Welcome to our dedicated page for Otter Tail news (Ticker: OTTR), a resource for investors and traders seeking the latest updates and insights on Otter Tail stock.
Otter Tail Corporation (NASDAQ: OTTR) is a holding company with diversified operations that include an electric utility and manufacturing businesses. This news page aggregates company-issued updates, market announcements, and regulatory communications so readers can follow how developments across Otter Tail’s Electric, Manufacturing, and Plastics segments affect OTTR stock.
News coverage for Otter Tail commonly features quarterly and annual earnings releases, where the company reports segment-level results, cash flows, liquidity, and updated earnings guidance. These reports often highlight performance in the Electric segment, trends in metal fabrication demand in the Manufacturing segment, and pricing and volume dynamics in the Plastics segment, including PVC pipe demand and resin cost movements.
Because Otter Tail Power Company is a regulated utility serving customers in states such as Minnesota, South Dakota, and North Dakota, another key category of news involves rate case filings and regulatory decisions. Press releases have detailed requests to increase electric rates, explanations of how proposed changes support infrastructure investments and grid resilience, and descriptions of the regulatory review process with state public utilities commissions.
Investors and analysts also monitor capital investment updates, renewable generation projects, and major capacity expansions in manufacturing and plastics operations, such as new production lines or facility ramp-ups. Corporate governance items, including Board appointments and director retirements, are disclosed through both SEC filings and press releases and appear in the news flow as well.
By reviewing Otter Tail Corporation news in one place, readers can track how management adjusts guidance, responds to weather events and market conditions, and advances long-term plans for rate base growth and diversification. Bookmark this page to follow the latest OTTR earnings releases, regulatory updates, and corporate announcements as they are published.
Otter Tail Corporation (OTTR) reported strong financial results for 2022, achieving a 61% increase in net income to $284.2 million, with diluted earnings per share (EPS) up 60% to $6.78. Total operating revenues rose 22% to $1.46 billion. The board approved a quarterly dividend increase of 6.1% to $0.4375 per share. The company expects EPS in 2023 to range from $3.76 to $4.06. The plastics segment saw record profits but anticipates normalization in 2023 due to reduced demand. Electric segment earnings increased 10% due to higher demand and favorable weather conditions.
Otter Tail Corporation (NASDAQ: OTTR) has announced an increase in its quarterly common stock dividend to $0.4375 per share, raising the annual indicated rate to $1.75, marking a $0.10 increase from 2022. The dividend is scheduled for payment on March 10, 2023, to shareholders of record as of February 14, 2023. This 6.1% increase reflects the Board's confidence in the company's ability to deliver sustainable earnings and cash flows. Otter Tail has paid dividends consistently for 84 years and expects future increases aligned with a long-term growth rate of 5-7%, maintaining a payout ratio of 55-65%%.
Otter Tail Corporation will announce its 2022 earnings results on February 13, 2023, and will host a live conference call on February 14, 2023, at 10:00 a.m. CT to discuss its financial and operational performance. The accompanying presentation slides will be available on the company's website prior to the webcast. Interested participants can pre-register for the conference call to obtain the necessary dial-in details. The company operates in diversified sectors, including an electric utility and manufacturing, and trades under the symbol OTTR on NASDAQ.
Otter Tail Corporation announces the retirement of board member James Stake after 14 years, effective April 2023. Jeanne Crain and Mary Ludford have been appointed to the Board, effective January 1, 2023. Crain brings extensive financial expertise and leadership experience from a $16 billion financial services organization, while Ludford has 39 years in the energy sector with a Fortune 100 company. Stake's departure may signal a transition in board dynamics as the company aims to enhance governance and oversight.
Otter Tail Corporation (OTTR) reported a 21% increase in consolidated operating revenues to $384 million for Q3 2022, with net income rising 60% to $84 million, translating to a diluted EPS of $2.01. The Plastics segment saw significant earnings growth, generating $56 million, although demand for PVC pipe declined due to price reductions in resin. The company has adjusted its 2022 diluted EPS guidance to a range of $6.42 to $6.72 due to expected sales volume reductions in the Plastics segment. A quarterly dividend of $0.4125 per share was declared, payable on December 9, 2022.
Otter Tail Corporation will announce its third quarter 2022 earnings results on October 31, 2022, followed by a live conference call on November 1, 2022, at 10:00 a.m. CT. This call will cover the company’s financial and operating performance. Accompanying slides will be available on the corporation's website prior to the webcast. Interested parties can access the webcast here.
Otter Tail Corporation (OTTR) reported robust financial results for the quarter ended June 30, 2022. Operating revenues surged 40% to $400 million, with net income rising 104% to $86 million. Diluted EPS also jumped 103% to $2.05. The company has revised its 2022 EPS guidance to a range of $6.83 to $7.13, up from $5.15 to $5.45. Key growth drivers included strong demand in the Plastics segment and improved earnings from Electric and Manufacturing segments. A quarterly dividend of $0.4125 per share was also declared, payable on September 9, 2022.
Otter Tail Corporation will release its second quarter 2022 earnings results on August 1, 2022. A live conference call and webcast will follow on August 2, 2022, at 10:00 a.m. CT to discuss financial performance. The presentation slides will be available on the corporation’s website prior to the event. Investors can pre-register for the call for access details. Otter Tail operates in diversified sectors, including electric utilities and manufacturing.
Otter Tail Corporation (OTTR) reported robust financial results for Q1 2022, with consolidated operating revenues up 43% to $375 million and net income soaring 137% to $72 million. Diluted earnings per share (EPS) rose 136% to $1.72. The company raised its 2022 EPS guidance to $5.15 - $5.45, indicating a growth of 22% to 29% from 2021. The Plastics segment excelled, driven by high demand despite increasing resin prices. However, the Manufacturing segment faced a 24.2% income drop due to production inefficiencies. The corporation maintains a capital expenditure outlook of nearly $1 billion over five years.
Otter Tail Corporation will announce its first quarter 2022 earnings results on May 2, 2022. A conference call and webcast will follow on May 3, 2022, at 10:00 a.m. CT to discuss its financial and operating performance. Investors can access the slides and live webcast on the company’s website. Questions can be asked during the call by dialing 877-312-8789, with a separate number for listening only. The company's operations include an electric utility and manufacturing businesses, trading under the symbol OTTR.