secwatch.observer — SEC 8-K summary
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Issuer:     Otter Tail Corp (OTTR)
CIK:        0001466593
Form:       8-K
Filed at:   2023-02-14T23:59:59+00:00
Accession:  0001466593-23-000050
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1466593/000146659323000050/0001466593-23-000050-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1466593/000146659323000050/ottr-20230213.htm
  HTML page:      https://secwatch.observer/filing/0001466593-23-000050

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