Core Viewpoint - A securities class action lawsuit has been filed against Edison International for allegedly making false and misleading statements regarding its Public Safety Power Shutoffs program, which purportedly aimed to mitigate wildfire risks in California [1][2]. Group 1: Lawsuit Details - The lawsuit is on behalf of investors who acquired Edison securities between February 25, 2021, and February 6, 2025, with a lead plaintiff deadline set for April 21, 2025 [1]. - The complaint claims that Edison's assertions about its wildfire mitigation efforts were false, leading to increased fire risk and legal exposure for the company [2]. Group 2: Lead Plaintiff Process - Investors can seek to be appointed as lead plaintiff representatives by April 21, 2025, or may choose to remain absent class members [3]. - The lead plaintiff will represent the interests of all class members and select counsel to direct the litigation [3]. Group 3: Firm Background - Kessler Topaz Meltzer & Check, LLP is known for prosecuting class actions and has a reputation for recovering billions for victims of corporate misconduct [4].

Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses In Edison To Contact Him Directly To Discuss Their Options If you purchased or acquired securities in EDISON between February 25, 2021through February 6, 2025 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). [You may also click here for additional information] NEW YORK, March 15, 2025 (GLOBE NEWSWIRE) -- Fa ...

Core Viewpoint - A securities class action lawsuit has been filed against Edison International for allegedly making false statements regarding its Public Safety Power Shutoffs program, which purportedly increased fire risks in California and misled investors about the company's operations and prospects [1][3]. Group 1: Lawsuit Details - The lawsuit was filed in the United States District Court for the Central District of California on behalf of investors who acquired Edison securities between February 25, 2021, and February 6, 2025 [1]. - The lead plaintiff deadline for the lawsuit is April 21, 2025 [1][4]. Group 2: Allegations Against Edison - The complaint alleges that Edison falsely claimed its Public Safety Power Shutoffs program was used to mitigate wildfire risks, which actually heightened fire risks and legal exposure [3]. - Defendants' statements regarding Edison's business and operations were claimed to be materially false and misleading throughout the class period [3]. Group 3: Lead Plaintiff Process - Investors can seek to be appointed as a lead plaintiff representative of the class by the April 21, 2025 deadline, or they may choose to remain absent [4]. - The lead plaintiff is typically the investor or small group of investors with the largest financial interest in the case [4].

Core Viewpoint - A securities class action lawsuit has been filed against Edison International for allegedly making false statements and failing to disclose critical information regarding its Public Safety Power Shutoffs program, which purportedly increased fire risks in California [1][3]. Group 1: Lawsuit Details - The lawsuit is on behalf of investors who acquired Edison securities between February 25, 2021, and February 6, 2025, with a lead plaintiff deadline set for April 21, 2025 [1][4]. - The complaint claims that Edison's statements about its wildfire mitigation efforts were misleading and lacked a reasonable basis, leading to increased legal exposure for the company [3]. Group 2: Lead Plaintiff Process - Investors can seek to be appointed as lead plaintiffs by April 21, 2025, or may choose to remain absent class members, with the lead plaintiff representing the interests of all class members [4]. - The lead plaintiff typically has the largest financial interest in the case and selects counsel to represent the class [4]. Group 3: Firm Background - Kessler Topaz Meltzer & Check, LLP is known for prosecuting class actions and has a reputation for recovering billions for victims of corporate misconduct [5].

NEW YORK, March 03, 2025 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Edison International (NYSE: EIX) between February 25, 2021 and February 6, 2025, both dates inclusive (the “Class Period”), of the important April 21, 2025 lead plaintiff deadline in the securities class action first filed by the Firm. SO WHAT: If you purchased Edison securities during the Class Period you may be entitled to compensation without payment of any out of pock ...

Core Viewpoint - A securities class action lawsuit has been filed against Edison International for allegedly making false statements and failing to disclose critical information regarding its Public Safety Power Shutoffs program, which purportedly increased fire risks in California [1][3]. Group 1: Lawsuit Details - The lawsuit is on behalf of investors who acquired Edison securities between February 25, 2021, and February 6, 2025, with a lead plaintiff deadline set for April 21, 2025 [1][4]. - The complaint claims that Edison's statements about its safety measures were misleading and lacked a reasonable basis, leading to increased legal exposure and fire risks [3]. Group 2: Lead Plaintiff Process - Investors can seek to be appointed as lead plaintiffs by April 21, 2025, or remain absent class members, with the lead plaintiff representing the interests of the class [4]. - The lead plaintiff is typically the investor or group of investors with the largest financial interest in the case [4]. Group 3: Law Firm Information - Kessler Topaz Meltzer & Check, LLP is handling the case and has a reputation for prosecuting class actions and recovering significant amounts for victims of corporate misconduct [5].

Edison International (EIX) reported fourth-quarter 2024 adjusted earnings of $1.05 per share, which missed the Zacks Consensus Estimate of $1.08 by 2.8%. The bottom line also decreased 18% from $1.28 in the year-ago quarter.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.The company reported GAAP earnings of 88 cents per share compared with 99 cents recorded in the fourth quarter of 2023.The company reported 2024 adjusted earnings of $4.93 per share, which were much higher than the ...

FOURTH-QUARTER 2024 FINANCIAL RESULTS FEBRUARY 27, 2025 Forward-Looking Statements Statements contained in this presentation about future performance, including, without limitation, operating results, capital expenditures, rate base growth, dividend policy, financial outlook, and other statements that are not purely historical, are forward-looking statements. These forward-looking statements reflect our current expectations; however, such statements involve risks and uncertainties. Actual results could diff ...

Financial Data and Key Metrics Changes - For the full year 2024, Edison International reported core EPS of $4.93, which was above the midpoint of their guidance range [22][33] - The fourth quarter core EPS was reported at $1.05, contributing to a strong financial performance [32][33] - The company has a target of 5% to 7% core EPS CAGR through 2028, maintaining confidence in meeting 2025 EPS guidance [23][48] Business Line Data and Key Metrics Changes - Southern California Edison (SCE) has installed over 6,400 miles of covered conductor and hardened nearly 90% of its distribution lines in high fire risk areas [13][34] - The utility has made significant investments in operational measures, including vegetation management and a network of weather stations and AI-enabled wildfire cameras [14][34] Market Data and Key Metrics Changes - The California Public Utilities Commission (CPUC) approved a settlement agreement allowing SCE to recover about $1.6 billion or 60% of wildfire claims payments and associated costs [25][26] - The wildfire fund has $21 billion of creating capacity, which has largely been unused by California investor-owned utilities [15][25] Company Strategy and Development Direction - The company emphasizes safety as its top priority and continues to execute a robust risk-prioritized wildfire mitigation plan [7][12] - Edison International is focused on rebuilding and supporting communities affected by wildfires while continuing to invest in grid hardening and safety measures [37][49] - The company is engaged in discussions with stakeholders to enhance the regulatory framework established by AB 1054 [20][60] Management's Comments on Operating Environment and Future Outlook - Management acknowledges the ongoing investigation into the Eaton fire and emphasizes the importance of transparency throughout the process [9][10] - The company remains optimistic about the regulatory environment and believes that policymakers will enhance the AB 1054 framework to support utilities [20][60] - Management is confident in the financial outlook, supported by the regulatory framework that ensures utilities can access the wildfire fund for claims payments [48][49] Other Important Information - The Board declared a first-quarter 2025 common stock dividend of $0.8275 per share, reflecting confidence in the financial outlook [24] - Former U.S. Secretary of Energy Jennifer Granholm will join the Board of Directors, bringing expertise in energy technology and policy [21] Q&A Session Summary Question: What is the potential impact of the wildfire fund if SCE's equipment was involved in the fire? - Management stated it is too early to determine the impact and emphasized the need to conclude whether SCE's equipment was involved before assessing potential liabilities [54][56] Question: How is the current policy environment shaping discussions around wildfire fund enhancements? - Management noted that there is a strong understanding among policymakers of the importance of financially healthy utilities and ongoing discussions with legislative leaders [60][62] Question: What steps is SCE taking to strengthen its bonding process in light of the Eaton fire? - Management highlighted that SCE is committed to learning from past incidents and is taking immediate steps to strengthen operational protocols [66][70] Question: Will the wildfires impact the General Rate Case (GRC) outcome? - Management expressed confidence that the GRC process is proceeding as planned and that they have settled numerous issues with interveners [80][81] Question: How will the company finance potential liabilities stemming from the January 2025 events? - Management explained that the wildfire fund is designed to support claims payments, reducing the need for issuing debt as was done in the past [89][90] Question: What is the outlook from rating agencies regarding the impact of recent fires? - Management indicated that rating agencies are focused on climate risk and that S&P has a negative outlook, but they are working to provide more information to improve perceptions [95][96]

Core Viewpoint - Edison International reported quarterly earnings of $1.05 per share, missing the Zacks Consensus Estimate of $1.08 per share, and down from $1.28 per share a year ago, indicating an earnings surprise of -2.78% [1][2] Financial Performance - The company posted revenues of $3.98 billion for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 4.86%, compared to $3.71 billion in the same quarter last year [2] - Over the last four quarters, Edison International has surpassed consensus EPS estimates three times and topped consensus revenue estimates three times [2] Stock Performance - Edison International shares have declined approximately 34.1% since the beginning of the year, contrasting with the S&P 500's gain of 1.3% [3] - The current consensus EPS estimate for the upcoming quarter is $1.37 on revenues of $4.24 billion, and for the current fiscal year, it is $5.76 on revenues of $17.94 billion [7] Industry Outlook - The Utility - Electric Power industry, to which Edison International belongs, is currently ranked in the bottom 49% of over 250 Zacks industries, indicating potential challenges ahead [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact Edison International's stock performance [5][6]