2025 OUTLOOK
We continue to anticipate 2025 diluted earnings per share to be in the range of $5.68 to $6.08. We expect our earnings mix in 2025 to be approximately 39% from our Electric segment and 61% from our Manufacturing and Plastics segments, net of corporate costs. Our anticipated earnings mix in 2025 deviates from our long-term expected earnings mix of 65% Electric / 35% Non-Electric as we expect Plastics segment earnings to remain elevated in 2025 compared to our long-term view of normal earnings for this segment.
The segment components of our 2025 diluted earnings per share guidance compared with actual earnings for 2024 are as follows:
2024 EPS | 2025 EPS Guidance | ||||||||||||
by Segment | Low | High | |||||||||||
Electric | $ | 2.16 | $ | 2.29 | $ | 2.35 | |||||||
Manufacturing | 0.33 | 0.21 | 0.27 | ||||||||||
Plastics | 4.77 | 3.26 | 3.50 | ||||||||||
Corporate | (0.09 | ) | (0.08 | ) | (0.04 | ) | |||||||
Total | $ | 7.17 | $ | 5.68 | $ | 6.08 | |||||||
Return on Equity | 19.3 | % | 13.8 | % | 14.6 | % | |||||||