secwatch.observer — SEC 8-K summary
======================================

Issuer:     Otter Tail Corp (OTTR)
CIK:        0001466593
Form:       8-K
Filed at:   2023-10-31T23:59:59+00:00
Accession:  0001466593-23-000159
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1466593/000146659323000159/0001466593-23-000159-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1466593/000146659323000159/ottr-20231030.htm
  HTML page:      https://secwatch.observer/filing/0001466593-23-000159

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