Otter Tail reports Q2 EPS $2.07 vs. $1.95 last year

Reports Q2 revenue $342.34M vs. $337.72M last year. “We are pleased with our Q2 financial results,” said President and CEO Chuck MacFarlane, “as our team members continue to perform well amid changing market conditions. Plastics segment earnings increased 9% compared to the Q2 of 2023 due to higher sales volumes driven by customer sales volume growth and improved end market demand, partially offset by lower sales prices. Manufacturing segment earnings increased 15%, primarily driven by higher margins at BTD Manufacturing, partially offset by lower sales volumes. Electric segment earnings decreased 6% from the same time last year due to the impact of unfavorable weather.