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Otter Tail Corporation  (OTTR)
Other Ticker:  
 
    Sector  Utilities    Industry Electric Utilities
   Industry Electric Utilities
   Sector  Utilities
 
Price: $90.1700 $-0.46 -0.508%
Day's High: $90.925 Week Perf: -8.78 %
Day's Low: $ 88.77 30 Day Perf: 7.03 %
Volume (M): 434 52 Wk High: $ 99.49
Volume (M$): $ 39,161 52 Wk Avg: $78.70
Open: $90.19 52 Wk Low: $67.55



 Market Capitalization (Millions $) 3,790
 Shares Outstanding (Millions) 42
 Employees 2,326
 Revenues (TTM) (Millions $) 1,349
 Net Income (TTM) (Millions $) 658
 Cash Flow (TTM) (Millions $) 111
 Capital Exp. (TTM) (Millions $) 287

Otter Tail Corporation
Otter Tail Corporation is a diversified holding company based in Fergus Falls, Minnesota. The corporation was founded in 1907 and has since been operating several subsidiaries across various sectors, including manufacturing, electric and gas utilities, plastics and polymer technology, and transportation. The company also has its headquarters in Fergus Falls, Minnesota.

Electric and Gas Utilities:

Otter Tail Corporation is the parent company of Otter Tail Power Company, which is a regulated electric utility that distributes electricity to over 130,000 customers in Minnesota, North Dakota, and South Dakota. The company also has a gas utility subsidiary named Otter Tail Energy Services.

Manufacturing:

Another subsidiary of the company is BTD Manufacturing, which specializes in metal fabrication and powder coating. BTD Manufacturing offers a wide range of services, including laser cutting, stamping, welding, and assembly.

Plastics and Polymer Technology:

Otter Tail Corporation owns DMI Industries, a subsidiary that specializes in the fabrication of wind turbine towers, as well as Polymer Conversions, which provides injection molding and tooling services to the medical, aerospace, and other different industries.

Transportation:

The company also owns two transportation subsidiaries, including Northern Pipe Products and T.O. Plastics, which offers custom thermoformed plastic packaging solutions for several industries.

In terms of financials, Otter Tail Corporation has reported consistent and steady revenue growth over the years. It recorded a revenue of $920 million in 2019, which was an increase of7% from 2018. The company's net income also grew by 2% to $82.7 million in 2019. Furthermore, the corporation's total assets increased by almost 9% from $1.7 billion in 2018 to $1.85 billion in 2019.

Finally, Otter Tail Corporation has established itself as a socially responsible corporation, implementing strong environmental protection policies that align the corporation's operations with environmental sustainability. For example, Otter Tail Power Company has exceeded its renewable energy goals by adding more wind and solar resources to its generation mix, reducing carbon emissions in the process. Additionally, Otter Tail Corporation has invested in local projects and activities, supporting the communities where it operates.


   Company Address: 215 South Cascade Street Fergus Falls 56538 MN
   Company Phone Number: 410-8780   Stock Exchange / Ticker: NASDAQ OTTR
   


   

Stock Performances by Major Competitors

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Otter Tail Corporation

Otter Tail Corporation Achieves Impressive 37.16% Earnings Per Share Growth in Q4 20232.

Otter Tail Corporation, a leading player in the Electric Utilities industry, has recently announced its financial results for the fiscal interval ending December 31, 2023. The company has reported impressive earnings per share (EPS) growth, outpacing revenue growth during this period. The EPS soared by 37.16% to $1.37 per share, while revenue advanced by 4.281% to $314.31 million compared to the previous reporting season.
In comparison to its industry counterparts, Otter Tail Corporation has shown resilience and maintained revenue growth, whereas many other companies in the Electric Utilities industry have experienced business contraction over the same period. This indicates the company's strong performance and ability to adapt to changing market conditions.

Otter Tail Corporation

Electric Utilities Company Boosts Bottom-line by an Impressive 8.96% during Recent Fiscal Period



The stock market is a dynamic world that can often be difficult to navigate. Investors are constantly on the lookout for companies that exhibit growth potential, despite facing challenging market conditions. Otter Tail Corporation, a prominent player in the Electric Utilities sector, has managed to do just that. Despite a decline in revenue, the company has demonstrated impressive earnings growth and improved profit margins, making it an interesting prospect for savvy investors.
Earnings Per Share Growth:
In the most recent fiscal period, Otter Tail Corporation reported earnings per share (EPS) of $2.19, representing an 8.96% increase from the previous year. This growth is impressive, considering the weak revenue performance, and showcases the company's ability to efficiently manage its expenses and optimize profitability. Furthermore, EPS also increased by 12.31% from the previous quarter, indicating a consistent upward trend.

Otter Tail Corporation

Dramatic Revenue Contraction Stirs the Waters at Otter Tail Corporation in Q2 2023

Financial Second Quarter of 2023 Shows Decrease in Revenue and Income for Otter Tail Corporation
During the financial second quarter of 2023, Otter Tail Corporation experienced a decline in both revenue and income. Income decreased by -4.88% to $1.95 per share, while revenue dropped by -15.579% year on year. Revenue for the quarter stood at $337.72 million compared to $400.04 million in the same period the previous year.
However, there was a positive trend when compared to the preceding three months. Income grew by 30.87% from $1.49 per share, although revenue decreased slightly by -0.403% from $339.08 million.

Otter Tail Corporation

revenue regressed, at OTTR in the fiscal first quarter of 2023

Despite a decrease in income and revenue, Otter Tail Corporation is poised for growth in the coming years. The substantial increase in Income per Share by 49.12% from the previous financial reporting period is a positive sign that the company's operations are improving. Additionally, revenue sequentially advanced by 12.499%, showing that the company is rebounding from a difficult financial period.
Although the bottom-line fell by -13.22% from the corresponding period a year before, the fact that the decrease was not more significant is a sign that the company is stabilized in terms of profitability. This is further supported by the mitigated operating margin of 23.79% and a net margin of 18.43%. While these margins may have shrank, they still remain profitable, showing that the company is still in a good position.






 

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Otter Tail does not provide revenue guidance.

Earnings Outlook
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Geographic Revenue Dispersion




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