Summary
Exelon Corporation (EXC) filed an 8-K on June 27, 2006, to disclose its participation in the Bank of America 2006 Utilities Mini-Conference. The primary purpose of this filing was to reaffirm the company's previously issued guidance for 2006 adjusted (non-GAAP) operating earnings per share, which remains in the range of $3.00 to $3.30. Investors should note that the materials presented at the conference are largely consistent with those filed on May 23, 2006, with the exception of revised slides attached as Exhibit 99 to this report. The company directs stakeholders to the appendix of the May 23rd filing for a reconciliation of adjusted non-GAAP earnings to GAAP earnings, providing transparency on their performance metrics.
Key Highlights
- 1Exelon reaffirmed its 2006 adjusted (non-GAAP) operating earnings per share guidance of $3.00-$3.30.
- 2The company participated in the Bank of America 2006 Utilities Mini-Conference.
- 3Materials presented at the conference are largely the same as those filed on May 23, 2006, with minor revisions.
- 4Revised presentation slides are attached as Exhibit 99 to this 8-K filing.
- 5Reconciliation of adjusted non-GAAP earnings to GAAP earnings is available in the May 23, 2006 filing.
Frequently Asked Questions
The main purpose of this 8-K filing is to inform investors that Exelon Corporation is participating in the Bank of America 2006 Utilities Mini-Conference and to reaffirm its previously issued financial guidance for the full year 2006.
No, Exelon did not update its financial guidance. The company reaffirmed its existing guidance for 2006 adjusted (non-GAAP) operating earnings per share to be in the range of $3.00 to $3.30.
The filing states that the materials used in the investor meetings are generally the same as those filed on May 23, 2006, with the exception of revised slides. These revised slides are provided as Exhibit 99 to this Current Report.
For additional details about the guidance and a reconciliation of adjusted (non-GAAP) operating earnings to GAAP earnings, investors can refer to the appendix of the slides included in Exelon's Form 8-K filed on May 23, 2006.