American Water Works Company, Inc. - 8-K Summary
Business Context and Reporting Period
This Form 8-K was filed on May 23, 2011, by American Water Works Company, Inc. The report serves as a Regulation FD disclosure regarding an investor presentation scheduled for May 24, 2011.
Key Financial Metrics
The filing does not provide specific historical revenue, profit, cash flow, margin, debt, or liquidity figures for the current or prior periods. The only quantitative financial data disclosed relates to forward-looking earnings guidance.
Material Changes and Guidance
- Earnings Guidance: Management reaffirmed its 2011 earnings per share (EPS) guidance of $1.65 to $1.75.
- Accounting Adjustment: The stated EPS forecast excludes an estimated benefit of approximately $0.08 per share for 2011. This benefit arises from the cessation of depreciation for assets classified as held for sale (discontinued operations), which is not recognized under U.S. GAAP while assets are held for sale.
- Outlook: The forecast is based on current expectations and assumptions; actual results may differ materially due to various factors outlined in the company's cautionary statements.
Investor Verification Checklist
- Verify the full text of the investor slide presentation (Exhibit 99.1) for detailed assumptions behind the $1.65-$1.75 EPS range.
- Confirm the status of discontinued operations and the specific assets classified as held for sale to understand the $0.08 depreciation impact.
- Review the "Cautionary Statement Concerning Forward-Looking Statements" referenced in the filing for specific risk factors.
- Note that this 8-K does not contain audited financial statements or historical performance data.