Otter Tail Earnings Reports

Otter Tail Corporation faced a 3.6% revenue decline and a 5.0% drop in net income in Q4 2024. The Electric segment showed strong growth, benefiting from rate increases and cost control, while the Manufacturing segment struggled with lower sales volumes. Plastics segment sales volumes increased but were offset by lower pricing. Overall, EPS declined by 5.1% YoY.

Otter Tail Corporation reported a decrease in diluted earnings per share by 7% to $2.03 compared to Q3 2023, but increased its 2024 earnings guidance by $0.15 to $7.07 per share. The electric segment saw a 16% increase in earnings, while the plastics segment decreased by 8% and the manufacturing segment decreased by 71%.

Otter Tail Corporation announced a 6% increase in diluted earnings per share to $2.07 compared to Q2 2023. The midpoint of the 2024 earnings guidance was increased by 8% to $6.92 per share. The company received approval from the Minnesota Public Utilities Commission on its Integrated Resource Plan.

Otter Tail Corporation reported strong first quarter results, with diluted earnings per share increasing by 19% to $1.77 compared to the first quarter of 2023. The company has increased its 2024 earnings guidance, driven by stronger than expected performance in the Plastics segment.

Otter Tail Corporation reported a strong Q4 2023, with increased operating revenues and net income. The corporation's board of directors increased the quarterly common stock dividend to $0.4675 per share.

Otter Tail Corporation reported a 9% increase in consolidated net income to $92 million, with diluted earnings per share increasing by 9% to $2.19. The company's performance was driven by strong earnings in the Manufacturing and Plastics segments, while the Electric segment remained flat. Increased 2023 diluted earnings per share guidance to a range of $6.76 to $6.96.

Otter Tail Corporation reported a decrease in consolidated operating revenues and net income for the second quarter of 2023, but increased its full-year diluted earnings per share guidance due to stronger than expected Plastics segment performance.

Otter Tail Corporation reported a decrease in consolidated operating revenues and net income for the quarter ended March 31, 2023, compared to the same period in 2022. However, the Electric and Manufacturing segments delivered double-digit earnings growth. The company increased its 2023 earnings per share guidance due to expected earnings improvements in the Plastics and Manufacturing segments.

Otter Tail Corporation announced its fourth-quarter earnings, revealing a decrease in both operating revenues and net income compared to the previous year. However, the company reported record annual earnings for 2022, driven by strong performance across all operating segments. The company also increased its quarterly dividend and provided earnings guidance for 2023.

Otter Tail Corporation reported exceptional financial results for Q3 2022, driven by its diversified business model. Each operating segment contributed to double-digit earnings growth, with the Plastics segment being a significant contributor. The company is adjusting its 2022 diluted earnings per share guidance due to resin price reductions impacting the Plastics segment.

Otter Tail Corporation reported a 40% increase in consolidated operating revenues, a 104% increase in consolidated net income, and a 103% increase in diluted earnings per share compared to the quarter ended June 30, 2021. The corporation is increasing its 2022 diluted earnings per share guidance range to $6.83 to $7.13 from its previous range of $5.15 to $5.45.

Otter Tail Corporation reported a significant increase in financial performance for the quarter ended March 31, 2022. Consolidated net income increased by 137% to $72 million, with diluted earnings per share rising by 136% to $1.72. The corporation has increased its 2022 diluted earnings per share guidance range to $5.15 to $5.45.

Otter Tail Corporation announced record financial results for the quarter and year ended December 31, 2021. The Plastics segment benefited from unique industry supply and demand conditions, while the Electric segment saw increased earnings due to rate base growth. The company's board of directors increased the quarterly common stock dividend by 5.8%.

Otter Tail Corporation announced strong Q3 2021 results, with net income increasing by 46.8% to $52.8 million, driven by the Plastics segment. The company increased its 2021 diluted earnings per share guidance range to $4.05 to $4.20.

Otter Tail Corporation announced a significant increase in consolidated net income, driven by the Plastics segment's strong performance due to unique market conditions. The corporation increased its 2021 diluted earnings per share guidance range.

Otter Tail Corporation announced strong first quarter results, with consolidated net income increasing 25.0% to $30.3 million, driven primarily by the Plastics segment. Diluted earnings per share increased 21.7% to $0.73. The corporation increased its 2021 diluted earnings per share guidance range to $2.47 to $2.62.

Otter Tail Corporation reported a decrease in net income for Q4 2020, driven by lower performance in the Electric segment and increased corporate costs, although the Manufacturing and Plastics segments showed improvements. The company's full-year earnings per share increased by 7.8%.

Otter Tail Corporation announced a 40% increase in third quarter earnings per share, driven by increased earnings in the Electric and Plastics segments. The company raised and narrowed its 2020 earnings per share guidance range to $2.26-$2.36.

Otter Tail Corporation announced an increase in earnings per share for the second quarter of 2020, driven by the Electric segment's performance. The corporation is increasing its 2020 earnings per share guidance range to $2.10-$2.30 from $2.00-$2.25.

Otter Tail Corporation reported a decrease in consolidated operating revenues by 4.6% to $234.7 million, and a decrease in consolidated net income to $24.3 million, or $0.60 per share, compared to the first quarter of 2019. The corporation revised its 2020 earnings per share guidance range to $2.00-$2.25 from $2.22-$2.37.