Summary
This 8-K filing from American Electric Power (AEP) on July 5, 2011, announces that the company will be reaffirming its previously issued earnings guidance for the 2011 fiscal year. Management will be meeting with investors from July 5th to July 7th, 2011, and will confirm the ongoing earnings per share guidance range of $3.00 to $3.20. AEP emphasizes its use of "ongoing earnings," which are GAAP earnings adjusted for certain items, as a key performance metric for communicating with stakeholders and for internal performance measurement. This reaffirmation suggests management's confidence in the company's financial trajectory for the remainder of the year, despite the inherent uncertainties outlined in the filing's forward-looking statements.
Key Highlights
- 1AEP reaffirming its 2011 ongoing earnings per share guidance of $3.00 to $3.20.
- 2Investor meetings scheduled from July 5-7, 2011, to discuss company performance.
- 3Emphasis on "ongoing earnings" as a primary performance measurement, adjusted from GAAP.
- 4Management uses ongoing earnings for communicating outlooks, internal performance tracking, and board reporting.
- 5The filing includes standard forward-looking statements and risk factors impacting future results.