earnings
confidence high
sentiment positive
materiality 0.75
Otter Tail posts record annual EPS of $7.17; raises long-term EPS growth target to 6-8%
Otter Tail Corp
2024-FY EPS reported
$7.17
revenue$1,329,973,000
- Record diluted EPS of $7.17 in 2024; consolidated ROE of 19.3% on equity ratio of 62.2%.
- Electric segment net income $91.0M (+7.7%); North Dakota rate case approved with $13.1M revenue increase.
- Plastics segment record earnings $200.7M (+6.9%) on 27% sales volume growth; Manufacturing down 36%.
- 2025 EPS guidance $5.68-$6.08; long-term EPS growth target raised to 6-8% from 5-7%.
- Five-year capex plan $1.6B; electric rate base CAGR raised to 9.0% from 7.7%.