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Otter Tail Corporation (OTTR)

  • Dec. 2, 2013, 3:09 PM
    • Otter Tail (OTTR -2.3%) revises FY13 guidance to reflect a debt retirement premium paid in connection with the purchase of some $59.4M in outstanding 2016 9% notes.
    • EPS now seen at $1.21-1.33 versus previous guidance of $1.38-1.50. (8-K)
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  • Aug. 6, 2013, 11:57 AM
    • Otter Tail Corporation (OTTR -4.5%) slides after its Q2 misses on all fronts.
    • Electric revenues were $82.9M, compared with $79M for the prior year period.
    • Electric retail revenues increased $3.5M, as a result of higher Transmission Cost Recovery Rider revenues and an increase in retail kilowatt-hour sales resulting from colder spring weather in 2013 compared with 2012, as heating-degree days were up 70.3% between the quarters
    • For 2013, the company is narrowing its EPS guidance from continuing operations to $1.30 - $1.50 from its previous guidance of $1.30 - $1.55.
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Company Description
Otter Tail Corp through its utility business units, provides electricity and energy services. It operates in segments namely, Electric, Manufacturing, and Plastics.
Sector: Utilities
Country: United States