secwatch.observer — SEC 8-K summary
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Issuer:     Otter Tail Corp (OTTR)
CIK:        0001466593
Form:       8-K
Filed at:   2022-02-15T23:59:59+00:00
Accession:  0001466593-22-000006
Event type: earnings
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Otter Tail reports record 2021 EPS $4.23; raises dividend 5.8%; guides 2022 EPS $3.78-$4.08
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- 2021 diluted EPS $4.23 vs $2.34 in 2020; Q4 EPS $1.23 vs $0.45 a year ago. Revenue $1.20B (+34.5% YoY).
- Quarterly dividend increased to $0.4125/share ($1.65 annual), a 5.8% increase from $1.56 in 2021.
- 2022 EPS guidance $3.78-$4.08; electric segment net income expected +7%; plastics earnings to decline from 2021 record.
- Electric segment net income +8.5% to $72.5M; plastics segment net income +255% to $97.8M; manufacturing +55.6% to $17.2M.
- Minnesota PUC approved 9.48% ROE in rate case; final rates expected mid-2022. Capex guidance $182M for 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1466593/000146659322000006/0001466593-22-000006-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1466593/000146659322000006/ottr-20220214.htm
  HTML page:      https://secwatch.observer/filing/0001466593-22-000006

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