Summary
American Water Works Company, Inc. (AWK) filed an 8-K on March 9, 2011, primarily to reaffirm its earnings guidance for the fiscal year 2011. The company anticipates earnings per share to be in the range of $1.65 to $1.75. This reaffirmation is being communicated in advance of investor meetings scheduled between March 10 and March 23, 2011. Investors should note that after March 23, 2011, this guidance will be considered historical and will not be updated by the company.
Key Highlights
- 1AWK reaffirms its 2011 earnings per share (EPS) guidance of $1.65 to $1.75.
- 2This guidance is being shared in anticipation of investor meetings occurring from March 10 to March 23, 2011.
- 3The company may reiterate this guidance during the scheduled investor meetings.
- 4The guidance is considered historical and will not be updated after March 23, 2011.
- 5The filing includes a cautionary statement detailing numerous factors that could cause actual results to differ materially from forward-looking statements.
Frequently Asked Questions
The main purpose of this 8-K filing is to reaffirm American Water Works Company, Inc.'s (AWK) earnings guidance for the fiscal year 2011, which is projected to be between $1.65 and $1.75 per share.
The reaffirmed earnings guidance will be considered historical and no longer subject to updates by the company after March 23, 2011, following the conclusion of investor meetings.
The filing outlines several risks, including regulatory decisions on rates, changes in laws and regulations, weather conditions, customer demand fluctuations, infrastructure maintenance and expansion challenges, obtaining permits, capital requirements, operating expense control, raw material costs (chemicals, electricity, fuel), successful integration of acquired systems, cost overruns, general economic conditions, interest rate fluctuations, debt covenants, benefit plan asset performance, and potential for impairment charges.