secwatch.observer — SEC 8-K summary
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Issuer:     Otter Tail Corp (OTTR)
CIK:        0001466593
Form:       8-K
Filed at:   2022-05-03T23:59:59+00:00
Accession:  0001466593-22-000027
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1466593/000146659322000027/0001466593-22-000027-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1466593/000146659322000027/ottr-20220502.htm
  HTML page:      https://secwatch.observer/filing/0001466593-22-000027

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer