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Otter Tail's Business Segments
Otter Tail's reported revenue by business segment and by geographic region, quarterly and annual, normalized against the consolidated income statement. Free below: the top 3 rows per table, this quarter and this fiscal year. Subscriber access adds the full segment history and operating income by segment.
Segment Data As of Q1 FY2026
Reportable Segments
3
Largest Segment
Electric
Total Revenue
$ 347
Regions Reported
-
Revenue Share by Reportable Segment - Q1 FY2026
- Electric47.8%
- Plastics26.4%
- Manufacturing25.8%
Revenue by Reportable Segment - Q1 FY2026
| Segment | Revenue (Millions) | % of Total |
|---|---|---|
| Electric | $ 166 | 47.8% |
| Plastics | $ 92 | 26.4% |
| Manufacturing | $ 90 | 25.8% |
Revenue by Product & Service Category - Q1 FY2026
- Product Sales52.2%
- Electric47.8%
- Electronic Product, Retail43%
- Retail, Commercial and Industrial29.1%
- Metal Parts and Tooling22.4%
- Retail, Residential13.3%
- Electric Transmission3.9%
- Plastic Products2.8%
- Retail, Other0.6%
- Scrap Metal0.6%
- Electric Product, Other0.5%
- Wholesale0.4%
Revenue by Product & Service Category - Q1 FY2026
| Category | Revenue (Millions) | % of Total |
|---|---|---|
| Product Sales | $ 181 | 52.2% |
| Electric | $ 166 | 47.8% |
| Electronic Product, Retail | $ 149 | 43% |
Product and service categories are a supplemental disclosure and are not required to sum to consolidated revenue or to the reportable segments above.
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Description of Otter Tail
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.
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.
Otter Tail Corporation is a diversified energy and infrastructure company that serves a critical role in the Upper Midwest region of the United States, engaging in a range of operations across four distinct segments: Electric, Manufacturing, Plastics, and Construction Materials. Each segment operates through various subsidiaries, providing essential products and services to diverse markets.
1. Electric Segment
The Electric segment is anchored by Otter Tail Power Company, which provides electric service to more than 130,000 customers across Minnesota, North Dakota, and South Dakota. The company specializes in generating, transmitting, and distributing electricity and is committed to delivering reliable energy to residential, commercial, and industrial clients.
Key Features:
- Generation Sources: The Electric segment sources electricity from a balanced mix of generation facilities, including coal, natural gas, and renewable energy sources. A significant component of this segment is its wind energy business, which has been instrumental in developing, owning, and operating wind farms throughout the region. This focus on renewable energy aligns with broader trends towards sustainability and reducing carbon footprints.
- Customer Engagement: To ensure a high level of customer satisfaction, Otter Tail Power Company offers energy efficiency programs, billing solutions, and energy consulting services that help customers manage their energy costs effectively.
- Regulatory Compliance: The company adheres to strict regulatory standards set by both state and federal agencies, ensuring environmental compliance and the safety of its electric infrastructure.
Manufacturing Segment
Otter Tail Corporations Manufacturing segment consists of several subsidiaries that cater to various industries such as aerospace, energy, and electrical equipment. This segment is vital for producing specialized products that meet the unique needs of its diverse client base.
Key Features:
- Product Range: This segment manufactures a variety of products, including precision metal components, control panels, and specialized tools and equipment. It serves critical applications across industries, meeting stringent quality standards for performance and safety.
- Innovative Solutions: The manufacturing subsidiaries focus on innovation, utilizing advanced manufacturing technologies and techniques to enhance product quality and efficiency.
- Custom Capabilities: Many offerings in the manufacturing segment can be customized according to specific client needs, allowing for precision-engineered solutions that add value through tailored design and functionality.
Plastics Segment
The Plastics segment is represented by Vinyltech Corporation, which specializes in producing and selling polyvinyl chloride (PVC) pipe and fittings. This segment addresses a range of applications and serves a variety of industries.
Key Features:
- Versatile Product Applications: The PVC products produced by this segment are primarily used in municipal water and wastewater systems, telecommunications infrastructure, and agricultural applications.
- Durability and Compliance: The PVC pipes and fittings are engineered to meet rigorous industry standards for durability and corrosion resistance, providing long-term solutions for infrastructure needs.
- Sustainability: Vinyltech Corporation is also focused on sustainable practices in production, aiming to reduce environmental impact while maintaining product quality.
Construction Materials Segment
Central Specialties, Inc. operates within the Construction Materials segment, specializing in the production of essential building materials, including asphalt, concrete, and aggregate. This segment is fundamental to the regions infrastructure development.
Key Features:
- Product Distribution: The Construction Materials segment provides materials that meet the specific needs of contractors, municipalities, and transportation agencies. Their products are integral to road construction, bridge building, and various other construction projects.
- Quality and Regulatory Standards: Products manufactured within this segment adhere to rigorous quality controls and meet state and federal regulatory standards, ensuring safety and reliability for construction projects.
- Market Responsiveness: The Construction Materials segment is agile in responding to changes in demand within the construction sector, allowing it to capitalize on local and regional development trends.
Conclusion
In summary, Otter Tail Corporation stands as a critical player in the diversified sectors of energy, manufacturing, plastics, and construction materials. Through its commitment to sustainability, innovation, and quality, the company effectively meets a broad range of customer needs while contributing to the economic development and infrastructure resilience of the Upper Midwest region. With a strategic focus on operational excellence across its segments, Otter Tail Corporation continues to play a vital role in advancing regional energy solutions and infrastructure development.
1. Electric Segment
The Electric segment is anchored by Otter Tail Power Company, which provides electric service to more than 130,000 customers across Minnesota, North Dakota, and South Dakota. The company specializes in generating, transmitting, and distributing electricity and is committed to delivering reliable energy to residential, commercial, and industrial clients.
Key Features:
- Generation Sources: The Electric segment sources electricity from a balanced mix of generation facilities, including coal, natural gas, and renewable energy sources. A significant component of this segment is its wind energy business, which has been instrumental in developing, owning, and operating wind farms throughout the region. This focus on renewable energy aligns with broader trends towards sustainability and reducing carbon footprints.
- Customer Engagement: To ensure a high level of customer satisfaction, Otter Tail Power Company offers energy efficiency programs, billing solutions, and energy consulting services that help customers manage their energy costs effectively.
- Regulatory Compliance: The company adheres to strict regulatory standards set by both state and federal agencies, ensuring environmental compliance and the safety of its electric infrastructure.
Manufacturing Segment
Otter Tail Corporations Manufacturing segment consists of several subsidiaries that cater to various industries such as aerospace, energy, and electrical equipment. This segment is vital for producing specialized products that meet the unique needs of its diverse client base.
Key Features:
- Product Range: This segment manufactures a variety of products, including precision metal components, control panels, and specialized tools and equipment. It serves critical applications across industries, meeting stringent quality standards for performance and safety.
- Innovative Solutions: The manufacturing subsidiaries focus on innovation, utilizing advanced manufacturing technologies and techniques to enhance product quality and efficiency.
- Custom Capabilities: Many offerings in the manufacturing segment can be customized according to specific client needs, allowing for precision-engineered solutions that add value through tailored design and functionality.
Plastics Segment
The Plastics segment is represented by Vinyltech Corporation, which specializes in producing and selling polyvinyl chloride (PVC) pipe and fittings. This segment addresses a range of applications and serves a variety of industries.
Key Features:
- Versatile Product Applications: The PVC products produced by this segment are primarily used in municipal water and wastewater systems, telecommunications infrastructure, and agricultural applications.
- Durability and Compliance: The PVC pipes and fittings are engineered to meet rigorous industry standards for durability and corrosion resistance, providing long-term solutions for infrastructure needs.
- Sustainability: Vinyltech Corporation is also focused on sustainable practices in production, aiming to reduce environmental impact while maintaining product quality.
Construction Materials Segment
Central Specialties, Inc. operates within the Construction Materials segment, specializing in the production of essential building materials, including asphalt, concrete, and aggregate. This segment is fundamental to the regions infrastructure development.
Key Features:
- Product Distribution: The Construction Materials segment provides materials that meet the specific needs of contractors, municipalities, and transportation agencies. Their products are integral to road construction, bridge building, and various other construction projects.
- Quality and Regulatory Standards: Products manufactured within this segment adhere to rigorous quality controls and meet state and federal regulatory standards, ensuring safety and reliability for construction projects.
- Market Responsiveness: The Construction Materials segment is agile in responding to changes in demand within the construction sector, allowing it to capitalize on local and regional development trends.
Conclusion
In summary, Otter Tail Corporation stands as a critical player in the diversified sectors of energy, manufacturing, plastics, and construction materials. Through its commitment to sustainability, innovation, and quality, the company effectively meets a broad range of customer needs while contributing to the economic development and infrastructure resilience of the Upper Midwest region. With a strategic focus on operational excellence across its segments, Otter Tail Corporation continues to play a vital role in advancing regional energy solutions and infrastructure development.