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 (OTTR) operates at the intersection of energy innovation and industrial manufacturing, serving customers across the Midwest and Canada. This news hub provides investors and stakeholders with timely updates on the company’s electric utility operations, manufacturing advancements, and infrastructure developments.
Access consolidated financial announcements, operational milestones, and strategic initiatives in one centralized location. Our curated collection includes earnings reports, regulatory filings, partnership announcements, and technology implementation updates relevant to OTTR’s diversified business model.
Key focus areas span energy production innovations, industrial fabrication projects, and plastics processing advancements. Users will find updates on grid modernization efforts, manufacturing capacity expansions, and sustainability initiatives aligned with the company’s operational strategy.
Bookmark this page for streamlined access to Otter Tail Corporation’s latest developments. Combine these updates with SEC filings and market analysis for comprehensive investment research.
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.
Otter Tail Corporation (OTTR) reported strong financial results for the fourth quarter and full year of 2021. Operating revenues surged by 34.5% to $1.2 billion, while net income climbed 84.4% to $176.8 million, yielding a diluted earnings per share (EPS) of $4.23, an 80.8% increase year-over-year. The company declared a dividend increase to $0.4125 per share, reflecting a 5.8% hike from 2021. Looking ahead, Otter Tail projects 2022 EPS between $3.78 and $4.08, driven by growth in its Electric and Manufacturing segments.
Otter Tail Corporation (NASDAQ: OTTR) has raised its quarterly common stock dividend to $0.4125 per share, resulting in an annual indicated rate of $1.65, reflecting a $0.09 increase over 2021. The dividend is payable on March 10, 2022, to shareholders on record as of February 15, 2022. This marks the 83rd year of continuous dividends, showcasing the board's confidence in sustainable earnings and cash flows. Future dividends are expected to align with earnings growth, maintaining a payout ratio of 60-70%.
Otter Tail Corporation will release its 2021 earnings results on February 14, 2022, followed by a conference call on February 15, 2022, at 9:00 a.m. CT. This call will cover the company's financial and operational performance. Interested parties can listen via the webcast, with accompanying slides available on the company's website beforehand. For questions, participants can dial in during the conference call. Otter Tail operates in diversified sectors, including electric utilities and manufacturing, under the NASDAQ symbol OTTR.
Otter Tail Corporation announces the retirement of Board Member Timothy O’Keefe at the upcoming April Annual Meeting. O’Keefe has served for eight years, contributing valuable insights in marketing and public policy. He is succeeded by Dr. Michael LeBeau, effective January 1, 2022. Dr. LeBeau brings extensive experience in health and public policy as the Chief Administrative Officer at Sanford Health. His leadership is expected to enhance the board’s perspective and insights, particularly in relation to North Dakota.
