc. (AEP) on June 23, 2010, primarily serves as a notice regarding investor meetings scheduled between June 23 and June 30, 2010. During these meetings, AEP management intends to reaffirm its previously issued guidance for ongoing earnings per share (EPS) for the fiscal year 2010, which remains in the range of $2.80 to $3.20. This guidance was initially communicated in an 8-K filing on April 29, 2010. The company emphasizes that it uses 'ongoing earnings,' which are GAAP earnings adjusted for certain items, as its primary performance metric for communicating with investors and analysts. This metric is also used internally for performance measurement and reporting to the board of directors. The filing also includes a comprehensive list of risk factors that could potentially impact AEP's future financial results, covering regulatory, operational, economic, and market-related uncertainties. Investors should note that AEP disclaims any obligation to update these forward-looking statements.
Key Highlights
- 1AEP management will reaffirm 2010 ongoing EPS guidance of $2.80 - $3.20 during investor meetings.
- 2Investor meetings are scheduled from June 23, 2010, through June 30, 2010.
- 3The company uses 'ongoing earnings' (adjusted GAAP earnings) as its primary performance metric.
- 4This filing serves as a Regulation FD disclosure to inform the public about the reaffirmation of guidance.
- 5A comprehensive list of risk factors that could affect future financial performance is included.
- 6AEP expressly disclaims any obligation to update forward-looking information.