Every material Form 8-K Otter Tail filed with the SEC in 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
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.
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.
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.
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.
Otter Tail's subsidiaries agreed on May 28, 2026 to settle antitrust claims from two of three putative classes in the PVC Pipe Antitrust Litigation, with total payments of $73.5 million. The company says it does not admit wrongdoing and expects to fund the payments from available cash, which it says is not expected to have a material adverse effect on its financial position or liquidity. Claims from the End-User Class remain pending, and the settlements require court approval.
Settlements with the Direct Purchaser Class ($39.5 million) and Non-Converter Seller Purchaser Class ($34.0 million) were signed May 28, 2026.
Payments will be made by subsidiaries Northern Pipe Products, Inc. and Vinyltech Corporation, about 21 days after preliminary court approval.
Claims by the End-User Class remain pending in the Northern District of Illinois.
The company says the settlements are not expected to have a material adverse effect on its financial position or liquidity.
Otter Tail Corporation reported first-quarter 2026 results, with diluted earnings per share of $1.73 compared with $1.62 a year earlier and total operating revenues of $347.0 million compared with $337.4 million. The company affirmed its 2026 diluted EPS guidance range of $5.22 to $5.62, which means shareholders see the same profit outlook as before the report.
Diluted EPS was $1.73 for the quarter ended March 31, 2026, versus $1.62 in the same period of 2025.
Net income was $72.6 million, up from $68.1 million; total operating revenues were $347.0 million, up from $337.4 million.
Plastics net income fell to $32.9 million from $43.4 million on lower sales prices, while Electric net income rose to $35.3 million from $24.7 million.
The board declared a quarterly dividend of $0.5775 per share, payable June 10, 2026 to holders of record on May 15, 2026.
Otter Tail Corporation's board elected Tim Rogelstad as President and Tyler Nelson as Vice President and Chief Financial Officer, both effective April 13, 2026, as part of a long-term succession plan. Former CFO Todd Wahlund became Senior Vice President and President of Otter Tail Power Company, and CEO Charles MacFarlane remains CEO after stepping down as President. The filing discloses no financial results, and the changes are presented as planned succession rather than a response to performance.
Tim Rogelstad, 59, elected President on April 13, 2026; previously President of Otter Tail Power Company since 2014
Tyler Nelson, 46, elected Vice President and CFO on April 13, 2026; previously Vice President of Finance and Treasurer
Todd Wahlund stepped down as CFO and was elected Senior Vice President and President of Otter Tail Power Company
Nelson's base salary is $465,000, with a 50% annual cash incentive target and $250,000 long-term incentive target
On March 19, 2026, subsidiary Otter Tail Power Company entered a Note Purchase Agreement to issue $170 million of senior unsecured notes to private purchasers. The company says proceeds will fund capital expenditures, refinance existing debt and support general corporate purposes, and the agreement adds debt-to-capitalization and priority debt limits that apply each quarter.
Series 2026A notes: $100 million at 5.33%, due March 19, 2036, issued March 19, 2026
Series 2026B notes: $70 million at 6.04%, due June 4, 2056, expected to be issued June 4, 2026, subject to closing conditions
Financial covenants cap interest-bearing debt at 65% of total capitalization and priority indebtedness at 20% of total capitalization, tested quarterly
Otter Tail reported full-year 2025 diluted earnings per share of $6.55, down from $7.17 in 2024, on revenue of $1.3 billion, down from $1.33 billion. The company also initiated 2026 diluted EPS guidance of $5.22 to $5.62, below the 2025 result, with Plastics segment earnings expected to decline 36%.
2025 net income was $275.9 million, compared with $301.7 million in 2024.
Fourth-quarter 2025 diluted EPS was $1.23, compared with $1.30 a year earlier.
2026 guidance: Electric $2.61 to $2.69 per share, Manufacturing $0.26 to $0.32, Plastics $2.49 to $2.71 per share.
Manufacturing segment sales volumes fell 6% in 2025; Plastics average sales prices fell 15%.
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.
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