{"schema_version":"secwatch.filing_event.v1","accession":"0001466593-24-000109","form_type":"8-K","ticker":"OTTR","cik":"0001466593","company_name":"Otter Tail Corp","filed_at":"2024-05-07T23:59:59+00:00","discovered_at":"2026-05-14T18:03:18.541174+00:00","generated_at":"2026-06-02T17:34:07.422530+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Otter Tail Q1 EPS $1.77 (+19% YoY); raises 2024 guidance to $6.23–$6.53","bullets":["Diluted EPS $1.77 vs $1.49 in Q1 2023; Plastics segment net income +38.8% to $46.7M.","2024 EPS guidance raised to $6.23–$6.53 (midpoint $6.38) from $5.13–$5.43 on Plastics strength.","Electric net income $22.5M (-3.2%) as warmer weather reduced retail sales; interim ND rate increase effective Jan 1, 2024.","Manufacturing net income $5.3M (-23.3%) due to lower sales volumes in horticulture and lawn/garden.","Quarterly dividend $0.4675/share declared, payable June 10, 2024; issued $120M long-term debt to repay short-term borrowings."],"urls":{"canonical":"https://secwatch.observer/filing/0001466593-24-000109","json":"https://secwatch.observer/filing/0001466593-24-000109.json","markdown":"https://secwatch.observer/filing/0001466593-24-000109.md","text":"https://secwatch.observer/filing/0001466593-24-000109.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1466593/000146659324000109/0001466593-24-000109-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1466593/000146659324000109/ottr-20240506.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-02T17:34:07.422530+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":"2d5621ba08318ffdbe47504d6c0814de1e1457d6","claim":"Otter Tail Corp reported 2024 results: EPS a range of $6.23 to $6.53. Guidance raised.","evidence_excerpt":"We are increasing our 2024 diluted earnings per share guidance to a range of $6.23 to $6.53 from our initial range of $5.13 to $5.43 due primarily to stronger than expected Plastics segment performance.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1466593/000146659324000109/0001466593-24-000109-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"2024"},{"label":"EPS","value":"a range of $6.23 to $6.53"},{"label":"Guidance","value":"raised"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"},{"claim_id":"cb5dd119b34e6a2b6ff47226614215ac42857130","claim":"Otter Tail Corp reported the quarter ended March 31, 2024 results: EPS $1.77 per share.","evidence_excerpt":"Otter Tail Corporation (Nasdaq: OTTR) today announced financial results for the quarter ended March 31, 2024.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1466593/000146659324000109/0001466593-24-000109-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter ended March 31, 2024"},{"label":"EPS","value":"$1.77 per share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}