Edison International — Oct 29, 2024 release
Fiscal 2024 third-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0000827052-24-000074
Showing in the filing
Core EPS
“$4.80-$5.00”
Period
FY2024
Measure
Company-defined measure
Source
Prose
All guidance in this release · 6
Core EPS for FY2024
“$4.80-$5.00”
EIX Core EPS for FY2024
“$ 4.80” – “$ 5.00”
Long-term core EPS growth rate targets for the long term
“5%-7%”
EIX Basic EPS for FY2024
“$ 3.37” – “$ 3.57”
Less: Non-core Items* for FY2024
“(1.26)”
Less: Non-core Items High for FY2024
“(1.43)”
Exhibit 99.1 · the passage around this item
… earlier in the release
AP EPS of $1.33; Core EPS of $1.51 ● Significant progress in resolving legacy wildfires: Settlement agreement reached on TKM; cost recovery application on Woolsey Fire filed with CPUC ● Narrows 2024 core EPS guidance to $4.80-$5.00 ● Reiterates long-term core EPS growth rate targets of 5%-7% for 2021-2025 and 5%-7% for 2025-2028 ROSEMEAD, Calif., Oct. 29, 2024 — Edison International (NYSE: EIX) today reported third-quarter net income of $516 million, or $1.33 per share, compared to net income of $155 million, or $0.40 per share, in the third quarter of last year. As adjusted, third-quarter core earnings were $582 million, or $1.51 per share, compared to core earnings of $531 million, or $1.38 per share, in the third quarter of last year. Southern California Edison’s third-quarter 2024 core earnings per share (EPS) increased year over year, primarily due to higher revenue authorized in Track 4 of SCE’s 2021 General Rate Case and an increase in the authorized rate of return resulting from the cost of capital adjustment mechanism. This was partially offset by higher interest expense. Edison International Parent and Other’s third quarter core loss per share was in line with the same period last year. “With strong year-to-date performance, we are confident in narrowing our 2024 core EPS guidance,” said Pedro J. Pizarro, president and CEO of Edison International. “Our team has achieved remarkable success o
later in the release …
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other guidance in this release
Text is the filed exhibit, verbatim.