Otter Tail Corporation Announces First Quarter Earnings and Increases 2024 Annual Earnings Guidance
Otter Tail Corporation (OTTR)
Last otter tail corporation earnings: 2/17 05:00 pm
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US:NASDAQ Investor Relations:
otpco.com/about-us/investor-information
Company Research
Source: Business Wire
FERGUS FALLS, Minn.--(BUSINESS WIRE)--Otter Tail Corporation (Nasdaq: OTTR) today announced financial results for the quarter ended March 31, 2024.SUMMARYDiluted earnings per share increased 19% to $1.77 per share compared to the first quarter of 2023.Midpoint of 2024 earnings guidance increased 21% to $6.38 per share.Return on equity of 22% over the trailing twelve months.CEO OVERVIEW“We are pleased with our overall first quarter financial results,” said President and CEO Chuck MacFarlane, “as our team members navigate changing market conditions and we continue to benefit from our diversified business model. Plastics segment earnings increased 39 percent as compared to the first quarter of 2023 due to higher sales volumes driven by customer sales volume growth and strong distributor and end market demand. Electric segment earnings decreased modestly, primarily driven by weather related headwinds as our service territories experienced a much warmer than normal start to the year. M
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News
- Otter Tail Corporation Announces First Quarter Earnings and Increases 2024 Annual Earnings Guidance [Yahoo! Finance]Yahoo! Finance
- Otter Tail Corporation Declares Quarterly DividendBusiness Wire
- Otter Tail Corporation Will Host Conference Call on First Quarter 2024 Financial ResultsBusiness Wire
- With 61% ownership of the shares, Otter Tail Corporation (NASDAQ:OTTR) is heavily dominated by institutional owners [Yahoo! Finance]Yahoo! Finance
- Josh Reidy Builds Thread To Modernize The Power Grid [Forbes]Forbes
OTTR
Earnings
- 2/12/24 - Beat
OTTR
Sec Filings
- 5/8/24 - Form 10-Q
- 5/7/24 - Form 8-K
- 5/3/24 - Form S-3ASR
- OTTR's page on the SEC website