Summary
American Electric Power Company, Inc. (AEP) filed an 8-K on September 16, 2013, to disclose information relevant to investor meetings scheduled between September 16 and September 20, 2013. The primary purpose of this filing was to reaffirm the company's previously issued guidance for its 2013 fiscal year operating earnings, which was set at $3.05 to $3.25 per share. This guidance was originally communicated in a Form 8-K filed on July 25, 2013. The company emphasized that it uses "operating earnings," which are GAAP earnings adjusted for certain items, as its primary performance metric when communicating with investors and analysts. AEP also utilizes operating earnings internally for performance tracking and board reporting, indicating its importance in assessing and communicating the company's financial health and operational success.
Key Highlights
- 1Reaffirmed 2013 fiscal year operating earnings guidance of $3.05 to $3.25 per share.
- 2Guidance was previously provided on July 25, 2013, via a Form 8-K.
- 3Company will be conducting investor meetings from September 16 to September 20, 2013.
- 4AEP utilizes 'operating earnings' as its primary performance measurement for external communications (investors, analysts).
- 5Operating earnings are defined as GAAP earnings adjusted for certain items.
- 6The company uses operating earnings internally for performance measurement and board reporting.
- 7The filing includes standard forward-looking statements and risk factors inherent in the utility industry.