Edison International
Edison International Announces Second-Quarter 2024 Financial Results and Share Repurchase Program
Summary
Edison International reported second-quarter 2024 GAAP earnings per share (EPS) of $1.14 and core EPS of $1.23, reflecting increased revenue from authorized rates in Track 4 of Southern California Edison's 2021 General Rate Case. The company reaffirmed its 2024 core EPS guidance of $4.75 to $5.05 and reiterated long-term core EPS growth targets of 5%-7% for 2021-2025 and 2025-2028. Additionally, Edison International's Board of Directors authorized a stock repurchase program effective July 29, 2024, for up to $200 million of its common stock until December 31, 2025.
Profitelligence Alerts
Get alerts for EIX
Be first to know when Edison International files with the SEC.
Filing Categories
Exhibits (3)
Advertisement
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.
Official SEC Documents
Advertisement