secwatch.observer — SEC 8-K summary
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Issuer:     Otter Tail Corp (OTTR)
CIK:        0001466593
Form:       8-K
Filed at:   2022-08-02T23:59:59+00:00
Accession:  0001466593-22-000048
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Otter Tail Q2 EPS $2.05, up 103% YoY; Raises FY2022 EPS guidance to $6.83-$7.13
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- Q2 revenues $400M (+40% YoY); net income $86M (+104%); diluted EPS $2.05 (+103%).
- Plastics segment net income $64M (+184%) on 86% higher PVC prices; manufacturing net income $7.6M (+32%).
- Electric segment net income $18.9M (+22%) from new commercial load and rate case finalization.
- FY2022 EPS guidance raised to $6.83-$7.13 from $5.15-$5.45; quarterly dividend $0.4125/sh declared.
- Exercised option to purchase Ashtabula III wind farm for $49.7M; close expected Jan 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1466593/000146659322000048/0001466593-22-000048-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1466593/000146659322000048/ottr-20220801.htm
  HTML page:      https://secwatch.observer/filing/0001466593-22-000048

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