secwatch.observer — SEC 8-K summary
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Issuer:     Otter Tail Corp (OTTR)
CIK:        0001466593
Form:       8-K
Filed at:   2024-08-06T23:59:59+00:00
Accession:  0001466593-24-000125
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Otter Tail reports record Q2 EPS $2.07, up 6% YoY; raises 2024 EPS guidance to $6.77-$7.07
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- Diluted EPS $2.07, up 6% from Q2 2023; net income driven by Plastics segment up 9% on higher volumes.
- FY2024 EPS guidance raised to $6.77-$7.07 (previous $6.23-$6.53) due to Plastics strength and slower price decline.
- Quarterly dividend $0.4675/share declared, payable Sept 10, 2024 to holders of record Aug 15, 2024.
- Electric segment net income down 6% due to unfavorable weather; Manufacturing up 15% but expects softening in H2.
- Minnesota PUC approved Integrated Resource Plan: 200-300 MW solar by 2027, wind/battery by 2029.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1466593/000146659324000125/0001466593-24-000125-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1466593/000146659324000125/ottr-20240805.htm
  HTML page:      https://secwatch.observer/filing/0001466593-24-000125

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