Otter Tail Corp (OTTR) Form 8-K — Nov 3, 2026
Otter Tail Corporation reported Q3 2026 diluted EPS of $1.41 on revenue of $320.5 million, down from $1.86 and $325.6 million a year ago, with net income of $59.5 million versus $78.3 million. The decline was driven by the Plastics segment, where net income fell 33.4% on a 9% drop in average PVC pipe prices, softer volumes tied to a weakening housing market, and 10% higher PVC resin costs. Manufacturing revenue rose 16.6% on improving end-market demand, but its net income fell 34.4% on inflationary cost pressures.
Key figures
- Eps
- 1.41
- Revenue
- 320513000
- Guidance
- 2026 diluted EPS $3.89-$4.19 (midpoint affirmed, range narrowed); adjusted diluted EPS $5.73-$6.03
- Net Income
- 59463000
- Total Debt
- $1,090.99M long-term debt plus $28.7M short-term debt plus $122.0M current maturities
- Revenue Yoy
- -1.6% (Q3: $320.5M vs $325.6M)
- Total Assets
- 4362136000
- Cash Position
- $253.3M cash, cash equivalents and marketable securities; $601.8M total available liquidity
- Dividend Per Share
- 0.5775
- Capex 9m
- $451.6 million
- Electric q3 net income
- $27.4 million (+0.4% YoY)
- Operating cash flow 9m
- $307.9 million vs $288.9 million prior year
- Adjusted diluted eps 9m
- $4.79 vs $5.32 prior year
- Plastics q3 revenue change
- -12.9%
- Long term eps growth target
- 7-9%
- Legal settlement expense ytd
- $103.5 million
- Plastics q3 net income change
- -33.4%
- Manufacturing q3 revenue growth
- +16.6%
- Total shareholder return target
- 10-12%
- Manufacturing q3 net income change
- -34.4%
AI analysis
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