Otter Tail Q1 EPS $1.72 (+136% YoY); raises 2022 guidance to $5.15-$5.45

Otter Tail Corp

2022-Q1 EPS reported $1.72 revenue$374,904,000

Diluted EPS $1.72, net income $72M, revenue $375M (+43% YoY); all records for Q1.
Plastics segment net income $50.8M (+456% YoY) on 125% PVC pipe price increase vs 52% resin cost increase.
Electric segment net income $19.2M (+9.4%) on favorable weather and C&I load; new 100 MW data center customer began ops.
2022 EPS guidance raised to $5.15-$5.45 from $3.78-$4.08; midpoint implies 25% growth over 2021's $4.23.
Quarterly dividend $0.4125/sh, payable June 10 to shareholders of record May 13.

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