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Otter Tail Corporation (NASDAQ: OTTR) |
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Price: $83.8200
$0.41 
0.492%
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| Day's High:
| $85.48999786376953
| Week Perf:
| -7.3 %
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| Day's Low: |
$ 82.03 |
30 Day Perf: |
-6.03 % |
| Volume (M): |
471,651 |
52 Wk High: |
$ 95.09 |
| Volume (M$): |
$ 0 |
52 Wk Avg: |
$87.69 |
| Open: |
$84.00 |
52 Wk Low: |
$80.00 |
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| Market Capitalization (Millions $) |
3,535 |
| Shares
Outstanding (Millions) |
42 |
| Employees |
2,198 |
| Revenues (TTM) (Millions $) |
1,302 |
| Net Income (TTM) (Millions $) |
282 |
| Cash Flow (TTM) (Millions $) |
23 |
| Capital Exp. (TTM) (Millions $) |
399 |
Business Description
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
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| Business Update
Published Wed, Jun 4 2025 6:41 PM UTC
Fergus Falls, Minn. - In a significant move reflecting the challenges faced by utility providers, Otter Tail Power Company, a wholly owned subsidiary of Otter Tail Corporation (Nasdaq: OTTR), has officially filed a request with the South Dakota Public Utilities Commission (PUC) for an increase in its electric rates. This request comes amid escalating costs required to mainta...
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| Business Update
Published Sat, Jan 4 2025 4:33 PM UTC
Otter Tail Power Company Secures Rate Increase Amid Plans for Renewable Energy Expansion In a significant development for North Dakota consumers, the North Dakota Public Service Commission (PSC) has approved a $13.1 million net increase in electric service rates for Otter Tail Power Company, effective December 30, 2023. This adjustment translates to an average increase of ap...
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| Business Update
Published Sat, Jan 4 2025 2:54 PM UTC
Balancing Growth and Sustainability: Otter Tail Power Company s Recent Developments in Energy ServicesIn a series of strategic advancements, Otter Tail Power Company, a wholly-owned subsidiary of Otter Tail Corporation (Nasdaq: OTTR), has adeptly navigated the complex landscape of energy service regulation and renewables integration, reinforcing its commitment to providing ...
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| Business Update
Published Tue, Dec 31 2024 6:35 AM UTC
In a strategic move to align with rising operational costs, the North Dakota Public Service Commission (PSC) has approved a $13.1 million net increase in electric service rates for Otter Tail Power Company, one of the state s key utility providers. The decision, finalized on December 30th, will result in an average increase of 6.18 percent, marking the first comprehensive ra...
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| Business Update
Published Tue, Dec 10 2024 5:34 AM UTC
In a bold move towards sustainability and increased energy capacity, Otter Tail Power Company, a fully-owned subsidiary of Otter Tail Corporation (Nasdaq: OTTR), is advancing plans to add a substantial 345 megawatts of solar power to its generation portfolio in Fergus Falls, Minnesota. This initiative reflects a growing commitment to renewable energy as the utility company s...
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Fundamental Analysis
| Per Share |
Current |
| Earnings (TTM) |
2.73 $ |
| Revenues (TTM) |
30.88 $
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| Cash Flow (TTM) |
0.54 $ |
| Cash |
6.32 $
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| Book Value |
45.36 $
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| Dividend (TTM) |
2.26 $ |
| Efficiency
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Current |
| Revenue per Employee
(TTM) |
592,375 |
| Net
Income per Employee (TTM) |
128,521 |
| Receivable Turnover Ratio (TTM) |
7.44 |
| Inventory Turnover Ratio (TTM) |
3.67 |
| Asset Turnover Ratio (TTM) |
0.31 |
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| Per Share |
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| Earnings (TTM) |
2.73 $
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| Revenues (TTM) |
30.88 $ |
| Cash Flow (TTM) |
0.54 $ |
| Cash |
6.32 $
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| Book Value |
45.36 $ |
| Dividend (TTM) |
2.26 $ |
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| Electric |
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 1.36 % |
of total Revenue |
| Product Sales |
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182.79 % |
of total Revenue |
| Retail, Residential |
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34.69 % |
of total Revenue |
| Retail, Commercial and Industrial |
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80.3 % |
of total Revenue |
| Retail, Other |
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2.02 % |
of total Revenue |
| Electronic Product, Retail |
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117 % |
of total Revenue |
| Electric Transmission |
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12.63 % |
of total Revenue |
| Electric Product, Other |
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2.11 % |
of total Revenue |
| Metal Parts and Tooling |
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73.54 % |
of total Revenue |
| Plastic Products |
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8.87 % |
of total Revenue |
| Scrap Metal |
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2 % |
of total Revenue |
| Manufacturing |
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84.41 % |
of total Revenue |
| Plastics |
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98.38 % |
of total Revenue |
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On November 5 2024 the Otter Tail provided following guidance
nnOtter Tail Corporation Announces Third Quarter Financial Results and Raises Annual Earnings Outlook for 2024nn
Otter Tail Corporation (Nasdaq: OTTR) has revealed its financial performance for the quarter ending September 30, 2024. In an encouraging update, the company has revised its earnings guidance for the fiscal year 2024, increasing the midpoint estimate by $0.15 to now forecast earnings of $7.07 per share.
nnFinancial Highlights:nn
- For the third quarter of 2024, diluted earnings per share recorded a decrease of 7%, totaling $2.03 per share, compared to the same quarter in 2023.
- The company achieved a robust return on equity of 20% over the past twelve months, reflecting ...
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