---
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"
generated_at: "2026-06-02T17:34:07.422530+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Otter Tail Q1 EPS $1.77 (+19% YoY); raises 2024 guidance to $6.23–$6.53

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- 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/1466593/000146659324000109/0001466593-24-000109-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1466593/000146659324000109/ottr-20240506.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001466593-24-000109
- JSON: https://secwatch.observer/filing/0001466593-24-000109.json
- Plain text: https://secwatch.observer/filing/0001466593-24-000109.txt

## Key facts
- Earnings Releases
  Otter Tail Corp reported 2024 results: EPS a range of $6.23 to $6.53. Guidance raised.
  - Period: 2024
  - EPS: a range of $6.23 to $6.53
  - Guidance: raised
  - Result: guidance update
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1466593/000146659324000109/0001466593-24-000109-index.htm
- Earnings Releases
  Otter Tail Corp reported the quarter ended March 31, 2024 results: EPS $1.77 per share.
  - Period: the quarter ended March 31, 2024
  - EPS: $1.77 per share
  - Result: reported results
  source text: Otter Tail Corporation (Nasdaq: OTTR) today announced financial results for the quarter ended March 31, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1466593/000146659324000109/0001466593-24-000109-index.htm

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