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Stock impact report

Otter Tail Corporation Announces Record Annual Earnings and Increases Long-Term Financial Targets

Otter Tail Corporation (OTTR) 
Last otter tail corporation earnings: 2/17 05:00 pm Check Earnings Report
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 and year ended December 31, 2024.SUMMARYProduced record earnings, with annual diluted earnings per share of $7.17.Achieved a consolidated return on equity of 19.3% on an equity ratio of 62.2%.Updated our electric utility’s five-year rate base compounded annual growth rate to 9.0% from 7.7%.Increased our long-term earnings per share growth rate target to 6 to 8%.CEO OVERVIEW“Otter Tail Corporation produced record earnings in 2024, generating diluted earnings per share of $7.17,” said President and CEO Chuck MacFarlane. “Executing on our strategy coupled with the hard work and dedication of our team members made this level of success possible and I am grateful for their contributions.“Otter Tail Power continues to perform well, converting our 2024 rate base growth into earnings growth at approximately a 1:1 ratio. We continue to execute on our regulatory prio Show less Read more
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