{"schema_version":"secwatch.filing_event.v1","accession":"0001466593-24-000034","form_type":"8-K","ticker":"OTTR","cik":"0001466593","company_name":"Otter Tail Corp","filed_at":"2024-02-13T23:59:59+00:00","discovered_at":"2026-05-14T18:03:24.253302+00:00","generated_at":"2026-06-06T03:19:28.353718+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Otter Tail reports record FY2023 EPS of $7.00; guides 2024 EPS $5.13-$5.43","bullets":["Q4 2023: revenue $314.3M, net income $57.8M, diluted EPS $1.37 (vs $1.00 a year ago).","Full year 2023: revenue $1.349B (-8% YoY); net income $294.2M (+4%); EPS $7.00 (+3% from $6.78).","Quarterly dividend raised 7% to $0.4675 ($1.87 annual); payable Mar 12, 2024 to holders Feb 26.","Electric segment net income $84.4M (+5.6%); Plastics segment net income $187.7M (-3.9%) on lower volumes/prices.","2024 EPS guidance: $5.13-$5.43; expects Plastics earnings decline but Electric +7%."],"urls":{"canonical":"https://secwatch.observer/filing/0001466593-24-000034","json":"https://secwatch.observer/filing/0001466593-24-000034.json","markdown":"https://secwatch.observer/filing/0001466593-24-000034.md","text":"https://secwatch.observer/filing/0001466593-24-000034.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1466593/000146659324000034/0001466593-24-000034-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1466593/000146659324000034/ottr-20240212.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T03:19:28.353718+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"a9663fb53fce20f8108ea191ffb54f79acf17fe0","claim":"Otter Tail Corp reported for the quarter and year ended December 31, 2023 results: revenue Operating Revenues $ 314.3 $ 301.4 $ 1,349.2 $ 1,460.2, net income Net Income $ 57.8 $ 42.0 $ 294.2 $ 284.2, EPS Diluted Earnings Per Share $ 1.37 $ 1.00 $ 7.00 $ 6.78.","evidence_excerpt":"Otter Tail Corporation (Nasdaq: OTTR) today announced financial results for the quarter and year ended December 31, 2023. 2023 SUMMARY (in millions, except per share amounts) Q4 2023 Q4 2022 2023 2022 Operating Revenues $ 314.3 $ 301.4 $ 1,349.2 $ 1,460.2 Net Income $ 57.8 $ 42.0 $ 294.2 $ 284.2 Diluted Earnings Per Share $ 1.37 $ 1.00 $ 7.00 $ 6.78","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1466593/000146659324000034/0001466593-24-000034-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"for the quarter and year ended December 31, 2023"},{"label":"Revenue","value":"Operating Revenues $ 314.3 $ 301.4 $ 1,349.2 $ 1,460.2"},{"label":"Net income","value":"Net Income $ 57.8 $ 42.0 $ 294.2 $ 284.2"},{"label":"EPS","value":"Diluted Earnings Per Share $ 1.37 $ 1.00 $ 7.00 $ 6.78"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"e7c8e12fc35eed00469561aa9e196453b5831c31","claim":"Otter Tail Corp reported fiscal year 2024 results: EPS diluted earnings per share guidance range of $5.13 to $5.43. Guidance initiated.","evidence_excerpt":"We are initiating our 2024 diluted earnings per share guidance range of $5.13 to $5.43.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1466593/000146659324000034/0001466593-24-000034-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fiscal year 2024"},{"label":"EPS","value":"diluted earnings per share guidance range of $5.13 to $5.43"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}