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Otter Tail Corporation Announces Second Quarter Earnings; Raises 2017 Earnings Guidance Range, Board of Directors Declares Quarterly Dividend

OTTER TAIL (OTTR)  More Company Research Source: GlobeNewswire
Last otter tail earnings: 2/12 06:00 pm Check Earnings Report
US:NASDAQ Investor Relations: otpco.com/about-us/investor-information
PDF FERGUS FALLS, Minn, Aug. 07, 2017 (GLOBE NEWSWIRE) -- Otter Tail Corporation (NASDAQ:OTTR) today announced financial results for the quarter ended June 30, 2017. Summary: Consolidated operating revenues were $212.1 million compared with $203.5 million for the second quarter of 2016.Consolidated net income and diluted earnings from continuing operations totaled $16.7 million and $0.42 per share, respectively, compared with $15.6 million and $0.41 per share for the second quarter of 2016.Given our strong first half 2017 results we are raising our 2017 consolidated earnings guidance range to $1.65 - $1.80 per diluted share from $1.60 - $1.75 per diluted share. CEO Overview“Employees across the organization improved operations to deliver second quarter earnings per share of $0.42 compared with $0.41 in the second quarter of 2016,” said Otter Tail Corporation President and CEO Chuck MacFarlane. “Our Electric and Plastics segments drove the earnings improvement. The utility had higher [Read more]

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