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) announced a quarterly dividend of $0.39 per share and reported strong financial results for Q3 2021, with revenue rising 34.2% to $316.3 million and net income increasing 46.8% to $52.8 million. Diluted EPS surged by 44.8% to $1.26. The company raised its 2021 EPS guidance to a range of $4.05 to $4.20, reflecting significant growth from $2.34 in 2020, largely driven by the strong performance of the Plastics segment amidst PVC supply constraints. However, electric segment earnings declined due to higher maintenance costs.
Otter Tail Corporation (OTTR) will release its Q3 2021 earnings results after market close on November 1, 2021. A live conference call will be held the following day, November 2, 2021, at 10:00 a.m. CDT to discuss the company's financial and operational performance. Accompanying presentation materials will be available on the company's website before the webcast. Participants can access the call by dialing 877-312-8789 for questions or 866-634-1342 for listen-only access.
Otter Tail Power Company has submitted its Integrated Resource Plan (IRP) to regulatory commissions in Minnesota, North Dakota, and South Dakota. The two-year analysis aims to ensure reliable and affordable electricity for customers over the next 15 years. Key proposals include adding dual fuel capability at Astoria Station, increasing solar capacity by 150 megawatts, and beginning the withdrawal from its 35% stake in Coyote Station by 2028. The company targets a 50% reduction in carbon emissions by 2025 and aims for 35% of energy from renewable sources by 2023.
Otter Tail Corporation (Nasdaq: OTTR) reported a 48.2% increase in consolidated operating revenues for Q2 2021 to $285.6 million, with net income rising 147.7% to $42.1 million. Diluted earnings per share soared 140.5% to $1.01. The company has raised its earnings guidance for 2021 to $3.50 to $3.65, reflecting anticipated robust performance in the Plastics segment, driven by PVC resin supply constraints. The Electric segment also reported strong second-quarter earnings, benefiting from new projects and improved market conditions.
Otter Tail Corporation will release its second quarter 2021 earnings results on August 2, 2021, after market close. A live conference call and webcast is scheduled for August 3, 2021, at 10:00 a.m. CDT to discuss the company’s financial and operational performance. The conference call can be accessed by dialing 877-312-8789 for questions or 866-634-1342 for listening only. Accompanying slides will be available on their website prior to the webcast. Otter Tail Corporation operates in electric utility and manufacturing sectors and trades under the symbol OTTR.
Otter Tail Corporation (OTTR) reported a significant financial performance for Q1 2021, with operating revenues rising 11.5% to $261.7 million and net income increasing 25.0% to $30.3 million. The diluted earnings per share rose 21.7% to $0.73. The company has revised its 2021 EPS guidance to $2.47-$2.62, reflecting growth of 5% to 12% from 2020's $2.34. Key drivers include strong performance in the Plastics segment and improvements in utility operations.
Otter Tail Corporation will announce its first quarter 2021 earnings results on May 3, 2021, after market close. A live conference call will take place on May 4, 2021, at 10:00 a.m. CDT, to discuss financial and operational performance. Accompanying slides will be available on the corporation’s website before the call. Investors can access the call by dialing 877-312-8789 for questions and 866-634-1342 for listening only. Otter Tail Corporation trades under the symbol OTTR on NASDAQ.
Otter Tail Corporation (NASDAQ: OTTR) conducted its 111th virtual-only annual meeting on April 12, 2021, with 80.6% of shares represented. Shareholders reelected Karen M. Bohn, Charles S. MacFarlane, and Thomas J. Webb for three-year terms on the board. Karen Bohn is the Chair of the Corporate Governance Committee, while MacFarlane also serves as CEO. Webb brings extensive experience as a former CFO. Otter Tail Corporation operates in diversified sectors, including electric utilities and manufacturing.
Otter Tail Corporation (Nasdaq: OTTR) reported 2020 financial results with consolidated operating revenues of $890.1 million, a decrease from $919.5 million in 2019, primarily due to COVID-19 impacts on the Manufacturing segment. However, net income rose 10.4% to $95.9 million, and diluted earnings per share increased 7.8% to $2.34. The board announced a 5.4% dividend increase to $0.39 per share. The company expects EPS in 2021 to be between $2.39 and $2.54. Key projects include a $260 million wind facility and a $152.5 million gas turbine facility.
Otter Tail Corporation (NASDAQ: OTTR) increased its quarterly common stock dividend to $0.39 per share, raising the annual indicated dividend rate to $1.56, an $0.08 increase over 2020. The dividend, reflecting a 5.4% hike, demonstrates the board's confidence in sustainable earnings. This is the 82nd year of consistent dividends, with the payout scheduled for March 10, 2021 to shareholders of record on February 12, 2021. An announcement for the year-end 2020 financial results will occur on February 15, 2021.
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