secwatch.observer — SEC 8-K summary
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Issuer:     Otter Tail Corp (OTTR)
CIK:        0001466593
Form:       8-K
Filed at:   2023-08-01T23:59:59+00:00
Accession:  0001466593-23-000146
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1466593/000146659323000146/0001466593-23-000146-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1466593/000146659323000146/ottr-20230731.htm
  HTML page:      https://secwatch.observer/filing/0001466593-23-000146

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