secwatch.observer — SEC 8-K summary
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Issuer:     Otter Tail Corp (OTTR)
CIK:        0001466593
Form:       8-K
Filed at:   2024-11-05T23:59:59+00:00
Accession:  0001466593-24-000136
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Otter Tail Q3 EPS $2.03, down 7% YoY; raises FY2024 guidance to $6.97-$7.17
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- Electric segment net income +16% to $28.5M on ND interim rates and FERC ruling; Plastics -8% to $54.5M on lower PVC prices.
- Manufacturing net income -71% to $2.2M on 13% lower sales volumes in RV, agriculture, construction end markets.
- Quarterly dividend declared $0.4675/share, payable Dec 10, record Nov 15.
- Total available liquidity $544M as of Sept 30; nine-month capex $259.8M, mainly in Electric segment.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1466593/000146659324000136/0001466593-24-000136-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1466593/000146659324000136/ottr-20241104.htm
  HTML page:      https://secwatch.observer/filing/0001466593-24-000136

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