Quarterly ResultMay 5, 2026, 09:26 AM
Otter Tail Q1 Diluted EPS $1.73; Affirms 2026 EPS Guidance
AI Summary
Otter Tail Corporation announced its first quarter 2026 financial results, reporting diluted earnings per share of $1.73 and affirming its full-year 2026 diluted EPS guidance range of $5.22 to $5.62. The Electric segment saw a significant increase in net income due to rate adjustments and project recovery, while the Manufacturing segment benefited from cost management and increased sales volumes. The Plastics segment experienced a decrease in net income due to lower average sales prices, despite better-than-expected demand and the completion of a multi-year expansion project. The company also declared a quarterly common stock dividend of $0.5775 per share.
Key Highlights
- Otter Tail reported Q1 2026 diluted earnings per share of $1.73.
- The company affirmed its 2026 diluted EPS guidance range of $5.22 to $5.62.
- Q1 2026 Net Income increased to $72.61 million from $68.10 million in Q1 2025.
- Electric segment net income rose 42.7% to $35.25 million in Q1 2026.
- Manufacturing segment net income surged 179.6% to $4.28 million in Q1 2026.
- Plastics segment net income decreased 24.2% to $32.94 million in Q1 2026.
- The Board of Directors declared a quarterly common stock dividend of $0.5775 per share.
- Cash provided by operating activities increased to $70.6 million from $39.5 million year-over-year.