Otter Tail ( (OTTR) ) has released its Q2 earnings. Here is a breakdown of the information Otter Tail presented to its investors.
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Otter Tail Corporation, a member of the S&P SmallCap 600 Index, operates in the electric utility and manufacturing sectors, with diversified interests that include a strong focus on electric and manufacturing platforms. The company is publicly traded on the Nasdaq under the symbol OTTR.
In its latest earnings report, Otter Tail Corporation announced a solid financial performance for the second quarter of 2025, with a notable increase in diluted earnings per share to $1.85. The company also raised its annual earnings guidance, reflecting confidence in its ongoing operations and strategic initiatives.
Key financial highlights include a 17% return on equity over the trailing twelve months and an increase in the midpoint of 2025 earnings per share guidance by $0.38 to $6.26. The Electric segment saw a 14.1% increase in operating revenues, while the Manufacturing segment faced challenges with an 18.6% decline in operating revenues due to soft market demand. The Plastics segment, however, exceeded expectations with strong product demand and higher sales volumes, despite a decrease in sales prices.
Looking ahead, Otter Tail Corporation remains optimistic about its growth prospects, particularly in its Plastics segment, where it has increased its earnings guidance. The company continues to focus on significant capital investments and regulatory priorities, aiming for an earnings per share growth of 6 to 8 percent, while maintaining a strategic diversification that benefits stakeholders.