Summary
American Electric Power Company, Inc. (AEP) issued this 8-K report on March 3, 2015, primarily to announce that management will be reaffirming its previously issued 2015 fiscal year operating earnings guidance of $3.40 to $3.60 per share. This guidance was initially provided on January 28, 2015. The meetings with investors are scheduled to take place between March 3 and March 11, 2015. The company emphasizes that it uses "operating earnings," which are GAAP earnings adjusted for certain items, as its preferred measure of performance. This metric is used internally for performance measurement against budgets and for reporting to the board of directors, and externally when communicating its earnings outlook and results to analysts and investors. The report also includes a standard disclaimer regarding forward-looking statements and the various factors that could cause actual results to differ from projections.
Key Highlights
- 1AEP reaffirmed its 2015 fiscal year operating earnings guidance of $3.40 to $3.60 per share.
- 2Management will meet with investors between March 3 and March 11, 2015, to discuss the company's performance and outlook.
- 3The company highlighted its use of 'operating earnings' as a key performance metric, which adjusts GAAP earnings for certain items.
- 4Operating earnings are used by AEP internally and externally for performance reporting and outlook communication.
- 5The filing includes a comprehensive list of risk factors that could impact future financial results, as is typical for forward-looking statements.
- 6The reaffirmation of guidance suggests management confidence in meeting its previously stated financial targets for the year.