Summary
American Electric Power Company, Inc. (AEP) filed an 8-K on March 1, 2013, primarily to announce that management will be meeting with investors between March 2 and March 14, 2013. During these meetings, AEP intends to reaffirm its previously issued guidance for full-year 2013 operating earnings, which remains in the range of $3.05 to $3.25 per share. This guidance was initially communicated in a press release dated February 15, 2013. The company also emphasized its use of "operating earnings" – GAAP earnings adjusted for certain items – as its primary performance metric for communicating with investors and analysts regarding its outlook and results. This adjusted measure is also used internally for performance assessment and board reporting, signaling its importance to AEP's financial communication strategy.
Key Highlights
- 1AEP reaffirms its 2013 operating earnings guidance of $3.05 to $3.25 per share.
- 2Guidance was initially provided on February 15, 2013.
- 3Management will be engaging with investors during meetings from March 2 to March 14, 2013.
- 4The company highlights its use of 'operating earnings' as a key performance metric.
- 5Operating earnings are defined as GAAP earnings adjusted for certain items.
- 6This filing serves as a Regulation FD disclosure regarding upcoming investor communications.