Summary
Exelon Corporation (EXC) announced on September 27, 2006, updated financial guidance during their participation at the Merrill Lynch Global Power & Gas Leaders Conference. The company anticipates that its adjusted (non-GAAP) operating earnings per share for the full year 2006 will fall within the range of $3.15 to $3.30. This revised outlook is based on the company's performance in the first half of the year, as well as preliminary results for July and August. Investors should note that the provided guidance is for adjusted operating earnings, which is a non-GAAP measure. Exelon has included a reconciliation of GAAP earnings to adjusted operating earnings in the appendix of the presentation materials (Exhibit 99) accompanying this Form 8-K filing. This disclosure provides transparency for investors to understand the components of the adjusted earnings figure.
Key Highlights
- 1Exelon Corporation updated its 2006 full-year earnings per share guidance.
- 2Anticipated adjusted (non-GAAP) operating EPS for 2006 is projected to be between $3.15 and $3.30.
- 3The updated guidance is based on year-to-date results, including July and August performance.
- 4The announcement was made at the Merrill Lynch Global Power & Gas Leaders Conference.
- 5Discussion materials from the conference are attached as Exhibit 99.
- 6A reconciliation between GAAP earnings and adjusted operating earnings is provided in the appendix of the attached materials.