---
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"
generated_at: "2026-06-06T03:19:28.353718+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Otter Tail reports record FY2023 EPS of $7.00; guides 2024 EPS $5.13-$5.43

## Summary
- 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%.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: neutral
- 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/1466593/000146659324000034/0001466593-24-000034-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1466593/000146659324000034/ottr-20240212.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001466593-24-000034
- JSON: https://secwatch.observer/filing/0001466593-24-000034.json
- Plain text: https://secwatch.observer/filing/0001466593-24-000034.txt

## Key facts
- Earnings Releases
  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.
  - Period: for the quarter and year ended December 31, 2023
  - 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
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1466593/000146659324000034/0001466593-24-000034-index.htm
- Earnings Releases
  Otter Tail Corp reported fiscal year 2024 results: EPS diluted earnings per share guidance range of $5.13 to $5.43. Guidance initiated.
  - Period: fiscal year 2024
  - EPS: diluted earnings per share guidance range of $5.13 to $5.43
  - Guidance: initiated
  - Result: guidance update
  source text: We are initiating our 2024 diluted earnings per share guidance range of $5.13 to $5.43.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1466593/000146659324000034/0001466593-24-000034-index.htm

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