---
schema_version: "secwatch.filing_event.v1"
accession: "0001466593-22-000070"
form_type: "8-K"
ticker: "OTTR"
cik: "0001466593"
company_name: "Otter Tail Corp"
filed_at: "2022-11-01T23:59:59+00:00"
generated_at: "2026-06-22T17:56:19.045963+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Otter Tail posts record Q3 EPS $2.01, up 60% YoY; cuts FY2022 guidance to $6.42-$6.72

## Summary
- Q3 net income $84M, diluted EPS $2.01 (up 60% YoY); revenues $384M, up 21%.
- Plastics segment net income $56M (up 97%) on elevated PVC margins; demand softening due to resin price declines.
- FY2022 EPS guidance lowered to $6.42-$6.72 from $6.83-$7.13; midpoint still 55% above 2021 EPS of $4.23.
- Board declares quarterly dividend $0.4125/share, payable Dec 9, 2022, record Nov 15, 2022.
- Otter Tail Corp and OTP each entered new $170M revolving credit facilities, maturing Oct 2027; no amounts drawn initially.

## SEC filing metadata
- accession: 0001466593-22-000070
- form_type: 8-K
- ticker: OTTR
- cik: 0001466593
- company_name: Otter Tail Corp
- filed_at: 2022-11-01T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 2.03, 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1466593/000146659322000070/0001466593-22-000070-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1466593/000146659322000070/ottr-20221031.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001466593-22-000070
- JSON: https://secwatch.observer/filing/0001466593-22-000070.json
- Plain text: https://secwatch.observer/filing/0001466593-22-000070.txt

## Key facts
- Earnings Releases
  Otter Tail Corp reported the quarter ended September 30, 2022 results: revenue $384 million, net income $84 million, EPS $2.01 per share. Guidance reaffirmed.
  - Period: the quarter ended September 30, 2022
  - Revenue: $384 million
  - Net income: $84 million
  - EPS: $2.01 per share
  - Guidance: reaffirmed
  - Result: reported results
  source text: Otter Tail Corporation (Nasdaq: OTTR) today announced financial results for the quarter ended September 30, 2022. SUMMARY Compared to the quarter ended September 30, 2021: • Consolidated operating revenues increased 21% to $384 million. • Consolidated net income increased 60% to $84 million. • Diluted earnings per share increased 60% to $2.01 per share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1466593/000146659322000070/0001466593-22-000070-index.htm
- Material Agreements
  Otter Tail Corp entered into Fourth Amended and Restated Credit Agreement with U.S. Bank National Association valued at $170 million unsecured revolving credit facility, may be increased to $250 million, expires October (effective 2022-10-31).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: U.S. Bank National Association
  - Value: $170 million unsecured revolving credit facility, may be increased to $250 million, expires October
  - Effective: 2022-10-31
  source text: On October 31, 2022, Otter Tail Power Company (“OTP”), a wholly owned subsidiary of the Company, entered into a Fourth Amended and Restated Credit Agreement (the “OTP Credit Agreement”) with a group of banks as named therein, and led by U.S. Bank, as administrative agent.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1466593/000146659322000070/0001466593-22-000070-index.htm
- Material Agreements
  Otter Tail Corp entered into Fifth Amended and Restated Credit Agreement with U.S. Bank National Association valued at $170 million unsecured revolving credit facility, may be increased to $290 million, expires October (effective 2022-10-31).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: U.S. Bank National Association
  - Value: $170 million unsecured revolving credit facility, may be increased to $290 million, expires October
  - Effective: 2022-10-31
  source text: On October 31, 2022, Otter Tail Corporation (the “Company”) entered into a Fifth Amended and Restated Credit Agreement (the “Otter Tail Credit Agreement”) with certain banks as named therein, and led by U.S. Bank National Association (“U.S. Bank”), as administrative agent.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1466593/000146659322000070/0001466593-22-000070-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.