---
schema_version: "secwatch.filing_event.v1"
accession: "0001466593-23-000146"
form_type: "8-K"
ticker: "OTTR"
cik: "0001466593"
company_name: "Otter Tail Corp"
filed_at: "2023-08-01T23:59:59+00:00"
generated_at: "2026-06-12T17:45:29.296258+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Otter Tail Q2 EPS $1.95 (-5% YoY), raises 2023 guidance to $5.70-$6.00

## Summary
- Q2 2023: diluted EPS $1.95 (-5% YoY), revenue $338M (-16%), net income $82M (-5%).
- 2023 EPS guidance raised to $5.70-$6.00 from $4.55-$4.85, driven by stronger Plastics margins.
- Plastics segment net income $55.4M (-13.4%) on 27% lower volume; margins remain elevated.
- Electric segment net income $19.6M (+4.1%); 49MW Hoot Lake Solar on track for Q3 2023.
- Quarterly dividend of $0.4375/share declared, payable Sept 8, 2023 to holders of record Aug 15.

## SEC filing metadata
- accession: 0001466593-23-000146
- form_type: 8-K
- ticker: OTTR
- cik: 0001466593
- company_name: Otter Tail Corp
- filed_at: 2023-08-01T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1466593/000146659323000146/0001466593-23-000146-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1466593/000146659323000146/ottr-20230731.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001466593-23-000146
- JSON: https://secwatch.observer/filing/0001466593-23-000146.json
- Plain text: https://secwatch.observer/filing/0001466593-23-000146.txt

## Key facts
- Earnings Releases
  Otter Tail Corp reported the quarter ended June 30, 2023 results: revenue Consolidated operating revenues decreased 16% to $338 million., net income Consolidated net income decreased 5% to $82 million., EPS Diluted earnings per share decreased 5% to $1.95 per share.. Guidance raised.
  - Period: the quarter ended June 30, 2023
  - Revenue: Consolidated operating revenues decreased 16% to $338 million.
  - Net income: Consolidated net income decreased 5% to $82 million.
  - EPS: Diluted earnings per share decreased 5% to $1.95 per share.
  - Guidance: raised
  - Result: reported results
  source text: OTTR) today announced financial results for the quarter ended June 30, 2023. SUMMARY Compared to the quarter ended June 30, 2022: • Consolidated operating revenues decreased 16% to $338 million. • Consolidated net income decreased 5% to $82 million. • Diluted earnings per share decreased 5% to $1.95 per share. CEO OVERVIEW “We are pleased with our
  evidence_url: https://www.sec.gov/Archives/edgar/data/1466593/000146659323000146/0001466593-23-000146-index.htm

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