Summary
This 8-K filing from American Electric Power Company, Inc. (AEP) on November 29, 2011, primarily serves as a notice regarding investor meetings scheduled between November 29, 2011, and December 14, 2011. During these meetings, AEP intends to reaffirm its previously issued guidance for full-year 2011 ongoing earnings per share (EPS) of $3.07 to $3.17. This guidance was initially communicated in an 8-K filing on October 26, 2011. The company emphasizes that it uses "ongoing earnings," which are GAAP earnings adjusted for certain items, as its primary performance measurement for communicating with investors and analysts. This adjusted metric is also used internally for performance tracking and board reporting, suggesting it provides a more meaningful representation of AEP's operational performance to stakeholders. The filing also includes standard forward-looking statements and risk factors that could impact actual results.
Key Highlights
- 1AEP will be conducting investor meetings from November 29, 2011, through December 14, 2011.
- 2The company will reaffirm its 2011 fiscal year ongoing earnings per share (EPS) guidance of $3.07 to $3.17.
- 3This reaffirmation of guidance was previously stated in an October 26, 2011, 8-K filing.
- 4AEP uses "ongoing earnings" (GAAP earnings adjusted for certain items) as its primary performance metric for investor communications.
- 5The "ongoing earnings" metric is also used internally for performance measurement and board reporting.
- 6The filing includes a standard disclaimer about forward-looking statements and potential risk factors affecting future results.