---
schema_version: "secwatch.filing_event.v1"
accession: "0001466593-23-000050"
form_type: "8-K"
ticker: "OTTR"
cik: "0001466593"
company_name: "Otter Tail Corp"
filed_at: "2023-02-14T23:59:59+00:00"
generated_at: "2026-06-19T13:35:55.535469+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Otter Tail posts record FY 2022 EPS of $6.78, guides FY 2023 EPS $3.76-$4.06

## Summary
- FY 2022 diluted EPS $6.78 (+60% YoY); net income $284.2M (+61%); operating revenue $1.46B (+22%).
- Q4 2022 diluted EPS $1.00 (-18.7% YoY) on lower Plastics segment earnings.
- FY 2023 EPS guidance $3.76-$4.06, a 40-44% decline from 2022, as Plastics normalizes.
- Quarterly dividend raised 6.1% to $0.4375/share ($1.75 annualized).
- Electric segment plans ~$1B capex over 5 years for 6.4% rate base CAGR; Ashtabula III wind farm acquired.

## SEC filing metadata
- accession: 0001466593-23-000050
- form_type: 8-K
- ticker: OTTR
- cik: 0001466593
- company_name: Otter Tail Corp
- filed_at: 2023-02-14T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1466593/000146659323000050/0001466593-23-000050-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1466593/000146659323000050/ottr-20230213.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001466593-23-000050
- JSON: https://secwatch.observer/filing/0001466593-23-000050.json
- Plain text: https://secwatch.observer/filing/0001466593-23-000050.txt

## Key facts
- Earnings Releases
  Otter Tail Corp reported the quarter and year ended December 31, 2022 results: revenue $ 301.4 $ 333.2 $ 1,460.2 $ 1,196.8, net income $ 42.0 $ 51.6 $ 284.2 $ 176.8, EPS $ 1.00 $ 1.23 $ 6.78 $ 4.23. Guidance initiated.
  - Period: the quarter and year ended December 31, 2022
  - Revenue: $ 301.4 $ 333.2 $ 1,460.2 $ 1,196.8
  - Net income: $ 42.0 $ 51.6 $ 284.2 $ 176.8
  - EPS: $ 1.00 $ 1.23 $ 6.78 $ 4.23
  - Guidance: initiated
  - Result: reported results
  source text: announced financial results for the quarter and year ended December 31, 2022. 2022 SUMMARY (in millions, except per share amounts) Q4 2022 Q4 2021 2022 2021 Operating Revenues $ 301.4 $ 333.2 $ 1,460.2 $ 1,196.8 Net Income $ 42.0 $ 51.6 $ 284.2 $ 176.8 Diluted Earnings Per Share $ 1.00 $ 1.23 $ 6.78 $ 4.23 Compared to the year ended December 31, 2021: •
  evidence_url: https://www.sec.gov/Archives/edgar/data/1466593/000146659323000050/0001466593-23-000050-index.htm

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