secwatch.observer — SEC 8-K summary
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Issuer:     Otter Tail Corp (OTTR)
CIK:        0001466593
Form:       8-K
Filed at:   2024-02-13T23:59:59+00:00
Accession:  0001466593-24-000034
Event type: earnings
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1466593/000146659324000034/0001466593-24-000034-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1466593/000146659324000034/ottr-20240212.htm
  HTML page:      https://secwatch.observer/filing/0001466593-24-000034

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