Edison International
Edison International Reports Fourth-Quarter and Full-Year 2023 Financial Results
Summary
Edison International reported fourth-quarter and full-year 2023 financial results on February 22, 2024. The company reported fourth-quarter GAAP earnings per share (EPS) of $0.99 and full-year GAAP EPS of $3.12. Core EPS was $1.28 for the fourth quarter and $4.76 for the full year. Edison International introduced 2024 EPS guidance of $4.75-$5.05 and reiterated long-term core EPS growth rate targets of 5%-7%. The company also declared a quarterly common stock dividend of $0.78 per share, payable on April 30, 2024, to shareholders of record on March 28, 2024.
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About Edison International
Edison International is a leading energy holding company based in California, primarily engaged in the generation and distribution of electric power. It operates through its subsidiary, Southern California Edison, one of the largest electric utilities in the United States, serving millions of residential, commercial, and industrial customers across Southern California. The company's primary function is to provide reliable and sustainable electricity, focusing on infrastructure resilience and clean energy solutions, including solar and wind power projects. Edison International plays a crucial role in the energy sector by facilitating the transition towards renewable energy sources, aiming to reduce carbon emissions and enhance energy efficiency. Its operations significantly impact industries such as construction, manufacturing, and technology, which rely on consistent power supply. Additionally, the company actively invests in modernizing the electric grid, which is pivotal for supporting the increasing demand for electric vehicles and integrating alternative energy sources. In the financial market, Edison International is recognized for its commitment to sustainability and its pivotal role in supporting the California economy through its energy solutions.
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