Otter Tail Corporation Announces Third Quarter Earnings, Increases Consolidated 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 September 30, 2024.SUMMARYMidpoint of 2024 earnings guidance increased $0.15 to $7.07 per share.Diluted earnings per share decreased 7% to $2.03 per share compared to the third quarter of 2023.Return on equity of 20% over the trailing twelve months.CEO OVERVIEW“Our team members continue to perform well as they navigate changing market conditions,” said President and CEO Chuck MacFarlane. “While third quarter earnings were lower than the same time last year, electric segment earnings increased 16 percent, or $4 million, primarily due to the impact of interim rates in North Dakota and the financial impact of a Federal Energy Regulatory Commission ruling on transmission owner returns on equity. Plastics segment earnings decreased 8 percent, or $5 million, as the sales prices of PVC pipe continue to decline. The manufacturing segment is experiencing deman
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News
- Otter Tail Co. (NASDAQ: OTTR) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- Otter Tail Co. (NASDAQ: OTTR) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- Otter Tail Corp (OTTR) Q3 2024 Earnings Call Highlights: Navigating Challenges with Strategic Growth [Yahoo! Finance]Yahoo! Finance
- Otter Tail Corporation (OTTR) Q3 2024 Earnings Call Transcript [Seeking Alpha]Seeking Alpha
- Otter Tail (OTTR) Q3 Earnings Top Estimates [Yahoo! Finance]Yahoo! Finance
OTTR
Earnings
- 11/4/24 - Beat
OTTR
Sec Filings
- 11/7/24 - Form 10-Q
- 11/5/24 - Form 8-K
- 10/3/24 - Form SC
- OTTR's page on the SEC website