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Broke on Nov 06, 2026 · measured target $70.39 (-10%). Details →
Nov 3, 9:17 AM ET
Otter Tail reported third-quarter 2026 diluted earnings per share of $1.41, down from $1.86 a year earlier, and net income of $59.5 million, down from $78.3 million. Total operating revenues were $320.5 million, down from $325.6 million, with the Plastics segment's lower prices and volumes the main drag. The company kept the midpoint of its 2026 GAAP diluted EPS guidance and narrowed the range to $3.89 to $4.19.
- Q3 2026 diluted EPS was $1.41 versus $1.86 in Q3 2025; net income was $59.5 million versus $78.3 million.
- Plastics segment net income fell 33.4% to $29.0 million, driven by lower sales prices and volumes; Manufacturing sales volumes rose 13%.
- 2026 GAAP diluted EPS guidance is $3.89 to $4.19, narrowed from $3.84 to $4.24; the adjusted range is $5.73 to $6.03.
- The Board declared a quarterly dividend of $0.5775 per share, payable December 10, 2026 to holders of record on November 13, 2026.
Read the filing on SEC.gov ↗
Sep 1, 9:58 AM ET
Otter Tail Corporation disclosed that directors Thomas J. Webb and Dr. Kathryn O. Johnson will retire from its Board of Directors when their current terms end at the 2027 Annual Meeting of Shareholders. Both moves follow the company's director retirement policy, and the company said neither reflects a disagreement with its operations, policies or procedures. The filing does not name replacements or address board size, so shareholders should watch for future board nominations.
- Thomas J. Webb notified the company on August 28, 2026 that he will retire from the board at the end of his current term.
- Kathryn O. Johnson notified the company on August 31, 2026 that she will retire, citing retirement age under the director retirement policy.
- Both directors' terms expire at the 2027 Annual Meeting of Shareholders.
- The company said neither departure results from a disagreement with its operations, policies or procedures.
Read the filing on SEC.gov ↗
Aug 4, 8:29 AM ET
Otter Tail reported a second-quarter 2026 net loss of $7.6 million, or $0.18 per diluted share, after recording a $103.5 million pre-tax legal settlement expense tied to PVC pipe antitrust class actions. Total operating revenues were $334.4 million, roughly flat with $333.0 million a year earlier, while the company cut its 2026 GAAP diluted EPS guidance to $3.84 to $4.24 from $5.22 to $5.62 and initiated an adjusted range of $5.68 to $6.08. The settlements remain subject to final court approval.
- Q2 2026 net loss of $7.6 million, or $0.18 per diluted share, versus net income of $77.7 million in Q2 2025.
- Adjusted diluted EPS of $1.66 for Q2 2026 excludes the after-tax impact of the $103.5 million legal settlement expense.
- GAAP 2026 diluted EPS guidance lowered to $3.84 to $4.24 from $5.22 to $5.62; adjusted guidance initiated at $5.68 to $6.08.
- Quarterly dividend of $0.5775 per share declared August 3, 2026, payable September 10, 2026 to holders of record August 14, 2026.
Read the filing on SEC.gov ↗
Jun 18, 8:02 AM ET
Otter Tail's subsidiaries Northern Pipe Products and Vinyltech agreed on June 17, 2026 to pay $30 million into a settlement fund to resolve end-user class claims in the PVC Pipe Antitrust Litigation. The settlement requires court approval, and the company says it will use available cash and does not expect a material adverse effect on its financial position or liquidity.
- Settlement amount: $30 million, paid into a fund after preliminary court approval, with payment due about 21 days after that approval.
- Settlement covers End-User Class claims in In re: PVC Pipe Antitrust Litigation (Case No. 1:24-cv-07639), U.S. District Court for the Northern District of Illinois.
- The company does not admit wrongdoing and says it will keep defending itself if the settlement is not finalized.
- The filing says the settlement is not expected to have a material adverse effect on financial position or liquidity.
Read the filing on SEC.gov ↗
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.