---
schema_version: "secwatch.filing_event.v1"
accession: "0001466593-23-000159"
form_type: "8-K"
ticker: "OTTR"
cik: "0001466593"
company_name: "Otter Tail Corp"
filed_at: "2023-10-31T23:59:59+00:00"
generated_at: "2026-06-09T04:32:07.563082+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Otter Tail reports record Q3 EPS of $2.19; raises FY2023 guidance to $6.76-$6.96

## Summary
- Consolidated net income $92M, EPS $2.19 (+9% YoY); revenue $358M (-7%).
- Plastics segment net income $59.2M (+6%) driven by wider resin spreads; Manufacturing net income $7.4M (+20%) on higher volumes.
- Board declares Q4 dividend of $0.4375/share, payable Dec 8 to record Nov 15.
- Hoot Lake Solar (49 MW) became operational in August; Otter Tail Power to file for ~$17M rate increase in ND on Nov 2.
- FY2023 EPS guidance raised to $6.76-$6.96 (from $5.70-$6.00), driven by Plastics outperformance.

## SEC filing metadata
- accession: 0001466593-23-000159
- form_type: 8-K
- ticker: OTTR
- cik: 0001466593
- company_name: Otter Tail Corp
- filed_at: 2023-10-31T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1466593/000146659323000159/0001466593-23-000159-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1466593/000146659323000159/ottr-20231030.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001466593-23-000159
- JSON: https://secwatch.observer/filing/0001466593-23-000159.json
- Plain text: https://secwatch.observer/filing/0001466593-23-000159.txt

## Key facts
- Earnings Releases
  Otter Tail Corp updated its third quarter of 2023 guidance (raised).
  - Period: third quarter of 2023
  - Guidance: raised
  - Result: reported results
  source text: On October 30, 2023 Otter Tail Corporation issued a press release announcing its consolidated financial results for the third quarter of 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1466593/000146659323000159/0001466593-23-000159-index.htm

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